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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 96.0 $ 106.0
Accounts and notes receivable, net 121.9 112.4
Inventories, net 113.4 110.0
Income taxes receivable 0.3 1.8
Other current assets 30.4 26.3
Total current assets 362.0 356.5
Property, plant, and equipment, less accumulated depreciation and amortization of $566.1 and $549.5, respectively 560.4 554.4
Operating lease assets 16.5 18.8
Finance lease assets 15.5 16.0
Prepaid pension costs 84.8 83.2
Investment in joint venture 24.6 23.9
Goodwill 167.3 167.3
Intangible assets, net 404.6 407.7
Other non-current assets 52.2 59.4
Total assets 1,687.9 1,687.2
Current liabilities:    
Current installments of long-term debt 5.6 0.0
Accounts payable and accrued expenses 137.3 172.5
Operating lease liabilities 5.7 5.9
Finance lease liabilities 2.2 2.2
Income taxes payable 15.5 2.1
Total current liabilities 166.3 182.7
Long-term debt, less current installments 660.6 651.1
Operating lease liabilities 11.1 13.2
Finance lease liabilities 14.0 14.6
Postretirement benefit liabilities 55.1 54.8
Pension benefit liabilities 27.2 27.6
Other long-term liabilities 26.9 25.8
Income taxes payable 13.5 13.1
Deferred income taxes 168.4 169.3
Total non-current liabilities 976.8 969.5
Shareholders' equity:    
Common stock, $0.01 par value per share, 200 million shares authorized, 62,949,072 shares issued and 45,217,244 shares outstanding as of March 31, 2023 and 62,936,820 shares issued and 45,572,185 shares outstanding as of December 31, 2022 0.6 0.6
Capital in excess of par value 577.2 573.6
Retained earnings 1,205.5 1,169.9
Treasury stock, at cost, 17,731,828 shares as of March 31, 2023 and 17,364,635 shares as of December 31, 2022 (1,136.3) (1,109.0)
Accumulated other comprehensive loss (102.2) (100.1)
Total shareholders' equity 544.8 535.0
Total liabilities and shareholders' equity $ 1,687.9 $ 1,687.2