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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 106.0 $ 98.1
Accounts and notes receivable, net 112.4 109.1
Inventories, net 110.0 90.2
Income taxes receivable 1.8 1.4
Other current assets 26.3 23.1
Total current assets 356.5 321.9
Property, plant, and equipment, net 554.4 542.8
Operating lease assets 18.8 21.0
Finance lease assets 16.0 18.4
Prepaid pension costs 83.2 109.0
Investment in joint venture 23.9 50.0
Goodwill 167.3 167.0
Intangible assets, net 407.7 421.4
Income taxes receivable 0.0 0.6
Other non-current assets 59.4 57.9
Total assets 1,687.2 1,710.0
Current liabilities:    
Current installments of long-term debt 0.0 25.0
Accounts payable and accrued expenses 172.5 174.9
Operating lease liabilities 5.9 5.6
Finance lease liabilities 2.2 2.2
Income taxes payable 2.1 1.9
Total current liabilities 182.7 209.6
Long-term debt, less current installments 651.1 606.4
Operating lease liabilities 13.2 15.6
Finance lease liabilities 14.6 16.8
Postretirement benefit liabilities 54.8 71.1
Pension benefit liabilities 27.6 36.9
Other long-term liabilities 25.8 46.7
Income taxes payable 13.1 20.3
Deferred income taxes 169.3 166.9
Total non-current liabilities 969.5 980.7
Shareholders' equity:    
Common stock, $0.01 par value per share, 200 million shares authorized, 62,936,820 shares issued and 45,572,185 shares outstanding as of December 31, 2022 and 62,775,155 shares issued and 47,302,299 shares outstanding as of December 31, 2021 0.6 0.6
Capital in excess of par value 573.6 561.3
Retained earnings 1,169.9 1,011.4
Treasury stock, at cost, 17,364,635 shares as of December 31, 2022 and 15,472,856 shares as of December 31, 2021 (1,109.0) (944.0)
Accumulated other comprehensive (loss) (100.1) (109.6)
Total shareholders' equity 535.0 519.7
Total liabilities and shareholders' equity $ 1,687.2 $ 1,710.0