CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2021	Jun. 30, 2020
Current assets:
Cash and cash equivalents	$ 244.2	$ 193.1
Accounts receivable, net	279.2	292.3
Inventories	535.5	724.3
Other current assets	91.5	56.6
Total current assets	1,150.4	1,266.3
Property, plant and equipment, net	1,306.7	1,351.1
Goodwill	241.4	290.4
Other intangibles, net	44.9	52.1
Deferred income taxes	5.0	4.9
Other assets	262.6	262.4
Total assets	3,011.0	3,227.2
Current liabilities:
Short-term credit agreement borrowings	0.0	170.0
Accounts payable	135.1	124.2
Accrued liabilities	134.2	157.9
Total current liabilities	269.3	452.1
Long-term debt	694.3	551.8
Accrued pension liabilities	281.2	399.5
Accrued postretirement benefits	138.5	137.4
Deferred income taxes	150.2	130.2
Other liabilities	96.3	110.5
Total liabilities	1,629.8	1,781.5
Contingencies and commitments (see Note 12)
STOCKHOLDERS’ EQUITY
Common stock — authorized 100,000,000 shares; issued 56,017,673 shares at March 31, 2021 and 56,012,748 shares at June 30, 2020; outstanding 48,032,334 shares at March 31, 2021 and 47,850,468 shares at June 30, 2020	280.1	280.1
Capital in excess of par value	319.4	321.4
Reinvested earnings	1,366.2	1,568.0
Common stock in treasury (7,985,339 shares and 8,162,280 shares at March 31, 2021 and June 30, 2020, respectively), at cost	(317.5)	(325.8)
Accumulated other comprehensive loss	(267.0)	(398.0)
Total stockholders' equity	1,381.2	1,445.7
Total liabilities and stockholders' equity	$ 3,011.0	$ 3,227.2