CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Dec. 31, 2019	Jun. 30, 2019
Current assets:
Cash and cash equivalents	$ 29.9	$ 27.0
Accounts receivable, net	378.3	384.1
Inventories	896.6	787.7
Other current assets	52.9	37.4
Total current assets	1,357.7	1,236.2
Property, plant and equipment, net	1,385.8	1,366.2
Goodwill	328.9	326.4
Other intangibles, net	63.8	67.2
Deferred income taxes	4.1	4.2
Other assets	263.3	187.6
Total assets	3,403.6	3,187.8
Current liabilities:
Short-term credit agreement borrowings	118.9	19.7
Accounts payable	233.9	238.7
Accrued liabilities	146.6	157.6
Total current liabilities	499.4	416.0
Long-term debt	550.6	550.6
Accrued pension liabilities	363.4	371.2
Accrued postretirement benefits	122.8	122.1
Deferred income taxes	151.8	142.7
Other liabilities	112.2	65.1
Total liabilities	1,800.2	1,667.7
Contingencies and commitments (see Note 11)
STOCKHOLDERS’ EQUITY
Common stock — authorized 100,000,000 shares; issued 56,011,853 shares at December 31, 2019 and 55,808,743 shares at June 30, 2019; outstanding 47,797,070 shares at December 31, 2019 and 47,470,363 shares at June 30, 2019	280.1	279.0
Capital in excess of par value	322.1	320.4
Reinvested earnings	1,665.9	1,605.3
Common stock in treasury (8,214,783 shares and 8,338,380 shares at December 31, 2019 and June 30, 2019, respectively), at cost	(328.4)	(332.8)
Accumulated other comprehensive loss	(336.3)	(351.8)
Total stockholders' equity	1,603.4	1,520.1
Total liabilities and stockholders' equity	$ 3,403.6	$ 3,187.8