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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 82.0 $ 103.3
Accounts receivable, net 164.4 125.4
Inventories, net 217.4 213.5
Contract assets 42.3 43.1
Prepaid expenses and other current assets 50.7 38.0
Assets held for sale 12.6 12.6
Total current assets 569.4 535.9
Property, plant and equipment 3,109.8 3,139.7
Less accumulated depreciation (1,281.4) (1,265.5)
Net property, plant and equipment 1,828.4 1,874.2
Goodwill and other intangible assets, net 274.4 277.8
Investments in affiliated companies 44.4 44.7
Other assets 176.9 185.2
Total assets 2,893.5 2,917.8
Current liabilities:    
Short-term borrowings 0.3 0.9
Accounts payable 88.5 70.0
Accrued compensation and benefits 56.1 43.2
Financial instruments 2.8 3.6
Accrued liabilities 72.2 65.4
Total current liabilities 219.9 183.1
Long-term debt 912.0 925.5
Retirement obligations 52.2 53.9
Deferred income taxes 141.5 153.0
Other non-current liabilities 81.0 92.1
Total liabilities 1,406.6 1,407.6
Stockholders' equity:    
Common stock, $0.01 par value, 200.0 shares authorized, 109.9 shares and 109.7 shares issued at March 31, 2021 and December 31, 2020, respectively 1.1 1.1
Additional paid-in capital 861.5 849.7
Retained earnings 1,982.4 1,996.4
Accumulated other comprehensive loss (78.7) (59.6)
Total stockholders' equity including treasury stock value 2,766.3 2,787.6
Less – Treasury stock, at cost, 26.1 shares at March 31, 2021 and 26.1 shares at December 31, 2020, respectively. (1,279.4) (1,277.4)
Total stockholders' equity 1,486.9 1,510.2
Total liabilities and stockholders' equity $ 2,893.5 $ 2,917.8