CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2020	Jun. 30, 2020
Current assets:
Cash and cash equivalents	$ 218.9	$ 193.1
Accounts receivable, net	250.5	292.3
Inventories	633.9	724.3
Other current assets	84.6	56.6
Total current assets	1,187.9	1,266.3
Property, plant and equipment, net	1,334.1	1,351.1
Goodwill	292.3	290.4
Other intangibles, net	46.5	52.1
Deferred income taxes	4.7	4.9
Other assets	263.2	262.4
Total assets	3,128.7	3,227.2
Current liabilities:
Short-term credit agreement borrowings	0.0	170.0
Accounts payable	114.2	124.2
Accrued liabilities	150.3	157.9
Total current liabilities	264.5	452.1
Long-term debt	693.8	551.8
Accrued pension liabilities	386.4	399.5
Accrued postretirement benefits	137.7	137.4
Deferred income taxes	130.7	130.2
Other liabilities	108.1	110.5
Total liabilities	1,721.2	1,781.5
Contingencies and commitments (see Note 11)
STOCKHOLDERS’ EQUITY
Common stock — authorized 100,000,000 shares; issued 56,012,748 shares at September 30, 2020 and 56,012,748 shares at June 30, 2020; outstanding 47,981,735 shares at September 30, 2020 and 47,850,468 shares at June 30, 2020	280.1	280.1
Capital in excess of par value	315.9	321.4
Reinvested earnings	1,511.2	1,568.0
Common stock in treasury (8,031,013 shares and 8,162,280 shares at September 30, 2020 and June 30, 2020, respectively), at cost	(319.3)	(325.8)
Accumulated other comprehensive loss	(380.4)	(398.0)
Total stockholders' equity	1,407.5	1,445.7
Total liabilities and stockholders' equity	$ 3,128.7	$ 3,227.2