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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 4.7 $ 7.8
Receivables, less allowances of $14.8 and $14.8 94.1 94.1
Inventory, materials and supplies 82.9 88.6
Prepaid expenses 28.6 25.7
Other current assets 20.8 20.7
Current assets held for sale from discontinued operations 333.3 460.0
Total current assets 564.4 696.9
Property, plant and equipment, net 2,518.8 2,385.7
Operating lease right-of-use assets 69.0 63.9
Goodwill 566.7 566.7
Intangible assets, net 383.4 415.7
Deferred income tax assets 0.1 3.5
Other noncurrent assets 161.4 52.9
Noncurrent assets held for sale from discontinued operations 581.7 570.2
Total assets 4,845.5 4,755.5
Current liabilities    
Current portion of long-term debt 25.4 20.4
Accounts payable 143.6 188.9
Unearned revenue and customer deposits 47.6 46.7
Accrued taxes 9.6 8.9
Accrued interest 3.3 3.6
Accrued payroll and benefits 31.3 35.0
Other current liabilities 29.2 42.0
Current liabilities held for sale from discontinued operations 268.8 338.5
Total current liabilities 558.8 684.0
Long-term debt, less current portion 2,004.5 1,830.1
Operating lease liabilities 64.7 60.2
Pension and postretirement benefit obligations 126.7 127.9
Pole license agreement obligation 39.4 40.8
Deferred income tax liability 35.9 5.4
Other noncurrent liabilities 222.7 127.9
Noncurrent liabilities held for sale from discontinued operations 83.0 85.7
Total liabilities 3,135.7 2,962.0
Shareowners’ equity    
Additional paid-in capital 2,116.1 2,116.1
Accumulated deficit (426.0) (350.8)
Accumulated other comprehensive income 19.7 28.2
Total shareowners' equity 1,709.8 1,793.5
Total liabilities and shareowners’ equity $ 4,845.5 $ 4,755.5