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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 31.5 $ 57.4
Receivables:    
Trade receivables, net 365.0 297.2
Other 42.6 73.5
Contract assets 52.9 58.6
Inventories 537.7 525.4
Prepaid expenses and other current assets 30.2 30.5
Total current assets 1,059.9 1,042.6
Property, plant and equipment, net 1,037.8 1,013.2
Operating lease assets 38.8 39.1
Deferred tax assets, net 4.5 7.5
Intangible assets, net 53.9 55.3
Goodwill 18.8 18.8
Other assets 116.0 112.3
Total 2,329.7 2,288.8
Current liabilities:    
Accounts payable 282.3 305.1
Accrued salaries, wages and related expenses 42.7 45.2
Other accrued liabilities 80.9 68.4
Total current liabilities 405.9 418.7
Long-term portion of operating lease liabilities 35.2 35.4
Pension and other postretirement benefits 69.9 69.3
Net liabilities of Salaried VEBA 16.7 16.5
Deferred tax liabilities 5.7 4.9
Long-term liabilities 82.8 74.7
Long-term debt, net 1,077.9 1,038.1
Total liabilities 1,694.1 1,657.6
Commitments and contingencies - Note 7
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both March 31, 2023 and December 31, 2022; no shares were issued and outstanding at March 31, 2023 and December 31, 2022
Common stock, par value $0.01, 90,000,000 shares authorized at both March 31, 2023 and December 31, 2022; 22,809,322 shares issued and 15,974,036 shares outstanding at March 31, 2023; 22,776,042 shares issued and 15,940,756 shares outstanding at December 31, 2022 0.2 0.2
Additional paid in capital 1,092.5 1,090.4
Retained earnings 16.7 13.3
Treasury stock, at cost, 6,835,286 shares at both March 31, 2023 and December 31, 2022 (475.9) (475.9)
Accumulated other comprehensive income 2.1 3.2
Total stockholders’ equity 635.6 631.2
Total $ 2,329.7 $ 2,288.8