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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 685.0 $ 648.0
Short-term marketable debt securities ($102.0 million and $93.5 million measured at fair value as of December 31, 2024 and December 31, 2023, respectively) 102.0 493.5
Accounts receivable, net of allowance for credit losses and customer deductions of $20.6 million and $13.1 million as of December 31, 2024 and December 31, 2023, respectively 1,144.0 1,033.2
Inventories 1,124.9 1,013.1
Prepaid expenses and other current assets 166.9 62.3
Federal and state income taxes receivable 10.2 4.3
Total current assets 3,233.0 3,254.4
Property, plant and equipment, net 4,039.0 3,863.8
Goodwill 922.4 922.4
Other intangible assets, net 191.9 229.6
Operating lease right-of-use assets 276.9 279.6
Long-term marketable debt securities 65.2 64.1
Other long-term assets 104.8 67.2
Total assets 8,833.2 8,681.1
Current liabilities:    
Current maturities of long-term debt [1] 0.0 399.6
Operating lease obligations 80.5 78.6
Finance lease obligations 2.1 2.0
Accounts payable 430.3 402.4
Dividends payable 116.3 115.9
Accrued liabilities 362.9 253.5
Accrued interest 9.5 13.7
Total current liabilities 1,001.6 1,265.7
Long-term liabilities:    
Total long-term debt 2,474.2 2,472.2
Operating lease obligations 208.0 212.1
Finance lease obligations 6.7 8.7
Deferred income taxes 561.9 558.0
Compensation and benefits 95.9 106.4
Other long-term liabilities 80.9 60.7
Total long-term liabilities 3,427.6 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 December 31, 2024 and December 31, 2023, respectively 0.9 0.9
Additional paid in capital 669.8 620.1
Retained earnings 3,776.7 3,447.2
Accumulated other comprehensive loss (43.4) (70.9)
Total stockholders' equity 4,404.0 3,997.3
Total liabilities and stockholders' equity $ 8,833.2 $ 8,681.1
[1] As of December 31, 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.