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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 183.3 $ 559.7
Restricted cash 6.1 41.1
Accounts and notes receivable, net 887.7 892.3
Inventories 680.5 681.8
Other current assets 101.8 90.8
Assets held for sale 708.5 0.0
Total current assets 2,567.9 2,265.7
Investments and long-term receivables 33.7 31.3
Property, plant & equipment, net 8,148.6 8,461.5
Operating lease right-of-use assets, net 521.5 526.4
Goodwill 3,780.9 3,788.1
Other intangible assets, net 1,489.0 1,883.0
Other noncurrent assets 158.8 148.8
Total assets 16,700.4 17,104.8
Liabilities    
Current maturities of long-term debt 0.4 400.5
Trade payables and accruals 438.5 407.0
Accrued salaries, wages and management incentives 130.7 124.0
Accrued interest 24.4 31.4
Other current liabilities 332.8 276.2
Liabilities held for sale 29.3 0.0
Total current liabilities 956.1 1,239.1
Long-term debt 4,361.7 4,906.9
Deferred income taxes, net 1,358.3 1,336.5
Pension and other postretirement benefits 64.2 75.2
Asset retirement obligations 456.5 427.4
Deferred revenue 130.6 137.8
Noncurrent operating lease liabilities 522.6 521.4
Other noncurrent liabilities 301.5 318.0
Total liabilities 8,151.5 8,962.3
Other commitments and contingencies (Note 12)
Equity    
Common stock, $1 par value, Authorized 480.0 shares, Outstanding 130.6 and 132.1 shares, respectively 130.6 132.1
Capital in excess of par value 2,930.0 2,900.1
Retained earnings 5,590.1 5,213.8
Accumulated other comprehensive loss (125.6) (127.4)
Total shareholders' equity 8,525.1 8,118.6
Noncontrolling interest 23.8 23.9
Total equity 8,548.9 8,142.5
Total liabilities and equity $ 16,700.4 $ 17,104.8