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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 446.2 $ 853.9
Accounts receivable, net 479.4 512.0
Inventories 419.2 434.7
Other current assets 138.2 135.8
Total current assets 1,483.0 1,936.4
Property, plant and equipment 2,863.6 2,738.0
Less: accumulated depreciation and amortization 1,369.9 1,324.7
Property, plant and equipment, net 1,493.7 1,413.3
Operating lease right-of-use assets 110.3 99.2
Investments in affiliated companies 198.2 210.0
Goodwill 107.3 108.5
Intangible assets, net 12.9 15.1
Deferred income taxes 33.9 25.7
Other noncurrent assets 50.1 21.3
Total Assets 3,489.4 3,829.5
Current liabilities:    
Notes payable and other current debt 132.9 134.0
Accounts payable 211.7 242.4
Accrued salaries, wages and benefits 82.9 105.9
Income taxes payable 16.9 16.6
Operating lease liabilities 20.3 17.7
Other current liabilities 169.0 155.2
Total current liabilities 633.7 671.8
Long-term debt 72.9 72.8
Deferred income taxes 13.7 12.7
Pension and other postretirement benefits 29.1 29.6
Operating lease liabilities 84.6 84.5
Deferred compensation benefits 15.5 18.6
Other long-term liabilities 63.1 58.5
Total Liabilities 912.6 948.5
Commitments and contingencies (Note 16)
Equity:    
Preferred stock, 3.0 million shares authorized; 0 shares issued and outstanding 0.0 0.0
Common stock, par value $0.25 per share; 200.0 million shares authorized; shares issued: 75.3 million and 75.3 million as of June 30,2024 and December 31, 2023, respectively; shares outstanding: 72.6 million and 73.5 million as of June 30, 2024 and December 31, 2023, respectively 18.8 18.8
Capital in excess of par value 33.5 120.2
Retained earnings 3,720.9 3,523.4
Accumulated other comprehensive loss (216.9) (143.8)
Treasury stock, at cost (2.7 million and 1.8 million shares) (979.5) (637.6)
Total Equity 2,576.8 2,881.0
Total Liabilities and Equity $ 3,489.4 $ 3,829.5