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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 235.2 $ 303.2
Receivables:    
Trade receivables, net 351.1 332.7
Other 49.5 53.0
Contract assets 93.9 63.2
Inventories 468.6 404.6
Prepaid expenses and other current assets 47.6 48.7
Total current assets 1,245.9 1,205.4
Property, plant and equipment, net 956.3 955.2
Operating lease assets 43.4 46.2
Deferred tax assets, net 6.3 3.4
Intangible assets, net 58.1 67.7
Goodwill 39.3 39.3
Other assets 112.4 105.2
Total 2,461.7 2,422.4
Current liabilities:    
Accounts payable 418.8 351.4
Accrued salaries, wages and related expenses 41.4 46.9
Other accrued liabilities 87.3 58.4
Total current liabilities 547.5 456.7
Long-term portion of operating lease liabilities 39.1 40.8
Pension and other postretirement benefits 90.4 92.5
Net liabilities of Salaried VEBA 20.0 20.6
Deferred tax liabilities 3.9 10.5
Long-term liabilities 73.6 72.5
Long-term debt 1,037.2 1,036.3
Total liabilities 1,811.7 1,729.9
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both June 30, 2022 and December 31, 2021; no shares were issued and outstanding at June 30, 2022 and December 31, 2021
Common stock, par value $0.01, 90,000,000 shares authorized at both June 30, 2022 and December 31, 2021; 22,757,348 shares issued and 15,922,062 shares outstanding at June 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 1,084.8 1,078.9
Retained earnings 62.2 93.0
Treasury stock, at cost, 6,835,286 shares at both June 30, 2022 and December 31, 2021 (475.9) (475.9)
Accumulated other comprehensive loss (21.3) (3.7)
Total stockholders’ equity 650.0 692.5
Total $ 2,461.7 $ 2,422.4