Supplemental Balance Sheet Information

6 Months Ended

Jun. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Balance Sheet Information

Supplemental Balance Sheet Information

	June 30, 2016			December 31, 2015
	(In millions of dollars)
Cash and Cash Equivalents
Cash and money market funds	$	50.6		$	40.3
Commercial paper	144.7			32.2
Total	$	195.3		$	72.5
Trade Receivables – Net
Billed trade receivables	$	135.2		$	116.8
Unbilled trade receivables	0.2			0.7
Trade receivables, gross	135.4			117.5
Allowance for doubtful receivables	(0.8		)	(0.8		)
Trade receivables – net	$	134.6		$	116.7
Inventories
Finished products	$	65.2		$	79.5
Work-in-process	78.8			63.6
Raw materials	49.9			53.4
Operating supplies and repair and maintenance parts	23.6			23.1
Total	$	217.5		$	219.6
Prepaid Expenses and Other Current Assets
Current derivative assets – Notes 8 and 9	$	4.6		$	1.5
Current deferred tax assets – Note 1	—			49.6
Prepaid taxes	2.2			—
Prepaid insurance	2.1			1.9
Short-term restricted cash	0.3			0.3
Other	3.6			3.4
Total	$	12.8		$	56.7

	June 30, 2016			December 31, 2015
	(In millions of dollars)
Property, Plant and Equipment – Net
Land and improvements	$	22.7		$	22.7
Buildings and leasehold improvements	83.6			71.8
Machinery and equipment	573.8			549.0
Construction in progress	45.7			48.5
Property, plant and equipment – gross	725.8			692.0
Accumulated depreciation	(213.4		)	(196.9		)
Assets held for sale	0.3			0.3
Property, plant and equipment – net	$	512.7		$	495.4
Other Assets
Restricted cash	$	11.0		$	10.9
Debt issuance costs on Revolving Credit Facility	1.1			1.3
Deferred compensation plan assets	7.8			7.3
Derivative assets – Notes 8 and 9	0.8			0.1
Total	$	20.7		$	19.6
Other Accrued Liabilities
Current derivative liabilities – Notes 8 and 9	$	4.3		$	14.1
Uncleared cash disbursements	7.8			8.0
Accrued income taxes and taxes payable	6.7			3.1
Accrued annual contribution to VEBAs	—			19.6
Accrued contingent contribution to Union VEBA – Note 5	17.1			—
Short-term environmental accrual – Note 7	1.4			1.6
Accrued interest	3.1			1.5
Short-term deferred revenue	0.2			1.2
Other	3.6			3.6
Total	$	44.2		$	52.7
Long-Term Liabilities
Derivative liabilities – Notes 8 and 9	$	0.7		$	2.1
Income tax liabilities	0.8			0.7
Workers' compensation accruals	24.0			21.7
Long-term environmental accrual – Note 7	16.4			17.0
Long-term asset retirement obligations	5.0			4.8
Deferred compensation liability	8.0			7.7
Long-term deferred revenue	0.2			0.3
Long-term capital leases	0.1			0.1
Long-term portion of contingent contribution to Union VEBA – Note 5	12.8			29.9
Other long-term liabilities	3.4			3.2
Total	$	71.4		$	87.5