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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 82.6 $ 177.7
Short-term investments 30.0 114.0
Receivables:    
Trade receivables – net 131.6 129.3
Other 4.4 10.9
Inventories 217.3 214.7
Prepaid expenses and other current assets 98.6 178.6
Total current assets 564.5 825.2
Property, plant and equipment – net 472.7 454.9
Net assets of Union VEBA 0.0 340.1
Deferred tax assets – net (including deferred tax liability relating to the Union VEBA of $0.0 and $127.0 at September 30, 2015 and December 31, 2014, respectively) 135.7 30.9
Intangible assets – net 30.9 32.1
Goodwill 37.2 37.2
Other assets 22.1 23.3
Total 1,263.1 1,743.7
Current liabilities:    
Accounts payable 69.3 81.4
Accrued salaries, wages and related expenses 38.4 39.6
Other accrued liabilities 61.4 132.8
Current portion of long-term debt 0.0 172.5
Short-term capital leases 0.1 0.1
Total current liabilities 169.2 426.4
Net liabilities of Salaried VEBA 15.9 17.2
Deferred tax liabilities 0.8 0.9
Long-term liabilities 86.0 58.3
Long-term debt 218.9 225.0
Total liabilities $ 490.8 $ 727.8
Commitments and contingencies – Note 7
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both September 30, 2015 and December 31, 2014; no shares were issued and outstanding at September 30, 2015 and December 31, 2014 $ 0.0 $ 0.0
Common stock, par value $0.01, 90,000,000 shares authorized at both September 30, 2015 and at December 31, 2014; 21,793,040 shares issued and 17,603,730 shares outstanding at September 30, 2015; 21,197,164 shares issued and 17,607,251 shares outstanding at December 31, 2014 0.2 0.2
Additional paid in capital 1,033.6 1,028.5
Retained earnings 9.7 280.4
Treasury stock, at cost, 4,189,310 shares at September 30, 2015 and 3,589,913 shares at December 31, 2014, respectively (242.5) (197.1)
Accumulated other comprehensive loss (28.7) (96.1)
Total stockholders’ equity 772.3 1,015.9
Total $ 1,263.1 $ 1,743.7