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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 19.8 $ 57.4
Receivables:    
Trade receivables, net 363.6 297.2
Other 25.3 73.5
Contract assets 56.3 58.6
Inventories 497.9 525.4
Prepaid expenses and other current assets 33.7 30.5
Total current assets 996.6 1,042.6
Property, plant and equipment, net 1,041.0 1,013.2
Operating lease assets 36.9 39.1
Deferred tax assets, net 5.1 7.5
Intangible assets, net 52.5 55.3
Goodwill 18.8 18.8
Other assets 116.6 112.3
Total 2,267.5 2,288.8
Current liabilities:    
Accounts payable 236.2 305.1
Accrued salaries, wages and related expenses 48.1 45.2
Other accrued liabilities 70.4 68.4
Total current liabilities 354.7 418.7
Long-term portion of operating lease liabilities 33.3 35.4
Pension and other postretirement benefits 78.2 69.3
Net liabilities of Salaried VEBA 16.9 16.5
Deferred tax liabilities 6.5 4.9
Long-term liabilities 85.9 74.7
Long-term debt, net 1,053.9 1,038.1
Total liabilities 1,629.4 1,657.6
Commitments and contingencies - Note 7
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both June 30, 2023 and December 31, 2022; no shares were issued and outstanding at June 30, 2023 and December 31, 2022
Common stock, par value $0.01, 90,000,000 shares authorized at both June 30, 2023 and December 31, 2022, 22,848,450 shares issued and 16,013,164 shares outstanding at June 30, 2023, 22,776,042 shares issued and 15,940,756 shares outstanding at December 31, 2022 0.2 0.2
Additional paid in capital 1,096.6 1,090.4
Retained earnings 22.4 13.3
Treasury stock, at cost, 6,835,286 shares at both June 30, 2023 and December 31, 2022 (475.9) (475.9)
Accumulated other comprehensive (loss) income (5.2) 3.2
Total stockholders’ equity 638.1 631.2
Total $ 2,267.5 $ 2,288.8