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Consolidated Balance Sheet (USD $)
In Millions, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 273.4 $ 49.8
Short-term investments 85.0 0
Receivables:    
Trade, less allowance for doubtful receivables of $0.8 at December 31, 2012 and $0.9 at December 31, 2011, respectively 123.8 98.9
Other 3.4 1.2
Inventories 186.0 205.7
Prepaid expenses and other current assets 70.1 78.9
Total current assets 741.7 434.5
Property, plant, and equipment — net 384.3 367.8
Net asset in respect of VEBA 365.9 144.7
Deferred tax assets — net (including deferred tax liability relating to the VEBAs of $136.9 at December 31, 2012 and $47.6 at December 31, 2011 - see Note 7) 102.0 226.9
Intangible assets — net 35.4 37.2
Goodwill 37.2 37.2
Other assets 86.0 72.3
Total 1,752.5 1,320.6
Current liabilities:    
Accounts payable 62.5 62.2
Accrued salaries, wages, and related expenses 39.3 30.9
Other accrued liabilities 51.9 41.0
Payable to affiliate 7.9 14.4
Long-term debt-current portion 0 1.3
Total current liabilities 161.6 149.8
Net liability in respect of VEBA 5.3 20.6
Long-term liabilities 134.5 126.0
Long-term debt 380.3 151.4
Total liabilities 681.7 447.8
Commitments and contingencies — Note 11      
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both December 31, 2012 and December 31, 2011; no shares were issued and outstanding at December 31, 2012 and December 31, 2011 0 0
Common stock, par value $0.01, 90,000,000 shares authorized at both December 31, 2012 and at December 31, 2011; 21,037,841 shares issued and 19,313,235 shares outstanding at December 31, 2012; 20,977,791 shares issued and 19,253,185 shares outstanding at December 31, 2011 0.2 0.2
Additional paid in capital 1,017.7 998.4
Retained earnings 151.2 84.4
Common stock owned by Union VEBA subject to transfer restrictions, at reorganization value, none at December 31, 2012 and 2,202,495 shares at December 31, 2011 0 (52.9)
Treasury stock, at cost, 1,724,606 shares at December 31, 2012 and December 31, 2011 (72.3) (72.3)
Accumulated other comprehensive loss (26.0) (85.0)
Total stockholders’ equity 1,070.8 872.8
Total $ 1,752.5 $ 1,320.6