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Consolidated Balance Sheets Unaudited - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 676.6 $ 648.0
Short-term marketable debt securities ($95.0 million and $93.5 million measured at fair value as of September 30, 2024 and December 31, 2023, respectively) 95.0 493.5
Accounts receivable, net of allowance for credit losses and customer deductions of $19.4 million and $13.1 million as of September 30, 2024 and December 31, 2023, respectively 1,216.1 1,033.2
Inventories 1,061.9 1,013.1
Prepaid expenses and other current assets 191.8 62.3
Federal and state income taxes receivable 0.0 4.3
Total current assets 3,241.4 3,254.4
Property, plant, and equipment, net 3,982.3 3,863.8
Goodwill 922.4 922.4
Other intangible assets, net 201.3 229.6
Operating lease right-of-use assets 260.3 279.6
Long-term marketable debt securities 69.7 64.1
Other long-term assets 76.4 67.2
Total assets 8,753.8 8,681.1
Current liabilities:    
Current maturities of long-term debt [1] 0.0 399.6
Operating lease obligations 81.7 78.6
Finance lease obligations 2.1 2.0
Accounts payable 459.9 402.4
Dividends payable 115.8 115.9
Accrued liabilities 393.3 253.5
Accrued interest 32.5 13.7
Federal and state income taxes payable 15.2 0.0
Total current liabilities 1,100.5 1,265.7
Long-term liabilities:    
Long-term debt 2,473.7 2,472.2
Operating lease obligations 189.4 212.1
Finance lease obligations 7.2 8.7
Deferred income taxes 540.5 558.0
Compensation and benefits 98.5 106.4
Other long-term liabilities 80.4 60.7
Total long-term liabilities 3,389.7 3,418.1
Commitments and contingent liabilities (Note 19)
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 September 30, 2024 and December 31, 2023, respectively 0.9 0.9
Additional paid in capital 660.6 620.1
Retained earnings 3,669.1 3,447.2
Accumulated other comprehensive loss (67.0) (70.9)
Total stockholders' equity 4,263.6 3,997.3
Total liabilities and stockholders' equity $ 8,753.8 $ 8,681.1
[1] As of September 30, 2024, there are no unamortized debt issuance costs associated with the current portion of long-term debt, as the 2024 senior notes due September 2024 were repaid on September 15, 2024. As of December 31, 2023, the current portion of long-term debt excludes unamortized debt issuance costs of $0.3 million.