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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 628.6 $ 618.7
Short-term marketable debt securities 81.3 86.1
Accounts receivable, net of allowance for credit losses and customer deductions of $20.0 million and $14.3 million as of March 31, 2022 and December 31, 2021, respectively 1,140.7 1,071.0
Inventories 941.2 902.5
Prepaid expenses and other current assets 77.6 47.0
Federal and state income taxes receivable 7.4
Total current assets 2,869.4 2,732.7
Property, plant, and equipment, net 3,670.7 3,529.0
Goodwill 923.1 923.5
Other intangible assets, net 298.2 308.4
Operating lease right-of-use assets 264.4 238.3
Long-term marketable debt securities 68.5 60.0
Other long-term assets 43.5 44.9
Total assets 8,137.8 7,836.8
Current liabilities:    
Operating lease obligations 69.7 67.1
Finance lease obligations 1.8 1.7
Accounts payable 546.7 452.4
Dividends payable 96.9 96.3
Accrued liabilities 188.6 255.0
Accrued interest 26.0 12.3
Federal and state income taxes payable 38.2
Total current liabilities 967.9 884.8
Long-term liabilities:    
Long-term debt 2,472.0 2,471.5
Operating lease obligations 202.6 179.3
Finance lease obligations 12.2 12.7
Deferred income taxes 488.8 465.9
Compensation and benefits 157.0 157.4
Other long-term liabilities 58.0 58.0
Total long-term liabilities 3,390.6 3,344.8
Commitments and contingent liabilities
Stockholders' equity:    
Common stock, par value $0.01 per share, 300.0 million shares authorized, 95.0 million and 93.5 million shares issued as of March 31, 2022 and December 31, 2021, respectively 0.9 0.9
Additional paid in capital 591.7 579.4
Retained earnings 3,261.9 3,102.1
Accumulated other comprehensive loss (75.2) (75.2)
Total stockholders' equity 3,779.3 3,607.2
Total liabilities and stockholders' equity $ 8,137.8 $ 7,836.8