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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 4.8 $ 5.6
Receivables, less allowances of $4.3 and $3.6 367.0 450.2
Inventory, materials and supplies 65.3 57.1
Prepaid expenses 51.2 50.4
Other current assets 10.6 9.1
Total current assets 498.9 572.4
Property, plant and equipment, net 1,963.2 1,966.6
Operating lease right-of-use assets 43.7 44.3
Goodwill 646.9 646.3
Intangible assets, net 899.6 928.3
Deferred income tax assets 6.9 5.3
Other noncurrent assets 39.4 35.6
Total assets 4,098.6 4,198.8
Current liabilities    
Current portion of long-term debt 19.7 19.7
Accounts payable 350.5 399.2
Unearned revenue and customer deposits 90.0 83.2
Accrued taxes 19.1 25.3
Accrued interest 2.5 1.9
Accrued payroll and benefits 29.3 41.9
Other current liabilities 42.2 45.5
Total current liabilities 553.3 616.7
Long-term debt, less current portion 1,426.7 1,428.9
Operating lease liabilities 39.6 40.2
Pension and postretirement benefit obligations 136.4 141.1
Pole license agreement obligation 45.6 46.2
Deferred income tax liability 133.3 139.6
Other noncurrent liabilities 93.8 96.0
Total liabilities 2,428.7 2,508.7
Shareowners’ equity    
Additional paid-in capital 1,716.1 1,716.1
Accumulated deficit (49.2) (27.2)
Accumulated other comprehensive income 3.0 1.2
Total shareowners’ equity 1,669.9 1,690.1
Total liabilities and shareowners’ equity $ 4,098.6 $ 4,198.8