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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 613.6 $ 648.0
Short-term marketable debt securities ($90.8 million and $93.5 million measured at fair value as of June 30, 2024 and December 31, 2023, respectively) 490.8 493.5
Accounts receivable, net of allowance for credit losses and customer deductions of $0.0 million and $13.1 million as of June 30, 2024 and December 31, 2023, respectively 1,145.2 1,033.2
Inventories 1,029.5 1,013.1
Prepaid expenses and other current assets 204.5 62.3
Federal and state income taxes receivable 0.3 4.3
Total current assets 3,483.9 3,254.4
Property, plant, and equipment, net 3,961.5 3,863.8
Goodwill 922.4 922.4
Other intangible assets, net 210.7 229.6
Operating lease right-of-use assets 266.8 279.6
Long-term marketable debt securities 68.4 64.1
Other long-term assets 68.4 67.2
Total assets 8,982.1 8,681.1
Current liabilities:    
Current maturities of long-term debt 399.9 399.6
Operating lease obligations 80.3 78.6
Finance lease obligations 2.1 2.0
Accounts payable 474.5 402.4
Dividends payable 115.4 115.9
Accrued liabilities 345.6 253.5
Accrued interest 13.7 13.7
Total current liabilities 1,431.5 1,265.7
Long-term liabilities:    
Long-term debt 2,473.2 2,472.2
Operating lease obligations 197.1 212.1
Finance lease obligations 7.7 8.7
Deferred income taxes 552.1 558.0
Compensation and benefits 114.9 106.4
Other long-term liabilities 79.0 60.7
Total long-term liabilities 3,424.0 3,418.1
Commitments and contingent liabilities
Stockholders' equity:    
Common stock, par value $0.01 per share, 300.0 million shares authorized, 89.8 million and 89.6 million shares issued as of June 30, 2024 and December 31, 2023, respectively 0.9 0.9
Additional paid in capital 650.3 620.1
Retained earnings 3,544.4 3,447.2
Accumulated other comprehensive loss (69.0) (70.9)
Total stockholders' equity 4,126.6 3,997.3
Total liabilities and stockholders' equity $ 8,982.1 $ 8,681.1