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Supplemental Balance Sheet Information (Tables)
 6 Months Ended
Jun. 30, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Schedule of Supplemental Balance Sheet Information Supplemental Balance Sheet Information

 

 

 

As of June 30, 2022

 

 

As of December 31, 2021

 

 

 

(In millions of dollars)

 

Trade Receivables, Net

 

 

 

 

 

 

 

 

Billed trade receivables

 

$

351.7

 

 

$

333.5

 

Allowance for doubtful receivables

 

 

(0.6

)

 

 

(0.8

)

Trade receivables, net

 

$

351.1

 

 

$

332.7

 

 

 

 

 

 

 

 

 

 

Inventories1

 

 

 

 

 

 

 

 

Finished products

 

$

66.9

 

 

$

90.3

 

Work-in-process

 

 

160.3

 

 

 

162.2

 

Raw materials

 

 

230.2

 

 

 

143.0

 

Operating supplies

 

 

11.2

 

 

 

9.1

 

Total

 

$

468.6

 

 

$

404.6

 

 

 

 

 

 

 

 

 

 

Property, Plant and Equipment, Net

 

 

 

 

 

 

 

 

Land and improvements

 

$

26.4

 

 

$

26.0

 

Buildings and leasehold improvements

 

 

184.5

 

 

 

179.0

 

Machinery and equipment

 

 

1,171.7

 

 

 

1,151.5

 

Construction in progress2

 

 

99.8

 

 

 

75.3

 

Property, plant and equipment, gross

 

 

1,482.4

 

 

 

1,431.8

 

Accumulated depreciation and amortization

 

 

(526.5

)

 

 

(480.4

)

Assets held for sale

 

 

0.4

 

 

 

3.8

 

Property, plant and equipment, net

 

$

956.3

 

 

$

955.2

 

 

 

 

 

 

 

 

 

 

Other Accrued Liabilities

 

 

 

 

 

 

 

 

Uncleared cash disbursements

 

$

11.1

 

 

$

10.9

 

Accrued income taxes and other taxes payable

 

 

11.7

 

 

 

9.5

 

Accrued interest

 

 

9.9

 

 

 

9.9

 

Short-term environmental accrual – Note 6

 

 

2.8

 

 

 

2.6

 

Other – Note 4

 

 

51.8

 

 

 

25.5

 

Total

 

$

87.3

 

 

$

58.4

 

 

 

 

 

 

 

 

 

 

Long-Term Liabilities

 

 

 

 

 

 

 

 

Workers' compensation accrual

 

$

31.8

 

 

$

31.9

 

Long-term environmental accrual – Note 6

 

 

13.2

 

 

 

14.2

 

Other long-term liabilities

 

 

28.6

 

 

 

26.4

 

Total

 

$

73.6

 

 

$

72.5

 

 

 

1

At June 30, 2022 and December 31, 2021 the current cost of our inventory exceeded its stated last-in, first-out (“LIFO”) value by $204.5 million and $137.1 million, respectively.

2

Based on market conditions, we temporarily idled projects within Construction in progress totaling $20.5 million and $24.9 million as of June 30, 2022 and December 31, 2021, respectively, all of which are expected to resume at a future date.