Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 101.1	$ 112.4
Receivables, net of allowances of $20.2 million in 2016 and $23.0 million in 2015	664.5	715.4
Inventories	768.2	846.4
Prepaid expenses and other	65.4	66.2
Total current assets	1,599.2	1,740.4
Property, plant and equipment, net	529.3	563.2
Deferred income taxes	20.4	30.9
Goodwill	12.0	22.2
Intangible assets, net	28.3	36.6
Unconsolidated affiliated companies	9.0	8.4
Other non-current assets	43.4	52.9
Total assets	2,241.6	2,454.6
Current Liabilities:
Accounts payable	414.0	428.7
Accrued liabilities	419.6	352.5
Current portion of long-term debt	67.5	168.1
Total current liabilities	901.1	949.3
Long-term debt	871.1	911.6
Deferred income taxes	126.7	145.5
Other liabilities	173.8	187.1
Total liabilities	2,072.7	2,193.5
Commitments and Contingencies (See Note 19)
Redeemable noncontrolling interest	0.0	18.2
Total Equity:
Common stock, $0.01 par value, issued and outstanding shares: 2016 — 49,390,850 (net of 9,419,116 treasury shares) and 2015 — 48,908,227 (net of 9,901,739 treasury shares)	0.6	0.6
Additional paid-in capital	711.0	720.5
Treasury stock	(169.9)	(180.1)
Retained earnings (deficit)	(102.2)	27.2
Accumulated other comprehensive income (loss)	(286.4)	(340.2)
Total Company shareholders’ equity	153.1	228.0
Noncontrolling interest	15.8	14.9
Total equity	168.9	242.9
Total liabilities, redeemable noncontrolling interest and equity	$ 2,241.6	$ 2,454.6