Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 84.7	$ 101.1
Receivables, net of allowances of $19.2 million in 2017 and $20.2 million in 2016	714.2	664.5
Inventories	736.1	768.2
Prepaid expenses and other	60.0	65.4
Total current assets	1,595.0	1,599.2
Property, plant and equipment, net	530.3	529.3
Deferred income taxes	7.9	20.4
Goodwill	11.0	12.0
Intangible assets, net	23.3	28.3
Unconsolidated affiliated companies	0.2	9.0
Other non-current assets	67.6	43.4
Total assets	2,235.3	2,241.6
Current Liabilities:
Accounts payable	437.5	414.0
Accrued liabilities	308.8	419.6
Current portion of long-term debt	46.9	67.5
Total current liabilities	793.2	901.1
Long-term debt	1,038.8	871.1
Deferred income taxes	108.6	126.7
Other liabilities	162.9	173.8
Total liabilities	2,103.5	2,072.7
Commitments and Contingencies (See Note 19)
Total Equity:
Common stock, $0.01 par value, issued and outstanding shares: 2017 — 50,583,826 (net of 8,054,826 treasury shares), 2016 — 49,390,850 (net of 9,419,116 treasury shares)	0.6	0.6
Additional paid-in capital	706.6	711.0
Treasury stock	(151.9)	(169.9)
Retained earnings (deficit)	(195.3)	(102.2)
Accumulated other comprehensive income (loss)	(230.8)	(286.4)
Total Company shareholders’ equity	129.2	153.1
Noncontrolling interest	2.6	15.8
Total equity	131.8	168.9
Total liabilities and equity	$ 2,235.3	$ 2,241.6