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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 238.5 $ 259.6
Accounts receivable, net of allowances (2022 - $2.4 million; 2021 - $1.9 million) Inventories, net 159.9 100.5
Inventories, net 261.8 210.9
Deferred charges and prepaid expenses 3.4 3.9
Assets held for sale 4.3 4.3
Other current assets 1.7 3.1
Total Current Assets 669.6 582.3
Property, plant and equipment, net 489.7 510.2
Operating lease right-of-use assets 13.2 14.5
Pension assets 37.2 43.1
Intangible assets, net 5.8 6.7
Other non-current assets 1.8 2.1
Total Assets 1,217.3 1,158.9
Current Liabilities    
Accounts payable 187.5 141.9
Salaries, wages and benefits 30.5 37.9
Accrued pension and postretirement costs 2.6 4.3
Current operating lease liabilities 5.8 5.7
Current convertible notes, net 20.4 44.9
Other current liabilities 13.2 16.1
Total Current Liabilities 260.0 250.8
Non-Current Liabilities    
Credit Agreement 0.0 0.0
Non-current operating lease liabilities 7.4 8.8
Accrued pension and postretirement costs 169.8 223.0
Deferred income taxes 2.0 2.2
Other non-current liabilities 9.2 9.5
Total Liabilities 448.4 494.3
Shareholders’ Equity    
Preferred shares, without par value; authorized 10.0 million shares, none issued 0.0 0.0
Common shares, without par value; authorized 200.0 million shares; issued 2022 - 47.1 million shares and 2021 - 46.3 million shares 0.0 0.0
Additional paid-in capital 843.9 832.1
Retained deficit (76.6) (188.2)
Treasury shares - 2022 - 0.7 million; 2021 - None (14.1) 0.0
Accumulated other comprehensive income (loss) 15.7 20.7
Total Shareholders' Equity 768.9 664.6
Total Liabilities and Shareholders’ Equity $ 1,217.3 $ 1,158.9