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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 764.0 $ 679.5
Short-term marketable debt securities 92.3 87.9
Accounts receivable, net of allowance for credit losses and customer deductions of $13.3 million and $12.6 million as of March 31, 2020, and December 31, 2019, respectively 879.5 845.6
Inventories 809.9 794.1
Prepaid expenses and other current assets 67.9 44.8
Federal and state income taxes receivable   26.5
Total current assets 2,613.6 2,478.4
Property, plant, and equipment, net 3,138.6 3,151.7
Goodwill 918.7 918.7
Other intangible assets, net 329.2 338.8
Operating lease right-of-use assets 235.3 234.3
Long-term marketable debt securities 57.1 58.1
Other long-term assets 55.1 55.8
Total assets 7,347.6 7,235.8
Current liabilities:    
Operating lease obligations 64.3 62.6
Finance lease obligations 1.6 1.5
Accounts payable 389.0 351.9
Dividends payable 77.0 76.6
Accrued liabilities 178.8 217.5
Accrued interest 30.2 13.7
Federal and state income taxes payable 3.7  
Total current liabilities 744.6 723.8
Long-term liabilities:    
Long-term debt 2,477.4 2,476.8
Operating lease obligations 177.2 177.6
Finance lease obligations 15.6 16.0
Deferred income taxes 354.3 340.1
Compensation and benefits 372.3 375.5
Other long-term liabilities 56.3 55.0
Total long-term liabilities 3,453.1 3,441.0
Commitments and contingent liabilities
Stockholders' equity:    
Common stock, par value $0.01 per share, 300.0 million shares authorized, 94.8 million and 94.7 million shares issued as of March 31, 2020 and December 31, 2019, respectively 0.9 0.9
Additional paid in capital 534.9 524.8
Retained earnings 2,771.1 2,704.8
Accumulated other comprehensive loss (157.0) (159.5)
Total stockholders' equity 3,149.9 3,071.0
Total liabilities and stockholders' equity $ 7,347.6 $ 7,235.8