XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 44.6 $ 57.4
Receivables:    
Trade receivables, net 351.5 297.2
Other 7.6 73.5
Contract assets 52.6 58.6
Inventories 488.6 525.4
Prepaid expenses and other current assets 39.5 30.5
Total current assets 984.4 1,042.6
Property, plant and equipment, net 1,057.5 1,013.2
Operating lease assets 34.6 39.1
Deferred tax assets, net 5.0 7.5
Intangible assets, net 51.1 55.3
Goodwill 18.8 18.8
Other assets 116.7 112.3
Total 2,268.1 2,288.8
Current liabilities:    
Accounts payable 243.2 305.1
Accrued salaries, wages and related expenses 50.7 45.2
Other accrued liabilities 73.1 68.4
Total current liabilities 367.0 418.7
Long-term portion of operating lease liabilities 31.1 35.4
Pension and other postretirement benefits 79.4 69.3
Net liabilities of Salaried VEBA 17.0 16.5
Deferred tax liabilities 8.0 4.9
Long-term liabilities 85.5 74.7
Long-term debt, net 1,039.4 1,038.1
Total liabilities 1,627.4 1,657.6
Commitments and contingencies - Note 7
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both September 30, 2023 and December 31, 2022; no shares were issued and outstanding at September 30, 2023 and December 31, 2022
Common stock, par value $0.01, 90,000,000 shares authorized at both September 30, 2023 and December 31, 2022, 22,849,104 shares issued and 16,013,818 shares outstanding at September 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 1,100.4 1,090.4
Retained earnings 15.2 13.3
Treasury stock, at cost, 6,835,286 shares at both September 30, 2023 and December 31, 2022 (475.9) (475.9)
Accumulated other comprehensive income 0.8 3.2
Total stockholders’ equity 640.7 631.2
Total $ 2,268.1 $ 2,288.8