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Supplemental Balance Sheet Information
6 Months Ended
Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Balance Sheet Information
 
June 30, 2017
 
December 31, 2016
 
(In millions of dollars)
Cash and Cash Equivalents
 
 
 
Cash and money market funds
$
30.7

 
$
37.9

Commercial paper
26.4

 
17.3

Total
$
57.1

 
$
55.2

 
 
 
 
Trade Receivables, Net
 
 
 
Billed trade receivables
$
146.4

 
$
138.2

Unbilled trade receivables
0.3

 
0.3

Trade receivables, gross
146.7

 
138.5

Allowance for doubtful receivables
(1.1
)
 
(0.8
)
Trade receivables, net
$
145.6

 
$
137.7

 
 
 
 
Inventories
 
 
 
Finished products
$
60.7

 
$
73.8

Work-in-process
81.2

 
71.7

Raw materials
53.4

 
51.1

Operating supplies
4.6

 
5.0

Total
$
199.9

 
$
201.6

 
 
 
 
Property, Plant and Equipment, Net
 
 
 
Land and improvements
$
22.8

 
$
22.7

Buildings and leasehold improvements
90.0

 
88.6

Machinery and equipment
625.0

 
615.1

Construction in progress
62.4

 
34.8

Property, plant and equipment, gross
800.2

 
761.2

Accumulated depreciation
(248.4
)
 
(230.6
)
Assets held for sale
0.3

 
0.3

Property, plant and equipment, net
$
552.1

 
$
530.9

 
 
 
 
 
June 30, 2017
 
December 31, 2016
 
(In millions of dollars)
Other Accrued Liabilities
 
 
 
Uncleared cash disbursements
$
8.2

 
$
5.8

Accrued income taxes and taxes payable
7.7

 
4.3

Accrued annual contribution to VEBAs
11.5

 
20.0

Accrued interest
2.9

 
2.9

Other
7.2

 
7.1

Total
$
37.5

 
$
40.1

 
 
 
 
Long-Term Liabilities
 
 
 

Workers' compensation accruals
$
24.5

 
$
25.0

Long-term environmental accrual – Note 8
15.8

 
15.8

Long-term portion of contingent contribution to Union VEBA – Note 6

 
12.8

Other long-term liabilities
20.8

 
19.6

Total
$
61.1

 
$
73.2

Supplemental Balance Sheet Information
 
June 30, 2017
 
December 31, 2016
 
(In millions of dollars)
Cash and Cash Equivalents
 
 
 
Cash and money market funds
$
30.7

 
$
37.9

Commercial paper
26.4

 
17.3

Total
$
57.1

 
$
55.2

 
 
 
 
Trade Receivables, Net
 
 
 
Billed trade receivables
$
146.4

 
$
138.2

Unbilled trade receivables
0.3

 
0.3

Trade receivables, gross
146.7

 
138.5

Allowance for doubtful receivables
(1.1
)
 
(0.8
)
Trade receivables, net
$
145.6

 
$
137.7

 
 
 
 
Inventories
 
 
 
Finished products
$
60.7

 
$
73.8

Work-in-process
81.2

 
71.7

Raw materials
53.4

 
51.1

Operating supplies
4.6

 
5.0

Total
$
199.9

 
$
201.6

 
 
 
 
Property, Plant and Equipment, Net
 
 
 
Land and improvements
$
22.8

 
$
22.7

Buildings and leasehold improvements
90.0

 
88.6

Machinery and equipment
625.0

 
615.1

Construction in progress
62.4

 
34.8

Property, plant and equipment, gross
800.2

 
761.2

Accumulated depreciation
(248.4
)
 
(230.6
)
Assets held for sale
0.3

 
0.3

Property, plant and equipment, net
$
552.1

 
$
530.9

 
 
 
 
 
June 30, 2017
 
December 31, 2016
 
(In millions of dollars)
Other Accrued Liabilities
 
 
 
Uncleared cash disbursements
$
8.2

 
$
5.8

Accrued income taxes and taxes payable
7.7

 
4.3

Accrued annual contribution to VEBAs
11.5

 
20.0

Accrued interest
2.9

 
2.9

Other
7.2

 
7.1

Total
$
37.5

 
$
40.1

 
 
 
 
Long-Term Liabilities
 
 
 

Workers' compensation accruals
$
24.5

 
$
25.0

Long-term environmental accrual – Note 8
15.8

 
15.8

Long-term portion of contingent contribution to Union VEBA – Note 6

 
12.8

Other long-term liabilities
20.8

 
19.6

Total
$
61.1

 
$
73.2