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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 735.6 $ 821.8
Accounts receivable, net 617.6 783.7
Inventories, net of inventory valuation reserves 893.2 941.2
Current assets of discontinued operations 0.0 41.5
Other current assets 85.5 77.8
Total current assets 2,331.9 2,666.0
Property, plant and equipment:    
Property, plant and equipment 4,948.4 4,460.3
Less: accumulated depreciation (2,008.4) (1,764.0)
Property, plant and equipment, net 2,940.0 2,696.3
Operating lease right-of-use assets 92.2 121.5
Goodwill 475.3 687.5
Other intangibles, net 321.6 287.7
Equity method investments 392.9 360.7
Non-current assets of discontinued operations 0.0 228.1
Other non-current assets 111.9 124.0
Total assets 6,665.8 7,171.8
Current liabilities:    
Accounts payable 1,813.8 1,814.3
Current portion of long-term debt 9.5 44.5
Current portion of obligation under Inventory Intermediation Agreement 0.0 0.4
Current portion of operating lease liabilities 43.2 50.1
Current liabilities of discontinued operations 0.0 11.5
Accrued expenses and other current liabilities 649.5 764.3
Total current liabilities 2,516.0 2,685.1
Non-current liabilities:    
Long-term debt, net of current portion 2,755.7 2,555.3
Obligation under Inventory Intermediation Agreement 408.7 407.2
Environmental liabilities, net of current portion 33.3 110.9
Asset retirement obligations 24.7 36.4
Deferred tax liabilities 214.8 264.1
Operating lease liabilities, net of current portion 54.8 85.7
Non-current liabilities of discontinued operations 0.0 34.3
Other non-current liabilities 82.6 33.1
Total non-current liabilities 3,574.6 3,527.0
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, 80,127,994 shares and 81,539,871 shares issued at December 31, 2024 and December 31, 2023, respectively 0.8 0.8
Additional paid-in capital 1,215.9 1,113.6
Accumulated other comprehensive loss (4.1) (4.8)
Treasury stock, 17,575,527 shares, at cost, at December 31, 2024 and December 31, 2023, respectively (694.1) (694.1)
Retained earnings (205.7) 430.0
Non-controlling interests in subsidiaries 262.4 114.2
Total stockholders’ equity 575.2 959.7
Total liabilities and stockholders’ equity $ 6,665.8 $ 7,171.8