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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 983.4 $ 974.6
Short-term marketable debt securities 102.5 105.6
Accounts receivable, net of allowance for credit losses and customer deductions of $12.8 million as of March 31, 2021 and $10.6 million December 31, 2020, respectively 908.6 832.4
Inventories 799.6 787.9
Prepaid expenses and other current assets 62.8 44.7
Federal and state income taxes receivable   5.1
Total current assets 2,856.9 2,750.3
Property, plant, and equipment, net 3,212.5 3,193.4
Goodwill 863.5 863.5
Other intangible assets, net 286.3 295.9
Operating lease right-of-use assets 231.5 234.2
Long-term marketable debt securities 47.0 42.7
Other long-term assets 51.3 53.2
Total assets 7,549.0 7,433.2
Current liabilities:    
Operating lease obligations 69.3 68.9
Finance lease obligations 1.7 1.6
Accounts payable 402.5 387.0
Dividends payable 97.6 97.0
Accrued liabilities 184.0 216.2
Accrued interest 28.1 11.9
Federal and state income taxes payable 22.6  
Total current liabilities 805.8 782.6
Long-term liabilities:    
Long-term debt 2,480.0 2,479.4
Operating lease obligations 170.0 173.6
Finance lease obligations 14.0 14.4
Deferred income taxes 392.6 379.4
Compensation and benefits 295.8 298.3
Other long-term liabilities 59.6 59.2
Total long-term liabilities 3,412.0 3,404.3
Commitments and contingent liabilities
Stockholders' equity:    
Common stock, par value $0.01 per share, 300.0 million shares authorized, 95.0 million and 94.8 million shares issued as of March 31, 2021 and December 31, 2020, respectively 1.0 0.9
Additional paid in capital 566.0 554.4
Retained earnings 2,906.3 2,835.5
Accumulated other comprehensive loss (142.1) (144.5)
Total stockholders' equity 3,331.2 3,246.3
Total liabilities and stockholders' equity $ 7,549.0 $ 7,433.2