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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 367.7 $ 320.0
Short-term marketable debt securities 95.6 85.2
Accounts receivable, net of allowance for credit losses and customer deductions of $20.2 million and $14.3 million as of September 30, 2022 and December 31, 2021, respectively 1,031.4 1,031.8
Inventories 1,003.4 977.3
Prepaid expenses and other current assets 87.3 58.3
Federal and state income taxes receivable 0.0 35.7
Total current assets 2,585.4 2,508.3
Property, plant, and equipment, net 3,896.6 3,900.0
Goodwill 922.4 922.4
Other intangible assets, net 258.3 267.9
Operating lease right-of-use assets 288.6 298.3
Long-term marketable debt securities 56.9 64.9
Other long-term assets 40.8 42.0
Total assets 8,049.0 8,003.8
Current liabilities:    
Operating lease obligations 72.7 72.2
Finance lease obligations 1.9 1.9
Accounts payable 410.5 410.4
Dividends payable 115.7 115.5
Accrued liabilities 184.7 263.7
Accrued interest 25.5 11.8
Federal and state income taxes payable 17.9 0.0
Total current liabilities 828.9 875.5
Long-term liabilities:    
Long-term debt 2,474.1 2,473.6
Operating lease obligations 225.1 234.6
Finance lease obligations 10.3 10.8
Deferred income taxes 546.2 543.0
Compensation and benefits 148.5 141.8
Other long-term liabilities 58.2 57.4
Total long-term liabilities 3,462.4 3,461.2
Commitments and contingent liabilities
Stockholders' equity:    
Common stock, par value $0.01 per share, 300.0 million shares authorized, 89.9 million and 89.7 million shares issued as of March 31, 2023 and December 31, 2022, respectively 0.9 0.9
Additional paid in capital 597.8 581.8
Retained earnings 3,259.3 3,186.8
Accumulated other comprehensive loss (100.3) (102.4)
Total stockholders' equity 3,757.7 3,667.1
Total liabilities and stockholders' equity $ 8,049.0 $ 8,003.8