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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 7.4 $ 9.4
Receivables, less allowances of $15.0 and $12.0 384.5 447.8
Inventory, materials and supplies 95.7 103.4
Prepaid expenses 48.6 45.7
Other current assets 29.5 25.7
Total current assets 565.7 632.0
Property, plant and equipment, net 2,171.0 2,116.8
Operating lease right-of-use assets 72.6 73.1
Goodwill 723.5 723.5
Intangible assets, net 800.5 829.1
Deferred income tax assets 2.1 2.2
Other noncurrent assets 67.5 58.9
Total assets 4,402.9 4,435.6
Current liabilities    
Current portion of long-term debt 45.2 45.0
Accounts payable 430.4 492.5
Unearned revenue and customer deposits 76.6 81.6
Accrued taxes 12.5 14.5
Accrued interest 3.6 2.0
Accrued payroll and benefits 36.5 52.5
Other current liabilities 44.8 47.8
Total current liabilities 649.6 735.9
Long-term debt, less current portion 1,781.5 1,656.0
Operating lease liabilities 66.0 66.1
Pension and postretirement benefit obligations 138.5 138.9
Pole license agreement obligation 42.9 43.6
Deferred income tax liability 84.1 98.2
Other noncurrent liabilities 132.8 118.6
Total liabilities 2,895.4 2,857.3
Shareowners’ equity    
Additional paid-in capital 1,716.1 1,716.1
Accumulated deficit (228.0) (158.1)
Accumulated other comprehensive income 18.6 19.5
Shareowners' equity - controlling interest 1,506.7 1,577.5
Noncontrolling interests 0.8 0.8
Total equity 1,507.5 1,578.3
Total liabilities and shareowners’ equity $ 4,402.9 $ 4,435.6