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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and cash equivalents $ 434.7 $ 532.7
Receivables, net of allowance for doubtful accounts of $1.1 million at December 31, 2015 and 2014 96.4 108.4
Inventories 222.0 229.8
Prepaid expenses and other current assets 7.0 25.0
Deferred income taxes 0.0 45.1
Assets Held For Sale Property Plant and Equipment Net 9.0 9.3
Total current assets 769.1 950.3
Timber and timberlands 53.1 67.1
Land, land improvements and logging roads, net of road amortization 137.0 136.1
Buildings 324.6 321.6
Machinery and equipment 1,897.4 1,838.8
Construction in progress 33.5 18.6
Property, plant and equipment, at cost 2,392.5 2,315.1
Accumulated depreciation (1,530.1) (1,464.4)
Net property, plant and equipment 862.4 850.7
Goodwill 9.7 9.7
Notes receivable from asset sales 432.2 432.2
Investments in and advances to affiliates 7.7 5.0
Restricted cash 14.3 10.4
Other assets 23.0 22.8
Long-term deferred tax asset 4.8 0.6
Total assets 2,176.3 2,348.8
LIABILITIES AND EQUITY    
Current portion of long-term debt 2.1 2.4
Accounts payable and accrued liabilities 139.6 168.3
Current portion of contingency reserves 1.3 2.0
Total current liabilities 143.0 172.7
Long-term debt, excluding current portion 751.8 754.8
Deferred income taxes 99.5 139.5
Contingency reserves, excluding current portion 15.5 12.2
Other long-term liabilities 149.5 153.8
Stockholders' equity:    
Preferred stock, $1 par value, 15,000,000 shares authorized, no shares issued 0.0 0.0
Common stock, $1 par value, 200,000,000 shares authorized, 152,844,802 and 152,045,461 shares issued 153.0 152.8
Additional paid-in capital 496.5 507.0
Retained earnings 724.2 812.3
Treasury stock, 10,618,647 shares and 10,920,546 shares, at cost (210.6) (225.0)
Accumulated comprehensive loss (146.1) (131.3)
Total stockholders' equity 1,017.0 1,115.8
Total liabilities and stockholders' equity $ 2,176.3 $ 2,348.8