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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 630.9 $ 735.6
Accounts receivable, net 667.2 617.6
Inventories, net of inventory valuation reserves 769.3 893.2
Other current assets 278.4 85.5
Total current assets 2,345.8 2,331.9
Property, plant and equipment:    
Property, plant and equipment 5,458.8 4,948.4
Less: accumulated depreciation (2,227.7) (2,008.4)
Property, plant and equipment, net 3,231.1 2,940.0
Operating lease right-of-use assets 74.5 92.2
Goodwill 475.3 475.3
Other intangibles, net 409.3 321.6
Equity method investments 419.6 392.9
Other non-current assets 125.3 111.9
Total assets 7,080.9 6,665.8
Current liabilities:    
Accounts payable 1,755.2 1,813.8
Current portion of long-term debt 9.5 9.5
Current portion of operating lease liabilities 30.2 43.2
Accrued expenses and other current liabilities 920.3 649.5
Total current liabilities 2,715.2 2,516.0
Non-current liabilities:    
Long-term debt, net of current portion 3,167.8 2,755.7
Obligation under Inventory Intermediation Agreement 331.2 408.7
Environmental liabilities, net of current portion 31.3 33.3
Asset retirement obligations 33.0 24.7
Deferred tax liabilities 213.9 214.8
Operating lease liabilities, net of current portion 47.0 54.8
Other non-current liabilities 96.7 82.6
Total non-current liabilities 3,920.9 3,574.6
Stockholders’ equity:    
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued and outstanding 0.0 0.0
Common stock, $0.01 par value, 110,000,000 shares authorized, 77,567,217 shares and 80,127,994 shares issued at September 30, 2025 and December 31, 2024, respectively 0.8 0.8
Additional paid-in capital 1,241.5 1,215.9
Accumulated other comprehensive loss (4.2) (4.1)
Treasury stock, 17,575,527 shares, at cost, at September 30, 2025 and December 31, 2024, respectively (694.1) (694.1)
Retained earnings (363.1) (205.7)
Non-controlling interests in subsidiaries 263.9 262.4
Total stockholders’ equity 444.8 575.2
Total liabilities and stockholders’ equity $ 7,080.9 $ 6,665.8