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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 14.8 $ 16.8
Trade receivables, net of allowance of $0.3 in 2020 and $0.3 in 2019 72.7 90.0
Inventories, net 114.1 113.4
Prepaid and other current assets 52.0 51.8
Total current assets 253.6 272.0
Investments 2.4 2.2
Property, plant and equipment, net of accumulated depreciation of $217.1 in 2020 and $202.2 in 2019 533.6 468.8
Deferred income taxes 0.0 1.5
Right of use assets - operating leases, net 16.2 16.9
Other assets 97.3 91.5
Total assets 903.1 852.9
Current liabilities    
Accounts payable, trade and other 42.4 83.1
Accrued and other current liabilities 33.8 36.4
Operating lease liabilities - current 2.0 2.1
Income taxes 0.0 0.9
Total current liabilities 78.2 122.5
Long-term debt 224.1 154.6
Operating lease liabilities - long-term 14.3 15.4
Environmental liabilities 6.4 6.4
Deferred income taxes 1.6 0.0
Other long-term liabilities 11.9 10.0
Commitments and contingent liabilities (Note 12)
Total current and long-term liabilities 336.5 308.9
Equity    
Common stock; $0.001 par value; 2 billion shares authorized in 2018; 146,410,139 and 146,085,696 shares issued; 146,302,517 and 145,981,684 outstanding at September 30, 2020 and December 31, 2019, respectively 0.1 0.1
Capital in excess of par value of common stock 551.7 516.4
Retained earnings 62.7 76.6
Accumulated other comprehensive loss (47.1) (48.3)
Treasury stock, common; 107,622 and 104,012 shares at September 30, 2020 and December 31, 2019, respectively (0.8) (0.8)
Total equity 566.6 544.0
Total liabilities and equity $ 903.1 $ 852.9