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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 3.6 $ 7.8
Receivables, less allowances of $14.7 and $14.8 91.1 94.1
Inventory, materials and supplies 88.1 88.6
Prepaid expenses 29.7 25.7
Other current assets 20.4 20.7
Current assets held for sale from discontinued operations 347.5 460.0
Total current assets 580.4 696.9
Property, plant and equipment, net 2,461.1 2,385.7
Operating lease right-of-use assets 65.0 63.9
Goodwill 566.7 566.7
Intangible assets, net 399.6 415.7
Deferred income tax assets 0.0 3.5
Other noncurrent assets 68.4 52.9
Noncurrent assets held for sale from discontinued operations 572.5 570.2
Total assets 4,713.7 4,755.5
Current liabilities    
Current portion of long-term debt 22.1 20.4
Accounts payable 159.0 188.9
Unearned revenue and customer deposits 47.6 46.7
Accrued taxes 8.7 8.9
Accrued interest 5.6 3.6
Accrued payroll and benefits 20.7 35.0
Other current liabilities 33.4 42.0
Current liabilities held for sale from discontinued operations 318.7 338.5
Total current liabilities 615.8 684.0
Long-term debt, less current portion 1,872.4 1,830.1
Operating lease liabilities 61.2 60.2
Pension and postretirement benefit obligations 126.9 127.9
Pole license agreement obligation 40.1 40.8
Deferred income tax liability 42.3 5.4
Other noncurrent liabilities 126.0 127.9
Noncurrent liabilities held for sale from discontinued operations 79.8 85.7
Total liabilities 2,964.5 2,962.0
Shareowners’ equity    
Additional paid-in capital 2,116.1 2,116.1
Accumulated deficit (391.7) (350.8)
Accumulated other comprehensive income 24.8 28.2
Total shareowners' equity 1,749.2 1,793.5
Total liabilities and shareowners’ equity $ 4,713.7 $ 4,755.5