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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 320.0 $ 618.7
Short-term marketable debt securities 85.2 86.1
Accounts receivable, net of allowance for credit losses and customer deductions of $19.6 million and $14.3 million as of December 31, 2022 and 2021, respectively 1,031.8 1,071.0
Inventories 977.3 902.5
Prepaid expenses and other current assets 58.3 47.0
Federal and state income taxes receivable 35.7 7.4
Total current assets 2,508.3 2,732.7
Property, plant and equipment, net 3,900.0 3,529.0
Goodwill 922.4 923.5
Other intangible assets, net 267.9 308.4
Operating lease right-of-use assets 298.3 238.3
Long-term marketable debt securities 64.9 60.0
Other long-term assets 42.0 44.9
Total assets 8,003.8 7,836.8
Current liabilities:    
Operating lease obligations 72.2 67.1
Finance lease obligations 1.9 1.7
Accounts payable 410.4 452.4
Dividends payable 115.5 96.3
Accrued liabilities 263.7 255.0
Accrued interest 11.8 12.3
Total current liabilities 875.5 884.8
Long-term liabilities:    
Long-term debt 2,473.6 2,471.5
Operating lease obligations 234.6 179.3
Finance lease obligations 10.8 12.7
Deferred income taxes 543.0 465.9
Compensation and benefits 141.8 157.4
Other long-term liabilities 57.4 58.0
Total long-term liabilities 3,461.2 3,344.8
Commitments and contingent liabilities (Note 21)
Stockholders' equity:    
Common stock, par value $0.01 per share, 300.0 million shares authorized, 89.7 million and 93.5 million shares issued as of December 31, 2022 and 2021, respectively 0.9 0.9
Additional paid in capital 581.8 579.4
Retained earnings 3,186.8 3,102.1
Accumulated other comprehensive loss (102.4) (75.2)
Total stockholders' equity 3,667.1 3,607.2
Total liabilities and stockholders' equity $ 8,003.8 $ 7,836.8