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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 54.3 $ 177.7
Short-term investments 30.0 114.0
Receivables:    
Trade receivables – net 138.6 129.3
Other 5.9 10.9
Inventories 217.3 214.7
Prepaid expenses and other current assets 100.4 178.6
Total current assets 546.5 825.2
Property, plant and equipment – net 464.5 454.9
Net assets of Union VEBA 0.0 340.1
Deferred tax assets – net (including deferred tax liability relating to the Union VEBA of $0.0 and $127.0 at June 30, 2015 and December 31, 2014, respectively) 148.7 30.9
Intangible assets – net 31.3 32.1
Goodwill 37.2 37.2
Other assets 23.1 23.3
Total 1,251.3 1,743.7
Current liabilities:    
Accounts payable 77.4 81.4
Accrued salaries, wages and related expenses 34.4 39.6
Other accrued liabilities 51.6 132.8
Current portion of long-term debt 0.0 172.5
Short-term capital leases 0.1 0.1
Total current liabilities 163.5 426.4
Net liabilities of Salaried VEBA 16.4 17.2
Deferred tax liabilities 0.8 0.9
Long-term liabilities 86.8 58.3
Long-term debt 225.0 225.0
Total liabilities $ 492.5 $ 727.8
Commitments and contingencies – Note 7    
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both June 30, 2015 and December 31, 2014; no shares were issued and outstanding at June 30, 2015 and December 31, 2014 $ 0.0 $ 0.0
Common stock, par value $0.01, 90,000,000 shares authorized at both June 30, 2015 and at December 31, 2014; 21,277,185 shares issued and 17,134,818 shares outstanding at June 30, 2015; 21,197,164 shares issued and 17,607,251 shares outstanding at December 31, 2014 0.2 0.2
Additional paid in capital 1,031.4 1,028.5
(Accumulated deficit) retained earnings (5.4) 280.4
Treasury stock, at cost, 4,142,367 shares at June 30, 2015 and 3,589,913 shares at December 31, 2014, respectively (238.6) (197.1)
Accumulated other comprehensive loss (28.8) (96.1)
Total stockholders’ equity 758.8 1,015.9
Total $ 1,251.3 $ 1,743.7