Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 141.8	$ 105.3
Trade and other accounts receivable (less allowances of $5.1 million and $4.5 million, respectively)	284.5	221.4
Inventories (less allowances of $25.4 million and $19.4 million, respectively):
Finished goods	188.3	156.3
Raw materials	89.3	63.7
Total inventories	277.6	220.0
Prepaid expenses	18.0	14.9
Prepaid income taxes	5.8	4.2
Other current assets	0.4	0.4
Total current assets	728.1	566.2
Net property, plant and equipment	214.4	210.8
Operating leases right-of-use assets	35.4	40.1
Goodwill	364.3	371.2
Other intangible assets	57.5	75.3
Deferred tax assets	6.4	7.6
Pension asset	159.8	118.0
Other non-current assets	5.0	8.2
Total assets	1,570.9	1,397.4
Current liabilities:
Accounts payable	148.7	98.7
Accrued liabilities	166.5	129.8
Current portion of finance leases	0.1	0.5
Current portion of operating lease liabilities	12.4	11.3
Current portion of plant closure provisions	5.2	6.6
Current portion of accrued income taxes	3.7	5.5
Total current liabilities	336.6	252.4
Finance leases, net of current portion	0.0	0.1
Operating lease liabilities, net of current portion	23.1	28.9
Plant closure provisions, net of current portion	51.3	51.9
Accrued income taxes, net of current portion	30.6	32.4
Unrecognized tax benefits, net of current portion	16.3	16.0
Deferred tax liabilities	60.8	46.9
Pension liabilities and post-employment benefits	17.8	20.5
Other non-current liabilities	1.4	3.4
Equity:
Common stock, $0.01 par value, authorized 40,000,000 shares, issued 29,554,500 shares	0.3	0.3
Additional paid-in capital	346.7	336.1
Treasury stock (4,780,806 and 4,958,599 shares at cost, respectively)	(90.6)	(93.3)
Retained earnings	822.9	758.6
Accumulated other comprehensive loss	(46.9)	(57.3)
Total Innospec stockholders' equity	1,032.4	944.4
Non-controlling interest	0.6	0.5
Total equity	1,033.0	944.9
Total liabilities and equity	$ 1,570.9	$ 1,397.4