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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 159.6 $ 141.9
Accounts and notes receivable, net 90.8 58.8
Inventories, net 53.8 46.9
Current assets of discontinued operations 306.1 125.2
Income tax receivable 30.7 22.2
Other current assets 7.9 11.2
Total current assets 648.9 406.2
Property, plant, and equipment, less accumulated depreciation and amortization of $367.3 and $323.8, respectively 499.9 465.2
Prepaid pension costs 88.3 48.7
Investment in joint venture 107.3 106.2
Goodwill and intangible assets, net 441.1 427.7
Noncurrent assets of discontinued operations   221.1
Deferred income taxes 19.6 14.4
Income tax receivable 4.1 5.7
Other noncurrent assets 64.3 62.8
Total assets 1,873.5 1,758.0
Current liabilities:    
Current installments of long-term debt 32.5 25.0
Accounts payable and accrued expenses 108.4 117.0
Liabilities of discontinued operations 128.5 80.8
Income tax payable 0.5 1.3
Total current liabilities 269.9 224.1
Long-term debt, less current installments 817.7 848.6
Postretirement benefit liabilities 79.2 84.8
Pension benefit liabilities 57.2 56.8
Other long-term liabilities 35.5 27.0
Noncurrent liabilities of discontinued operations   34.0
Income tax payable 53.0 62.2
Deferred income taxes 141.7 154.1
Total noncurrent liabilities 1,184.3 1,267.5
Shareholders' equity:    
Common stock, $0.01 par value per share, authorized 200 million shares; issued 60,782,736 shares, outstanding 52,772,139 shares in 2017 and 60,597,140 shares issued, 54,428,233 outstanding shares in 2016 0.6 0.6
Capital in excess of par value 516.8 504.9
Retained earnings 633.4 469.9
Treasury stock, at cost, 8,010,597 shares as of December 31, 2017 and 6,168,907 shares as of December 31, 2016 (385.6) (305.2)
Accumulated other comprehensive (loss) (345.9) (403.8)
Total shareholders' equity 419.3 266.4
Total liabilities and shareholders' equity $ 1,873.5 $ 1,758.0