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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 103.3 $ 64.4
Accounts receivable, net 125.4 227.6
Inventories 213.5 333.1
Contract assets 43.1 52.7
Prepaid expenses and other current assets 38.0 27.1
Assets held for sale 12.6  
Total current assets 535.9 704.9
Property, plant and equipment 3,139.7 3,075.1
Less accumulated depreciation (1,265.5) (1,132.3)
Property, plant and equipment, net 1,874.2 1,942.8
Goodwill and other intangible assets 277.8 280.4
Investments in affiliated companies 44.7 46.5
Other assets 185.2 154.0
Total assets 2,917.8 3,128.6
Current liabilities:    
Short-term borrowings 0.9 9.5
Accounts payable 70.0 157.6
Accrued compensation and benefits 43.2 74.4
Financial instruments 3.6 17.7
Accrued liabilities 65.4 63.4
Total current liabilities 183.1 322.6
Long-term debt 925.5 1,050.6
Retirement obligations 53.9 53.3
Deferred income taxes 153.0 155.7
Other non-current liabilities 92.1 100.3
Total liabilities 1,407.6 1,682.5
Stockholders' equity:    
Common stock, $0.01 par value, 200.0 shares authorized, 109.7 shares and 109.3 shares issued at December 31, 2020 and 2019, respectively 1.1 1.1
Additional paid-in capital 849.7 829.9
Retained earnings 1,996.4 1,978.9
Accumulated other comprehensive loss (59.6) (118.7)
Total stockholders' equity including treasury stock value 2,787.6 2,691.2
Less – Treasury stock, at cost, 26.1 shares and 25.7 shares at December 31, 2020 and 2019, respectively (1,277.4) (1,245.1)
Total stockholders' equity 1,510.2 1,446.1
Total liabilities and stockholders' equity $ 2,917.8 $ 3,128.6