CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Dec. 31, 2016	Jun. 30, 2016
Current assets:
Cash and cash equivalents	$ 22.5	$ 82.0
Accounts receivable, net	250.0	253.6
Inventories	700.7	628.7
Other current assets	53.0	46.4
Total current assets	1,026.2	1,010.7
Property, plant and equipment, net	1,322.7	1,351.4
Goodwill	244.8	244.8
Other intangibles, net	59.9	63.2
Deferred income taxes	7.3	8.2
Other assets	116.5	116.0
Total assets	2,777.4	2,794.3
Current liabilities:
Short-term debt	25.0	0.0
Accounts payable	167.7	159.6
Accrued liabilities	119.4	139.2
Total current liabilities	312.1	298.8
Long-term debt	604.0	611.3
Accrued pension liabilities	405.3	509.3
Accrued postretirement benefits	117.8	116.6
Deferred income taxes	164.1	102.4
Other liabilities	43.8	51.0
Total liabilities	1,647.1	1,689.4
Total liabilities and stockholders' equity	2,777.4	2,794.3
Contingencies and commitments
STOCKHOLDERS’ EQUITY
Common stock — authorized 100,000,000 shares; issued 55,334,124 shares at December 31, 2016 and 55,254,569 shares at June 30, 2016; outstanding 46,717,339 shares at December 31, 2016 and 46,600,125 shares at June 30, 2016	276.7	276.3
Capital in excess of par value	280.2	273.5
Reinvested earnings	1,292.7	1,308.9
Common stock in treasury (8,616,785 shares and 8,654,444 shares at December 31, 2016 and June 30, 2016, respectively), at cost	(342.4)	(343.9)
Accumulated other comprehensive loss	(376.9)	(409.9)
Total stockholders' equity	$ 1,130.3	$ 1,104.9

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.