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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 10.2 $ 52.9
Receivables, less allowances for credit losses of $25.5 million at March 31, 2024, and $25.7 million at December 31, 2023 302.7 316.2
Inventories 180.6 178.8
Prepaid expenses and other current assets 56.3 39.8
Total current assets 549.8 587.7
Property, plant and equipment—net 601.8 620.6
Operating lease right-of-use assets—net 91.8 96.6
Goodwill 100.3 103.0
Other intangible assets—net 17.7 21.8
Other long-term assets 62.3 80.0
Total assets 1,423.7 1,509.7
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable 359.8 373.6
Other current liabilities 174.0 237.6
Short-term debt and current portion of long-term debt 71.5 151.7
Current portion of finance lease obligations 2.4 2.5
Current portion of operating lease obligations 23.6 25.4
Total current liabilities 631.3 790.8
Long-term debt 473.9 362.5
Finance lease obligations 6.0 6.0
Operating lease obligations 74.6 77.2
Deferred income taxes 5.9 5.1
Other long-term liabilities 142.8 148.6
Total liabilities 1,334.5 1,390.2
Commitments and contingencies (Note 7)
Shareholders’ equity    
Preferred stock 0.0 0.0
Additional paid-in capital 838.0 842.7
Treasury stock, at cost (28.7) (33.1)
Accumulated deficit (604.6) (573.9)
Accumulated other comprehensive loss (116.9) (117.6)
Total shareholders’ equity 89.2 119.5
Total liabilities and shareholders’ equity 1,423.7 1,509.7
Common Class A    
Shareholders’ equity    
Common stock 1.0 1.0
Common Class B    
Shareholders’ equity    
Common stock 0.4 0.4
Common Class C    
Shareholders’ equity    
Common stock $ 0.0 $ 0.0