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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 129.3 $ 303.2
Receivables:    
Trade receivables, net 311.5 332.7
Other 56.9 53.0
Contract assets 51.0 63.2
Inventories 538.1 404.6
Prepaid expenses and other current assets 40.9 48.7
Total current assets 1,127.7 1,205.4
Property, plant and equipment, net 989.6 955.2
Operating lease assets 41.4 46.2
Deferred tax assets, net 6.6 3.4
Intangible assets, net 56.7 67.7
Goodwill 39.3 39.3
Other assets 112.3 105.2
Total 2,373.6 2,422.4
Current liabilities:    
Accounts payable 337.3 351.4
Accrued salaries, wages and related expenses 42.4 46.9
Other accrued liabilities 88.5 58.4
Total current liabilities 468.2 456.7
Long-term portion of operating lease liabilities 37.3 40.8
Pension and other postretirement benefits 91.8 92.5
Net liabilities of Salaried VEBA 19.8 20.6
Deferred tax liabilities 4.7 10.5
Long-term liabilities 72.2 72.5
Long-term debt 1,037.6 1,036.3
Total liabilities 1,731.6 1,729.9
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both September 30, 2022 and December 31, 2021; no shares were issued and outstanding at September 30, 2022 and December 31, 2021
Common stock, par value $0.01, 90,000,000 shares authorized at both September 30, 2022 and December 31, 2021; 22,775,866 shares issued and 15,940,580 shares outstanding at September 30, 2022; 22,700,404 shares issued and 15,865,118 shares outstanding at December 31, 2021 0.2 0.2
Additional paid in capital 1,087.2 1,078.9
Retained earnings 52.2 93.0
Treasury stock, at cost, 6,835,286 shares at both September 30, 2022 and December 31, 2021 (475.9) (475.9)
Accumulated other comprehensive loss (21.7) (3.7)
Total stockholders’ equity 642.0 692.5
Total $ 2,373.6 $ 2,422.4