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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2022
Jun. 30, 2021
Current assets:    
Cash and cash equivalents $ 154.2 $ 287.4
Accounts receivable, net of allowance for doubtful accounts of $5.4 million and $6.5 million at June 30, 2022 and 2021, respectively 382.3 308.7
Inventories 496.1 425.7
Other current assets 86.8 95.6
Total current assets 1,119.4 1,117.4
Property, plant and equipment, net 1,420.8 1,457.5
Goodwill 241.4 241.4
Other intangibles, net 35.2 43.1
Deferred income taxes 5.7 5.3
Other assets 109.8 106.5
Total assets 2,932.3 2,971.2
Current liabilities:    
Accounts payable 242.1 142.4
Accrued liabilities 133.5 163.9
Total current liabilities 375.6 306.3
Long-term debt 691.8 694.5
Accrued pension liabilities 196.6 222.6
Accrued postretirement benefits 77.4 98.6
Deferred income taxes 162.4 156.9
Other liabilities 98.0 100.0
Total liabilities 1,601.8 1,578.9
Contingencies and commitments (see Note 13)
STOCKHOLDERS' EQUITY    
Common stock — authorized 100,000,000 shares; issued 56,025,510 shares at June 30, 2022, and 56,024,619 shares at June 30, 2021; outstanding 48,286,439 shares at June 30, 2022, and 48,040,676 shares at June 30, 2021 280.1 280.1
Capital in excess of par value 320.3 322.6
Reinvested earnings 1,211.0 1,299.3
Common stock in treasury (7,739,071 shares and 7,983,943 shares at June 30, 2022 and 2021, respectively), at cost (307.4) (317.4)
Accumulated other comprehensive loss (173.5) (192.3)
Total stockholders' equity 1,330.5 1,392.3
Total liabilities and stockholders' equity $ 2,932.3 $ 2,971.2