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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 287.4 $ 460.7
Receivables, less allowances of $15.5 and $15.0 89.5 96.4
Inventory, materials and supplies 77.9 82.3
Prepaid expenses 27.3 23.1
Other current assets 103.8 10.3
Total current assets 585.9 672.8
Property, plant and equipment, net 2,698.4 2,625.3
Operating lease right-of-use assets 76.6 77.4
Goodwill 566.7 566.7
Intangible assets, net 340.1 353.4
Other noncurrent assets 74.3 166.8
Total assets 4,342.0 4,462.4
Current liabilities    
Current portion of long-term debt 25.6 45.6
Accounts payable 169.5 174.8
Unearned revenue and customer deposits 51.9 50.6
Accrued taxes 8.6 10.2
Accrued interest 2.2 0.9
Accrued payroll and benefits 20.8 36.4
Accrued restructuring 3.9 40.4
Other current liabilities 135.6 26.8
Total current liabilities 418.1 385.7
Long-term debt, less current portion 1,697.8 1,720.2
Operating lease liabilities 76.8 77.5
Pension and postretirement benefit obligations 110.0 111.3
Pole license agreement obligation 37.1 37.8
Deferred income tax liabilities 21.6 20.4
Other noncurrent liabilities 138.5 238.5
Total liabilities 2,499.9 2,591.4
Shareowners’ equity    
Additional paid-in capital 2,316.1 2,316.1
Accumulated deficit (508.4) (480.1)
Accumulated other comprehensive income 34.4 35.0
Total shareowners' equity 1,842.1 1,871.0
Total liabilities and shareowners’ equity $ 4,342.0 $ 4,462.4