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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 72.5 $ 177.7
Short-term investments 30.0 114.0
Receivables:    
Trade receivables – net 116.7 129.3
Other 6.1 10.9
Inventories 219.6 214.7
Prepaid expenses and other current assets 56.7 178.6
Total current assets 501.6 825.2
Property, plant and equipment – net 495.4 454.9
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 at December 31, 2015 and $127.0 at December 31, 2014, respectively – see Note 5) 162.6 30.9
Intangible assets – net 30.5 32.1
Goodwill 37.2 37.2
Other assets 22.8 23.3
Total 1,250.1 1,743.7
Current liabilities:    
Accounts payable 76.7 81.4
Accrued salaries, wages and related expenses 39.8 39.6
Other accrued liabilities 52.7 132.8
Current portion of long-term debt 0.0 172.5
Short-term capital leases 0.1 0.1
Total current liabilities 169.3 426.4
Net liabilities of Salaried VEBA 19.0 17.2
Deferred tax liabilities 2.1 0.9
Long-term liabilities 87.5 58.3
Long-term debt 197.8 225.0
Total liabilities $ 475.7 $ 727.8
Commitments and contingencies – Note 9
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both December 31, 2015 and December 31, 2014; no shares were issued and outstanding at December 31, 2015 and December 31, 2014 $ 0.0 $ 0.0
Common stock, par value $0.01, 90,000,000 shares authorized at both December 31, 2015 and December 31, 2014; 22,291,180 shares issued and 18,053,747 shares outstanding at December 31, 2015; 21,197,164 shares issued and 17,607,251 shares outstanding at December 31, 2014 0.2 0.2
Additional paid in capital 1,036.5 1,028.5
Retained earnings 15.9 280.4
Treasury stock, at cost, 4,237,433 shares at December 31, 2015 and 3,589,913 shares at December 31, 2014 (246.5) (197.1)
Accumulated other comprehensive loss (31.7) (96.1)
Total stockholders’ equity 774.4 1,015.9
Total $ 1,250.1 $ 1,743.7