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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 6.7 $ 5.6
Receivables, less allowances of $6.2 and $3.6 377.5 450.2
Inventory, materials and supplies 68.9 57.1
Prepaid expenses 49.6 50.4
Other current assets 14.0 9.1
Total current assets 516.7 572.4
Property, plant and equipment, net 2,002.0 1,966.6
Operating lease right-of-use assets 68.8 44.3
Goodwill 687.1 646.3
Intangible assets, net 884.9 928.3
Deferred income tax assets 5.6 5.3
Other noncurrent assets 43.2 35.6
Total assets 4,208.3 4,198.8
Current liabilities    
Current portion of long-term debt 19.9 19.7
Accounts payable 375.6 399.2
Unearned revenue and customer deposits 81.0 83.2
Accrued taxes 22.2 25.3
Accrued interest 1.1 1.9
Accrued payroll and benefits 45.9 41.9
Other current liabilities 55.0 45.5
Total current liabilities 600.7 616.7
Long-term debt, less current portion 1,521.9 1,428.9
Operating lease liabilities 62.5 40.2
Pension and postretirement benefit obligations 133.5 141.1
Pole license agreement obligation 45.2 46.2
Deferred income tax liability 115.9 139.6
Other noncurrent liabilities 109.1 96.0
Total liabilities 2,588.8 2,508.7
Shareowners’ equity    
Additional paid-in capital 1,716.1 1,716.1
Accumulated deficit (95.2) (27.2)
Accumulated other comprehensive (loss) income (1.4) 1.2
Total shareowners’ equity 1,619.5 1,690.1
Total liabilities and shareowners’ equity $ 4,208.3 $ 4,198.8