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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 618.7 $ 974.6
Short-term marketable debt securities 86.1 105.6
Accounts receivable, net of allowance for credit losses and customer deductions of $14.3 million and $10.6 million as of December 31, 2021 and 2020, respectively 1,071.0 832.4
Inventories 902.5 787.9
Prepaid expenses and other current assets 47.0 44.7
Federal and state income taxes receivable 7.4 5.1
Total current assets 2,732.7 2,750.3
Property, plant and equipment, net 3,529.0 3,193.4
Goodwill 923.5 863.5
Other intangible assets, net 308.4 295.9
Operating lease right-of-use assets 238.3 234.2
Long-term marketable debt securities 60.0 42.7
Other long-term assets 44.9 53.2
Total assets 7,836.8 7,433.2
Current liabilities:    
Operating lease obligations 67.1 68.9
Finance lease obligations 1.7 1.6
Accounts payable 452.4 387.0
Dividends payable 96.3 97.0
Accrued liabilities 255.0 216.2
Accrued interest 12.3 11.9
Total current liabilities 884.8 782.6
Long-term liabilities:    
Long-term debt 2,471.5 2,479.4
Operating lease obligations 179.3 173.6
Finance lease obligations 12.7 14.4
Deferred income taxes 465.9 379.4
Compensation and benefits 157.4 298.3
Other long-term liabilities 58.0 59.2
Total long-term liabilities 3,344.8 3,404.3
Commitments and contingent liabilities (Note 21)
Stockholders' equity:    
Common stock, par value $0.01 per share, 300.0 million shares authorized, 93.5 million and 94.8 million shares issued as of December 31, 2021 and 2020, respectively 0.9 0.9
Additional paid in capital 579.4 554.4
Retained earnings 3,102.1 2,835.5
Accumulated other comprehensive loss (75.2) (144.5)
Total stockholders' equity 3,607.2 3,246.3
Total liabilities and stockholders' equity $ 7,836.8 $ 7,433.2