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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 404.2 $ 484.6
Accounts receivable, net 543.6 552.5
Inventories 388.7 377.0
Other current assets 121.0 124.0
Total current assets 1,457.5 1,538.1
Property, plant and equipment 3,005.4 2,985.8
Less: accumulated depreciation and amortization 1,373.7 1,404.2
Property, plant and equipment, net 1,631.7 1,581.6
Operating lease right-of-use assets 103.4 104.5
Investments in affiliated companies 211.9 202.1
Goodwill 107.5 106.0
Intangible assets, net 10.0 10.8
Deferred income taxes 26.0 26.0
Other noncurrent assets 70.2 74.3
Total Assets 3,618.2 3,643.4
Current liabilities:    
Accounts payable 228.4 239.3
Accrued salaries, wages and benefits 67.8 73.5
Income taxes payable 22.3 31.5
Operating lease liabilities 21.8 17.9
Other current liabilities 186.4 188.2
Total current liabilities 526.7 550.4
Long-term debt 202.6 202.6
Deferred income taxes 21.3 20.5
Pension and other postretirement benefits 28.6 28.2
Operating lease liabilities 78.8 81.8
Deferred compensation benefits 11.4 15.4
Other long-term liabilities 65.7 62.2
Total Liabilities 935.1 961.1
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: March 31, 2025 - 75.3 million, December 31, 2024 - 75.3 million; shares outstanding: March 31, 2025 - 71.8 million, December 31, 2024 - 72.3 million 18.8 18.8
Capital in excess of par value 1.8 22.1
Retained earnings 4,031.2 3,956.6
Accumulated other comprehensive loss (205.5) (258.1)
Treasury stock, at cost (March 31, 2025 - 3.5 million shares, December 31, 2024 - 3.0 million shares) (1,163.2) (1,057.1)
Total Equity 2,683.1 2,682.3
Total Liabilities and Equity $ 3,618.2 $ 3,643.4