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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 849.0 $ 955.3
Accounts receivable, net 480.4 792.6
Inventories, net of inventory valuation reserves 653.5 946.7
Other current assets 390.0 268.7
Total current assets 2,372.9 2,963.3
Property, plant and equipment:    
Property, plant and equipment 3,514.9 3,362.8
Less: accumulated depreciation (1,031.5) (934.5)
Property, plant and equipment, net 2,483.4 2,428.3
Operating lease right-of-use assets 183.9 183.6
Goodwill 855.7 855.7
Other intangibles, net 110.0 110.3
Equity method investments 367.3 407.3
Other non-current assets 64.4 67.8
Total assets 6,437.6 7,016.3
Current liabilities:    
Accounts payable 1,004.2 1,599.7
Current portion of long-term debt 33.4 36.4
Obligation under Supply and Offtake Agreements 99.0 332.5
Current portion of operating lease liabilities 43.4 40.5
Accrued expenses and other current liabilities 409.3 346.8
Total current liabilities 1,589.3 2,355.9
Non-current liabilities:    
Long-term debt, net of current portion 2,421.5 2,030.7
Obligation Under Supply And Offtake Agreements, Noncurrent 215.0 144.8
Environmental liabilities, net of current portion 106.3 137.9
Asset retirement obligations 36.8 68.6
Deferred tax liabilities 335.4 267.9
Operating lease liabilities, net of current portion 140.2 144.3
Other non-current liabilities 33.8 30.9
Total non-current liabilities 3,289.0 2,825.1
Stockholders’ equity:    
Preferred stock, $0.01 par value, 11,000,000 shares and 10,000,000 shares authorized at June 30,2020 and December 31, 2019, respectively, no shares issued and outstanding 0.0 0.0
Common stock, $0.01 par value, 110,000,000 shares authorized, 91,232,964 shares and 90,987,025 shares issued at June 30, 2020 and December 31, 2019, respectively 0.9 0.9
Additional paid-in capital 1,160.1 1,151.9
Accumulated other comprehensive income 0.5 0.1
Treasury stock, 17,575,527 shares and 17,516,814 shares, at cost, as of June 30, 2020 and December 31, 2019, respectively (694.1) (692.2)
Retained earnings 926.4 1,205.6
Non-controlling interests in subsidiaries 165.5 169.0
Total stockholders’ equity 1,559.3 1,835.3
Total liabilities and stockholders’ equity $ 6,437.6 $ 7,016.3