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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 17.2 $ 16.8
Trade receivables, net of allowance of $0.3 in 2020 and $0.3 in 2019 55.7 90.0
Inventories, net 117.0 113.4
Prepaid and other current assets 49.7 51.8
Total current assets 239.6 272.0
Investments 2.4 2.2
Property, plant and equipment, net of accumulated depreciation of $209.4 in 2020 and $202.2 in 2019 528.5 468.8
Deferred income taxes 0.0 1.5
Right of use assets - operating leases, net 16.5 16.9
Other assets 99.1 91.5
Total assets 886.1 852.9
Current liabilities    
Accounts payable, trade and other 31.2 83.1
Accrued and other current liabilities 35.6 36.4
Operating lease liabilities - current 2.0 2.1
Income taxes 0.0 0.9
Total current liabilities 68.8 122.5
Long-term debt 208.7 154.6
Operating lease liabilities - long-term 14.7 15.4
Environmental liabilities 6.4 6.4
Deferred income taxes 5.0 0.0
Other long-term liabilities 11.3 10.0
Commitments and contingent liabilities (Note 12)
Total current and long-term liabilities 314.9 308.9
Equity    
Common stock; $0.001 par value; 2 billion shares authorized in 2018; 146,360,433 and 146,085,696 shares issued; 146,251,597 and 145,981,684 outstanding at June 30, 2020 and December 31, 2019, respectively 0.1 0.1
Capital in excess of par value of common stock 547.5 516.4
Retained earnings 74.5 76.6
Accumulated other comprehensive loss (50.1) (48.3)
Treasury stock, common; 108,836 and 104,012 shares at June 30, 2020 and December 31, 2019, respectively (0.8) (0.8)
Total equity 571.2 544.0
Total liabilities and equity $ 886.1 $ 852.9