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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 477.1 $ 320.0
Short-term marketable debt securities 101.9 85.2
Accounts receivable, net of allowance for credit losses and customer deductions of $13.8 million and $19.6 million as of June 30, 2023 and December 31, 2022, respectively 1,023.9 1,031.8
Inventories 992.2 977.3
Prepaid expenses and other current assets 75.5 58.3
Federal and state income taxes receivable 0.0 35.7
Total current assets 2,670.6 2,508.3
Property, plant, and equipment, net 3,886.7 3,900.0
Goodwill 922.4 922.4
Other intangible assets, net 248.7 267.9
Operating lease right-of-use assets 286.2 298.3
Long-term marketable debt securities 50.6 64.9
Other long-term assets 41.3 42.0
Total assets 8,106.5 8,003.8
Current liabilities:    
Operating lease obligations 75.0 72.2
Finance lease obligations 1.9 1.9
Accounts payable 365.8 410.4
Dividends payable 115.4 115.5
Accrued liabilities 219.9 263.7
Accrued interest 11.7 11.8
Federal and state income taxes payable 8.0 0.0
Total current liabilities 797.7 875.5
Long-term liabilities:    
Long-term debt 2,474.7 2,473.6
Operating lease obligations 221.9 234.6
Finance lease obligations 9.8 10.8
Deferred income taxes 538.6 543.0
Compensation and benefits 153.5 141.8
Other long-term liabilities 61.7 57.4
Total long-term liabilities 3,460.2 3,461.2
Commitments and contingent liabilities
Stockholders' equity:    
Common stock, par value $0.01 per share, 300.0 million shares authorized, 89.9 million and 89.7 million shares issued as of June 30, 2023 and December 31, 2022, respectively 0.9 0.9
Additional paid in capital 607.4 581.8
Retained earnings 3,339.0 3,186.8
Accumulated other comprehensive loss (98.7) (102.4)
Total stockholders' equity 3,848.6 3,667.1
Total liabilities and stockholders' equity $ 8,106.5 $ 8,003.8