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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 325.7 $ 159.6
Accounts and notes receivable, net 79.9 90.8
Inventories, net 61.2 53.8
Current assets of discontinued operations 279.5 306.1
Income tax receivable 1.7 30.7
Other current assets 4.8 7.9
Total current assets 752.8 648.9
Property, plant, and equipment, less accumulated depreciation and amortization of $367.3 and $323.8, respectively 501.0 499.9
Prepaid pension costs 52.8 88.3
Investment in joint venture 40.8 107.3
Goodwill and intangible assets, net 442.0 441.1
Deferred income taxes 14.8 19.6
Income tax receivable 0.8 4.1
Other noncurrent assets 68.5 64.3
Total assets 1,873.5 1,873.5
Current liabilities:    
Current installments of long-term debt 55.0 32.5
Accounts payable and accrued expenses 383.3 108.4
Liabilities of discontinued operations 110.3 128.5
Income tax payable 0.9 0.5
Total current liabilities 549.5 269.9
Long-term debt, less current installments 764.8 817.7
Postretirement benefit liabilities 58.8 79.2
Pension benefit liabilities 50.3 57.2
Other long-term liabilities 38.0 35.5
Income tax payable 26.5 53.0
Deferred income taxes 124.4 141.7
Total noncurrent liabilities 1,062.8 1,184.3
Shareholders' equity:    
Common stock, $0.01 par value per share, authorized 200 million shares; issued 61,553,724 shares, outstanding 48,808,239 shares in 2018 and 60,782,736 shares issued, 52,772,139 outstanding shares in 2017 0.6 0.6
Capital in excess of par value 547.4 516.8
Retained earnings 865.0 633.4
Treasury stock, at cost, 12,745,485 shares as of December 31, 2018 and 8,010,597 shares as of December 31, 2017 (692.2) (385.6)
Accumulated other comprehensive (loss) (459.6) (345.9)
Total shareholders' equity 261.2 419.3
Total liabilities and shareholders' equity $ 1,873.5 $ 1,873.5