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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 115.3 $ 103.3
Accounts receivable, net 168.7 125.4
Inventories, net 232.4 213.5
Contract assets 40.5 43.1
Prepaid expenses and other current assets 49.8 38.0
Assets held for sale 12.6 12.6
Total current assets 619.3 535.9
Property, plant and equipment 3,122.3 3,139.7
Less accumulated depreciation (1,321.3) (1,265.5)
Net property, plant and equipment 1,801.0 1,874.2
Goodwill and other intangible assets, net 273.2 277.8
Investments in affiliated companies 43.4 44.7
Other assets 180.5 185.2
Total assets 2,917.4 2,917.8
Current liabilities:    
Short-term borrowings 0.9 0.9
Accounts payable 86.8 70.0
Accrued compensation and benefits 65.1 43.2
Financial instruments 1.1 3.6
Accrued liabilities 81.7 65.4
Total current liabilities 235.6 183.1
Long-term debt 904.5 925.5
Retirement obligations 52.4 53.9
Deferred income taxes 143.1 153.0
Other non-current liabilities 79.0 92.1
Total liabilities 1,414.6 1,407.6
Stockholders' equity:    
Common stock, $0.01 par value, 200.0 shares authorized, 110.0 shares and 109.7 shares issued at June 30, 2021 and December 31, 2020, respectively 1.1 1.1
Additional paid-in capital 869.7 849.7
Retained earnings 1,984.6 1,996.4
Accumulated other comprehensive loss (73.2) (59.6)
Total stockholders' equity including treasury stock value 2,782.2 2,787.6
Less – Treasury stock, at cost, 26.1 shares at June 30, 2021 and 26.1 shares at December 31, 2020. (1,279.4) (1,277.4)
Total stockholders' equity 1,502.8 1,510.2
Total liabilities and stockholders' equity $ 2,917.4 $ 2,917.8