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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 667.3 $ 618.7
Short-term marketable debt securities 82.3 86.1
Accounts receivable, net of allowance for credit losses and customer deductions of $21.3 million and $14.3 million as of June 30, 2022 and December 31, 2021, respectively 1,212.0 1,071.0
Inventories 954.2 902.5
Prepaid expenses and other current assets 74.6 47.0
Federal and state income taxes receivable 7.4
Total current assets 2,990.4 2,732.7
Property, plant, and equipment, net 3,762.9 3,529.0
Goodwill 922.5 923.5
Other intangible assets, net 287.3 308.4
Operating lease right-of-use assets 273.8 238.3
Long-term marketable debt securities 61.2 60.0
Other long-term assets 42.5 44.9
Total assets 8,340.6 7,836.8
Current liabilities:    
Operating lease obligations 69.3 67.1
Finance lease obligations 1.8 1.7
Accounts payable 528.2 452.4
Dividends payable 120.2 96.3
Accrued liabilities 236.7 255.0
Accrued interest 11.7 12.3
Federal and state income taxes payable 5.0
Total current liabilities 972.9 884.8
Long-term liabilities:    
Long-term debt 2,472.6 2,471.5
Operating lease obligations 210.9 179.3
Finance lease obligations 11.7 12.7
Deferred income taxes 495.1 465.9
Compensation and benefits 153.2 157.4
Other long-term liabilities 59.7 58.0
Total long-term liabilities 3,403.2 3,344.8
Commitments and contingent liabilities
Stockholders' equity:    
Common stock, par value $0.01 per share, 300.0 million shares authorized, 93.7 million and 93.5 million shares issued as of June 30, 2022 and December 31, 2021, respectively 0.9 0.9
Additional paid in capital 601.0 579.4
Retained earnings 3,437.0 3,102.1
Accumulated other comprehensive loss (74.4) (75.2)
Total stockholders' equity 3,964.5 3,607.2
Total liabilities and stockholders' equity $ 8,340.6 $ 7,836.8