CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2016	Jun. 30, 2015
Current assets:
Cash and cash equivalents	$ 23.4	$ 70.0
Accounts receivable, net	271.0	304.1
Inventories	649.4	655.8
Deferred income taxes	7.5	3.3
Other current assets	64.8	37.2
Total current assets	1,016.1	1,070.4
Property, plant and equipment, net	1,347.7	1,397.0
Goodwill	244.8	257.4
Other intangibles, net	64.9	71.6
Other assets	113.0	109.5
Total assets	2,786.5	2,905.9
Current liabilities:
Short-term debt	25.0	0.0
Accounts payable	152.9	169.5
Accrued liabilities	137.2	152.6
Total current liabilities	315.1	322.1
Long-term debt	612.9	607.1
Accrued pension liabilities	358.4	334.1
Accrued postretirement benefits	106.7	111.2
Deferred income taxes	147.6	146.5
Other liabilities	58.8	59.0
Total liabilities	$ 1,599.5	$ 1,580.0
Contingencies and commitments
STOCKHOLDERS’ EQUITY
Common stock — authorized 100,000,000 shares; issued 55,245,681 shares at March 31, 2016 and 55,234,942 shares at June 30, 2015; outstanding 46,582,834 shares at March 31, 2016 and 50,318,244 shares at June 30, 2015	$ 276.2	$ 276.2
Capital in excess of par value	272.9	266.6
Reinvested earnings	1,302.5	1,332.4
Common stock in treasury (8,662,847 shares and 4,916,698 shares at March 31, 2016 and June 30, 2015, respectively), at cost	(344.2)	(221.1)
Accumulated other comprehensive loss	(320.4)	(328.2)
Total stockholders' equity	1,187.0	1,325.9
Total liabilities and stockholders' equity	$ 2,786.5	$ 2,905.9