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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 484.6 $ 853.9
Accounts receivable, net 552.5 512.0
Inventories 377.0 434.7
Other current assets 124.0 135.8
Total current assets 1,538.1 1,936.4
Property, plant and equipment 2,985.8 2,738.0
Less: accumulated depreciation and amortization 1,404.2 1,324.7
Property, plant and equipment, net 1,581.6 1,413.3
Operating lease right-of-use assets 104.5 99.2
Investments in affiliated companies 202.1 210.0
Goodwill 106.0 108.5
Intangible assets, net 10.8 15.1
Deferred income taxes 26.0 25.7
Other noncurrent assets 74.3 21.3
Total Assets 3,643.4 3,829.5
Current liabilities:    
Notes payable and other current debt 0.0 134.0
Accounts payable 239.3 242.4
Accrued salaries, wages and benefits 73.5 105.9
Income taxes payable 31.5 16.6
Operating lease liabilities 17.9 17.7
Other current liabilities 188.2 155.2
Total current liabilities 550.4 671.8
Long-term debt 202.6 72.8
Deferred income taxes 20.5 12.7
Pension and other postretirement benefits 28.2 29.6
Operating lease liabilities 81.8 84.5
Deferred compensation benefits 15.4 18.6
Other long-term liabilities 62.2 58.5
Total Liabilities 961.1 948.5
Commitments and contingencies (Note 18)
Equity:    
Preferred stock, 3.0 million shares authorized; 0.0 shares issued and outstanding in 2024 and 2023 0.0 0.0
Common stock, par value $0.25 per share; 200 million shares authorized; shares issued: 75.3 million in 2024 and 2023; shares outstanding: 72.3 million and 73.5 million in 2024 and 2023 18.8 18.8
Capital in excess of par value 22.1 120.2
Retained earnings 3,956.6 3,523.4
Accumulated other comprehensive loss (258.1) (143.8)
Treasury stock, at cost (3.0 million and 1.8 million shares in 2024 and 2023) (1,057.1) (637.6)
Total Equity 2,682.3 2,881.0
Total Liabilities and Equity $ 3,643.4 $ 3,829.5