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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,702.9 [1] $ 974.6
Short-term marketable debt securities 88.3 [1] 105.6
Accounts receivable, net of allowance for credit losses and customer deductions of $15.1 million and $10.6 million as of September 30, 2021 and December 31, 2020, respectively 1,066.7 832.4
Inventories 880.1 787.9
Prepaid expenses and other current assets 55.4 44.7
Federal and state income taxes receivable 11.4 5.1
Total current assets 3,804.8 2,750.3
Property, plant, and equipment, net 3,360.8 3,193.4
Goodwill 863.5 863.5
Other intangible assets, net 267.7 295.9
Operating lease right-of-use assets 230.4 234.2
Long-term marketable debt securities 57.8 [1] 42.7
Other long-term assets 45.8 53.2
Total assets 8,630.8 7,433.2
Current liabilities:    
Current maturities of long-term debt [2] 698.1 0.0
Operating lease obligations 67.2 68.9
Finance lease obligations 1.7 1.6
Accounts payable 499.1 387.0
Dividends payable 97.3 97.0
Accrued liabilities 252.5 216.2
Accrued interest 28.5 11.9
Total current liabilities 1,644.4 782.6
Long-term liabilities:    
Long-term debt 2,471.1 2,479.4
Operating lease obligations 171.5 173.6
Finance lease obligations 13.1 14.4
Deferred income taxes 423.9 379.4
Compensation and benefits 241.1 298.3
Other long-term liabilities 57.4 59.2
Total long-term liabilities 3,378.1 3,404.3
Commitments and contingent liabilities
Stockholders' equity:    
Common stock, par value $0.01 per share, 300.0 million shares authorized, 95.0 million and 94.8 million shares issued as of September 30, 2021 and December 31, 2020, respectively 1.0 0.9
Additional paid in capital 581.3 554.4
Retained earnings 3,162.8 2,835.5
Accumulated other comprehensive loss (136.8) (144.5)
Total stockholders' equity 3,608.3 3,246.3
Total liabilities and stockholders' equity $ 8,630.8 $ 7,433.2
[1] Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.
[2] The current portion of long-term debt excludes unamortized debt issuance costs of $1.4 million at September 30, 2021.