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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 138.8 $ 0.0
Accounts and notes receivable, net    
Trade and other receivables 176.8 174.2
Related party receivables 61.0 61.8
Inventories 243.0 245.0
Prepaid expenses and other current assets 34.2 19.3
Total current assets 653.8 500.3
Property, plant and equipment, net 162.1 148.4
Investments and advances related to equity method investees 78.2 77.0
Goodwill 84.7 84.7
Other assets 47.3 57.0
TOTAL ASSETS 1,026.1 867.4
LIABILITIES    
Accounts payable (principally trade) 153.1 145.9
Related party payables 70.1 82.0
Accrued compensation, benefits and retirement costs 39.5 18.2
Current portion of accrued product warranty 4.5 5.9
Current maturities of long-term debt 3.7 0.0
Other accrued expenses 82.7 79.0
Total current liabilities 353.6 331.0
Long-term debt 596.3 0.0
Accrued product warranty 7.4 9.6
Other liabilities 34.4 71.2
TOTAL LIABILITIES 991.7 411.8
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 September 30, 2023) 0.0 0.0
Net parent investment 0.0 511.4
Additional paid-in capital 46.0 0.0
Retained earnings 52.4 0.0
Accumulated other comprehensive loss (64.0) (55.8)
TOTAL EQUITY 34.4 455.6
TOTAL LIABILITIES AND EQUITY $ 1,026.1 $ 867.4