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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 57.4 $ 303.2
Receivables:    
Trade receivables, net 297.2 332.7
Other 73.5 53.0
Contract assets 58.6 63.2
Inventories 525.4 404.6
Prepaid expenses and other current assets 30.5 48.7
Total current assets 1,042.6 1,205.4
Property, plant and equipment, net 1,013.2 955.2
Operating lease assets 39.1 46.2
Deferred tax assets, net 7.5 3.4
Intangible assets, net 55.3 67.7
Goodwill 18.8 39.3
Other assets 112.3 105.2
Total 2,288.8 2,422.4
Current liabilities:    
Accounts payable 305.1 351.4
Accrued salaries, wages and related expenses 45.2 46.9
Other accrued liabilities 68.4 58.4
Total current liabilities 418.7 456.7
Long-term portion of operating lease liabilities 35.4 40.8
Pension and other postretirement benefits 69.3 92.5
Net liabilities of Salaried VEBA 16.5 20.6
Deferred tax liabilities 4.9 10.5
Long-term liabilities 74.7 72.5
Long-term debt 1,038.1 1,036.3
Total liabilities 1,657.6 1,729.9
Commitments and contingencies - Note 10
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both December 31, 2022 and December 31, 2021; no shares were issued and outstanding at December 31, 2022 and December 31, 2021
Common stock, par value $0.01, 90,000,000 shares authorized at both December 31, 2022 and December 31, 2021; 22,776,042 shares issued and 15,940,756 shares outstanding at December 31, 2022; 22,700,404 shares issued and 15,865,118 shares outstanding at December 31, 2021 0.2 0.2
Additional paid in capital 1,090.4 1,078.9
Retained earnings 13.3 93.0
Treasury stock, at cost, 6,835,286 shares at both December 31, 2022 and December 31, 2021 (475.9) (475.9)
Accumulated other comprehensive income (loss) 3.2 (3.7)
Total stockholders’ equity 631.2 692.5
Total $ 2,288.8 $ 2,422.4