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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 75.4 $ 227.0
Accounts receivable, net 283.1 234.7
Inventories, net 351.5 334.4
Contract assets 34.5 25.1
Prepaid and other Current Assets 63.1 43.0
Total current assets 807.6 864.2
Property, plant and equipment 3,211.8 3,195.5
Less accumulated depreciation (1,563.1) (1,516.8)
Net property, plant and equipment 1,648.7 1,678.7
Goodwill and other intangible assets, net 246.8 251.3
Investments in affiliated companies 5.0 5.0
Other assets 119.5 119.3
Total assets 2,827.6 2,918.5
Current liabilities:    
Short-term borrowings 0.1 0.1
Accounts payable 124.8 159.1
Accrued compensation and benefits 80.2 75.7
Financial instruments 3.2 6.0
Accrued liabilities 85.4 75.0
Total current liabilities 293.7 315.9
Long-term debt 794.9 699.4
Retirement obligations 31.1 42.6
Deferred income taxes 106.5 110.6
Other non-current liabilities 30.2 33.5
Total liabilities 1,256.4 1,202.0
Stockholders' equity:    
Common stock, $0.01 par value, 200.0 shares authorized, 111.4 shares and 110.8 shares issued at June 30, 2024 and December 31, 2023, respectively 1.1 1.1
Additional paid-in capital 959.6 936.8
Retained earnings 2,230.2 2,168.7
Accumulated other comprehensive loss (91.3) (74.1)
Total stockholders' equity including treasury stock value 3,099.6 3,032.5
Less - Treasury stock, at cost, 29.7 shares at June 30, 2024 and 26.7 shares at December 31, 2023 (1,528.4) (1,316.0)
Total stockholders' equity 1,571.2 1,716.5
Total liabilities and stockholders' equity $ 2,827.6 $ 2,918.5