CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Sep. 30, 2017	Jun. 30, 2017
Current assets:
Cash and cash equivalents	$ 24.9	$ 66.3
Accounts receivable, net	294.6	290.4
Inventories	737.3	690.4
Other current assets	54.9	46.5
Total current assets	1,111.7	1,093.6
Property, plant and equipment, net	1,308.7	1,316.8
Goodwill	263.4	263.4
Other intangibles, net	63.2	64.9
Deferred income taxes	7.5	7.6
Other assets	138.0	131.8
Total assets	2,892.5	2,878.1
Current liabilities:
Credit agreement borrowings	3.3	0.0
Current portion of long-term debt	55.0	55.0
Accounts payable	212.5	201.1
Accrued liabilities	110.8	139.9
Total current liabilities	381.6	396.0
Long-term debt, net of current portion	549.8	550.0
Accrued pension liabilities	372.1	378.3
Accrued postretirement benefits	123.3	122.6
Deferred income taxes	191.4	184.8
Other liabilities	43.3	47.8
Total liabilities	1,661.5	1,679.5
Contingencies and commitments
STOCKHOLDERS’ EQUITY
Common stock — authorized 100,000,000 shares; issued 55,395,245 shares at September 30, 2017 and 55,349,658 shares at June 30, 2017; outstanding 46,803,324 shares at September 30, 2017 and 46,753,180 shares at June 30, 2017	277.0	276.7
Capital in excess of par value	289.9	284.8
Reinvested earnings	1,336.6	1,321.8
Common stock in treasury (8,591,921 shares and 8,596,478 shares at September 30, 2017 and June 30, 2017, respectively), at cost	(341.4)	(341.6)
Accumulated other comprehensive loss	(331.1)	(343.1)
Total stockholders' equity	1,231.0	1,198.6
Total liabilities and stockholders' equity	$ 2,892.5	$ 2,878.1

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.