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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 648.0 $ 320.0
Short-term marketable debt securities ($93.5 million and $85.2 million measured atfair value as of December 31, 2023 and 2022, respectively) 493.5 85.2
Accounts receivable, net of allowance for credit losses and customer deductions of $13.1 million and $19.6 million as of December 31, 2023 and 2022, respectively 1,033.2 1,031.8
Inventories 1,013.1 977.3
Prepaid expenses and other current assets 62.3 58.3
Federal and state income taxes receivable 4.3 35.7
Total current assets 3,254.4 2,508.3
Property, plant and equipment, net 3,863.8 3,900.0
Goodwill 922.4 922.4
Other intangible assets, net 229.6 267.9
Operating lease right-of-use assets 279.6 298.3
Long-term marketable debt securities 64.1 64.9
Other long-term assets 67.2 42.0
Total assets 8,681.1 8,003.8
Current liabilities:    
Current maturities of long-term debt [1] 399.6 0.0
Operating lease obligations 78.6 72.2
Finance lease obligations 2.0 1.9
Accounts payable 402.4 410.4
Dividends payable 115.9 115.5
Accrued liabilities 253.5 263.7
Accrued interest 13.7 11.8
Total current liabilities 1,265.7 875.5
Long-term liabilities:    
Total long-term debt 2,472.2 2,473.6
Operating lease obligations 212.1 234.6
Finance lease obligations 8.7 10.8
Deferred income taxes 558.0 543.0
Compensation and benefits 106.4 141.8
Other long-term liabilities 60.7 57.4
Total long-term liabilities 3,418.1 3,461.2
Commitments and contingent liabilities (Note 19)
Stockholders' equity:    
Common stock, par value $0.01 per share, 300.0 million shares authorized, 89.6 million and 89.7 million shares issued as of December 31, 2023 and 2022, respectively 0.9 0.9
Additional paid in capital 620.1 581.8
Retained earnings 3,447.2 3,186.8
Accumulated other comprehensive loss (70.9) (102.4)
Total stockholders' equity 3,997.3 3,667.1
Total liabilities and stockholders' equity $ 8,681.1 $ 8,003.8
[1] The current portion of long-term debt excludes unamortized debt issuance costs of $0.3 million as of December 31, 2023.