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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 45.3 $ 325.7
Accounts and notes receivable, net 85.1 79.9
Inventories, net 68.5 61.2
Assets of discontinued operations   244.3
Income taxes receivable 30.0 1.7
Other current assets 15.5 4.8
Total current assets 244.4 717.6
Property, plant, and equipment, less accumulated depreciation and amortization of $447.5 and $412.9, respectively 524.6 501.0
Lease right-of-use assets 35.3  
Prepaid pension costs 94.8 52.8
Investment in joint venture 58.5 40.8
Goodwill 53.0 19.2
Intangible assets, net 411.9 422.8
Deferred income taxes 10.4 14.8
Income taxes receivable 2.5 0.8
Other non-current assets 57.9 68.5
Total assets 1,493.3 1,838.3
Current liabilities:    
Current installments of long-term debt 6.3 55.0
Accounts payable and accrued expenses 148.7 383.3
Liabilities of discontinued operations   110.3
Income taxes payable 0.2 0.9
Total current liabilities 155.2 549.5
Long-term debt, less current installments 604.5 764.8
Lease non-current liabilities 30.1  
Postretirement benefit liabilities 71.0 58.8
Pension benefit liabilities 46.6 50.3
Other long-term liabilities 37.8 38.0
Income taxes payable 19.3 26.5
Deferred income taxes 163.9 124.4
Total non-current liabilities 973.2 1,062.8
Shareholders' equity:    
Common stock, $0.01 par value per share, 200 million shares authorized, 62,263,395 shares issued and 47,992,348 shares outstanding as of December 31, 2019 and 61,553,724, shares issued and 48,808,239 shares outstanding as of December 31, 2018 0.6 0.6
Capital in excess of par value 555.7 547.4
Retained earnings 1,008.2 829.8
Treasury stock, at cost, 14,271,047 shares as of December 31, 2019 and 12,745,485 shares as of December 31, 2018 (823.5) (692.2)
Accumulated other comprehensive (loss) (376.1) (459.6)
Total shareholders' equity 364.9 226.0
Total liabilities and shareholders' equity $ 1,493.3 $ 1,838.3