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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 361.5 $ 216.9
Accounts receivable, net of allowance for doubtful accounts and customer deductions of $13.6 million and $12.6 million as of December 31, 2018 and 2017, respectively 901.9 830.7
Inventories 795.6 762.5
Prepaid expenses and other current assets 39.4 35.5
Federal and state income taxes receivable 16.7 69.5
Total current assets 2,115.1 1,915.1
Property, plant and equipment, net 3,108.6 2,924.9
Goodwill 917.3 883.2
Other intangible assets, net 378.2 410.0
Other long-term assets 50.5 64.3
Total assets 6,569.7 6,197.5
Current liabilities:    
Current maturities of long-term debt 0.0 150.0
Capital lease obligations 1.4 1.3
Accounts payable 382.2 402.9
Dividends payable 76.1 60.5
Accrued liabilities 222.4 203.2
Accrued interest 11.5 14.8
Total current liabilities 693.6 832.7
Long-term liabilities:    
Long-term debt 2,483.7 2,480.4
Capital lease obligations 17.6 19.0
Deferred income taxes 285.2 239.5
Compensation and benefits 357.5 372.5
Other long-term liabilities 59.7 70.8
Total long-term liabilities 3,203.7 3,182.2
Commitments and contingent liabilities
Stockholders' equity:    
Common stock, par value $0.01 per share, 300.0 million shares authorized, 94.5 million and 94.3 million shares issued as of December 31, 2018 and 2017, respectively 0.9 0.9
Additional paid in capital 494.5 471.2
Retained earnings 2,315.8 1,867.4
Accumulated other comprehensive loss (138.8) (156.9)
Total stockholders' equity 2,672.4 2,182.6
Total liabilities and stockholders' equity $ 6,569.7 $ 6,197.5