Supplemental Balance Sheet Information

3 Months Ended

Mar. 31, 2015

Supplemental Balance Sheet Information [Abstract]

Supplemental Balance Sheet Information

Supplemental Balance Sheet Information

	March 31, 2015		December 31, 2014
	(In millions of dollars)
Cash and Cash Equivalents
Cash and money market funds	$	204.9	$	29.5
Commercial paper	16.0		148.2
Total	$	220.9	$	177.7

Trade Receivables – Net
Billed trade receivables	$	149.9		$	128.7
Unbilled trade receivables	0.6			1.4
Trade receivables, gross	150.5			130.1
Allowance for doubtful receivables	(0.8		)	(0.8		)
Trade receivables – net	$	149.7		$	129.3

Inventories
Finished products	$	69.8	$	73.6
Work-in-process	71.5		66.7
Raw materials	55.6		54.2
Operating supplies and repair and maintenance parts	21.1		20.2
Total	$	218.0	$	214.7

Prepaid Expenses and Other Current Assets
Current derivative assets – Notes 8 and 9	$	95.1	$	85.7
Current deferred tax assets	92.2		86.4
Short-term restricted cash	0.3		0.3
Prepaid taxes	3.0		—
Other	5.2		6.2
Total	$	195.8	$	178.6

Property, Plant and Equipment – Net
Land and improvements	$	22.9		$	22.9
Buildings and leasehold improvements	64.2			63.8
Machinery and equipment	518.0			509.8
Construction in progress	27.4			25.2
Property, plant and equipment – gross	632.5			621.7
Accumulated depreciation	(174.4		)	(166.8		)
Property, plant and equipment – net	$	458.1		$	454.9

Other Assets
Restricted cash	$	10.4	$	10.0
Deferred financing costs	5.4		5.9
Deferred compensation plan assets	7.1		7.3
Other	0.1		0.1
Total	$	23.0	$	23.3

Other Accrued Liabilities
Current derivative liabilities – Notes 8 and 9	$	108.1	$	94.9
Uncleared cash disbursements	9.2		9.1
Accrued income taxes and taxes payable	8.2		5.2
Accrued annual contribution to VEBAs	—		13.7
Accrued contingent contribution to Union VEBA - Note 5	15.5		—
Short-term environmental accruals – Note 7	2.2		2.3
Accrued interest	10.3		3.7
Short-term deferred revenue	0.2		0.2
Other	3.5		3.7
Total	$	157.2	$	132.8

Long-Term Liabilities
Derivative liabilities – Notes 8 and 9	$	2.6	$	1.9
Income tax liabilities	2.3		2.4
Workers’ compensation accruals	21.0		21.5
Long-term environmental accruals – Note 7	17.2		17.0
Long-term asset retirement obligations	4.6		4.4
Deferred compensation liabilities	7.6		7.2
Long-term deferred revenue	0.5		0.5
Long-term capital leases	0.1		0.1
Long-term portion of contingent contribution to Union VEBA – Note 5	29.9		—
Other long-term liabilities	3.3		3.3
Total	$	89.1	$	58.3