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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 43.7 $ 9.7
Receivables, less allowances of $10.3 and $9.9 170.0 178.6
Inventory, materials and supplies 19.8 22.7
Prepaid expenses 17.7 15.0
Other current assets 6.6 3.9
Total current assets 257.8 229.9
Property, plant and equipment, net 1,112.8 1,085.5
Investment in CyrusOne 0.0 128.0
Goodwill 18.6 14.3
Deferred income taxes, net 50.4 64.5
Other noncurrent assets 17.7 18.8
Total assets 1,457.3 1,541.0
Current liabilities    
Current portion of long-term debt 12.0 7.5
Accounts payable 109.0 105.9
Unearned revenue and customer deposits 32.6 36.3
Accrued taxes 19.2 12.9
Accrued interest 13.4 12.7
Accrued payroll and benefits 35.3 25.7
Other current liabilities 31.2 31.9
Total current liabilities 252.7 232.9
Long-term debt, less current portion 1,120.8 1,199.1
Pension and postretirement benefit obligations 186.3 197.7
Other noncurrent liabilities 31.0 33.0
Total liabilities 1,590.8 1,662.7
Shareowners' deficit    
Preferred stock, 2,357,299 shares authorized, 155,250 shares (3,105,000 depositary shares) of 6 3/4% Cumulative Convertible Preferred Stock issued and outstanding at September 30, 2017 and December 31, 2016; liquidation preference $1,000 per share ($50 per depositary share) 129.4 129.4
Common shares, $.01 par value; 96,000,000 shares authorized; 42,182,031 and 42,056,237 shares issued; 42,182,031 and 42,056,237 shares outstanding at September 30, 2017 and December 31, 2016 0.4 0.4
Additional paid-in capital 2,567.3 2,570.9
Accumulated deficit (2,680.8) (2,732.1)
Accumulated other comprehensive loss (149.8) (90.3)
Total shareowners' deficit (133.5) (121.7)
Total liabilities and shareowners' deficit $ 1,457.3 $ 1,541.0