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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 141.9 $ 209.3
Accounts and notes receivable, net 108.3 114.3
Inventories, net 109.0 101.4
Current assets of discontinued operations   381.2
Deferred income taxes   29.8
Income tax receivable 26.2 11.1
Other current assets 20.8 33.7
Total current assets 406.2 880.8
Property, plant, and equipment, less accumulated depreciation and amortization of $445.5 and $403.8, respectively 669.6 648.1
Prepaid pension costs 56.6 8.3
Investment in joint venture 106.2 130.8
Intangible assets, net 433.4 447.2
Noncurrent assets of discontinued operations   493.1
Deferred income taxes 15.4 19.5
Income tax receivable 5.7 2.4
Other noncurrent assets 64.9 57.0
Total assets 1,758.0 2,687.2
Current liabilities:    
Current installments of long-term debt 25.0 52.1
Accounts payable and accrued expenses 197.1 231.1
Liabilities of discontinued operations   149.3
Income tax payable 2.0 3.2
Deferred income taxes   0.6
Total current liabilities 224.1 436.3
Long-term debt, less current installments 848.6 936.2
Postretirement benefit liabilities 84.8 87.2
Pension benefit liabilities 86.3 62.1
Other long-term liabilities 29.1 43.3
Noncurrent liabilities of discontinued operations   154.3
Income tax payable 62.2 92.3
Deferred income taxes 156.5 106.7
Total noncurrent liabilities 1,267.5 1,482.1
Shareholders' equity:    
Common stock, $0.01 par value per share, authorized 200 million shares; issued 60,597,140 shares, outstanding 54,428,233 shares in 2016 and 60,416,446 shares issued, 55,359,064 outstanding shares in 2015 0.6 0.6
Capital in excess of par value 504.9 1,151.8
Retained earnings 469.9 365.2
Treasury stock, at cost, 6,168,907 shares as of December 31, 2016 and 5,057,382 shares as of December 31, 2015 (305.2) (261.4)
Accumulated other comprehensive (loss) (403.8) (487.4)
Total shareholders' equity 266.4 768.8
Total liabilities and shareholders' equity $ 1,758.0 $ 2,687.2