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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 139.6 $ 0.0
Accounts and notes receivable, net    
Trade and other receivables 192.5 174.2
Related party receivables 63.0 61.8
Inventories 253.8 245.0
Prepaid expenses and other current assets 29.9 19.3
Total current assets 678.8 500.3
Property, plant and equipment, net 156.7 148.4
Investments and advances related to equity method investees 75.0 77.0
Goodwill 84.7 84.7
Other assets 44.8 57.0
TOTAL ASSETS 1,040.0 867.4
LIABILITIES    
Accounts payable (principally trade) 155.4 145.9
Related party payables 73.7 82.0
Accrued compensation, benefits and retirement costs 25.7 18.2
Current portion of accrued product warranty 6.1 5.9
Other accrued expenses 83.5 79.0
Total current liabilities 344.4 331.0
Long-Term Debt 650.0 0.0
Accrued product warranty 10.0 9.6
Other liabilities 34.1 71.2
TOTAL LIABILITIES 1,038.5 411.8
Commitments and contingencies (Note 10)
EQUITY    
Common stock, $0.0001 par value (2,000,000,000 shares authorized and 83,297,796 shares issued at June 30, 2023) 0.0 0.0
Net parent investment 0.0 511.4
Additional Paid in Capital 44.6 0.0
Retained earnings 14.8 0.0
Accumulated other comprehensive loss (57.9) (55.8)
TOTAL EQUITY 1.5 455.6
TOTAL LIABILITIES AND EQUITY $ 1,040.0 $ 867.4