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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 101.6 $ 106.0
Accounts and notes receivable, net 117.0 112.4
Inventories, net 109.1 110.0
Income taxes receivable 3.6 1.8
Other current assets 30.7 26.3
Total current assets 362.0 356.5
Property, plant, and equipment, less accumulated depreciation and amortization of $572.1 and $549.5, respectively 559.0 554.4
Operating lease assets 28.1 18.8
Finance lease assets 18.4 16.0
Prepaid pension costs 86.5 83.2
Investment in joint venture 25.6 23.9
Goodwill 167.4 167.3
Intangible assets, net 412.3 407.7
Other non-current assets 53.0 59.4
Total assets 1,712.3 1,687.2
Current liabilities:    
Current installments of long-term debt 11.3 0.0
Accounts payable and accrued expenses 148.2 172.5
Operating lease liabilities 7.1 5.9
Finance lease liabilities 2.6 2.2
Income taxes payable 7.6 2.1
Total current liabilities 176.8 182.7
Long-term debt, less current installments 640.2 651.1
Operating lease liabilities 21.6 13.2
Finance lease liabilities 16.6 14.6
Postretirement benefit liabilities 54.0 54.8
Pension benefit liabilities 26.9 27.6
Other long-term liabilities 27.9 25.8
Income taxes payable 14.0 13.1
Deferred income taxes 167.6 169.3
Total non-current liabilities 968.8 969.5
Shareholders' equity:    
Common stock, $0.01 par value per share, 200 million shares authorized, 62,998,547 shares issued and 44,823,285 shares outstanding as of June 30, 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 580.4 573.6
Retained earnings 1,254.1 1,169.9
Treasury stock, at cost, 18,175,262 shares as of June 30, 2023 and 17,364,635 shares as of December 31, 2022 (1,166.6) (1,109.0)
Accumulated other comprehensive loss (101.8) (100.1)
Total shareholders' equity 566.7 535.0
Total liabilities and shareholders' equity $ 1,712.3 $ 1,687.2