CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2015	Jun. 30, 2015
Current assets:
Cash and cash equivalents	$ 21.1	$ 70.0
Accounts receivable, net	268.4	304.1
Inventories	687.7	655.8
Deferred income taxes	11.4	3.3
Other current assets	47.6	37.2
Total current assets	1,036.2	1,070.4
Property, plant and equipment, net	1,366.9	1,397.0
Goodwill	257.2	257.4
Other intangibles, net	67.6	71.6
Other assets	112.7	109.5
Total assets	2,840.6	2,905.9
Current liabilities:
Short-term debt	39.5	0.0
Accounts payable	140.2	169.5
Accrued liabilities	155.6	152.6
Total current liabilities	335.3	322.1
Long-term debt	608.4	607.1
Accrued pension liabilities	343.6	334.1
Accrued postretirement benefits	108.5	111.2
Deferred income taxes	154.7	146.5
Other liabilities	62.1	59.0
Total liabilities	$ 1,612.6	$ 1,580.0
Contingencies and commitments
STOCKHOLDERS’ EQUITY
Common stock — authorized 100,000,000 shares; issued 55,242,681 shares at December 31, 2015 and 55,234,942 shares at June 30, 2015; outstanding 47,605,180 shares at December 31, 2015 and 50,318,244 shares at June 30, 2015	$ 276.2	$ 276.2
Capital in excess of par value	271.4	266.6
Reinvested earnings	1,334.9	1,332.4
Common stock in treasury (7,637,501 shares and 4,916,698 shares at December 31, 2015 and June 30, 2015, respectively), at cost	(316.9)	(221.1)
Accumulated other comprehensive loss	(337.6)	(328.2)
Total stockholders' equity	1,228.0	1,325.9
Total liabilities and stockholders' equity	$ 2,840.6	$ 2,905.9