XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 283.1 $ 780.3
Receivables:    
Trade receivables, net 389.2 112.8
Other 38.9 11.6
Contract assets 46.6 36.1
Inventories 383.2 152.0
Prepaid expenses and other current assets 59.6 28.6
Total current assets 1,200.6 1,121.4
Property, plant and equipment, net 951.9 627.2
Operating lease assets 39.5 26.5
Deferred tax assets, net 1.2  
Intangible assets, net 79.6 26.7
Goodwill 39.3 18.8
Other assets 102.4 44.1
Total 2,414.5 1,864.7
Current liabilities:    
Accounts payable 344.1 86.1
Accrued salaries, wages and related expenses 39.9 30.8
Other accrued liabilities 55.5 41.4
Total current liabilities 439.5 158.3
Long-term portion of operating lease liabilities 34.4 25.6
Pension and other postretirement benefits 87.0 1.3
Net liabilities of Salaried VEBA 17.0 17.8
Deferred tax liabilities 4.6 13.9
Long-term liabilities 75.8 77.3
Long-term debt 1,035.5 838.1
Total liabilities 1,693.8 1,132.3
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both June 30, 2021 and December 31, 2020; no shares were issued and outstanding at June 30, 2021 and December 31, 2020
Common stock, par value $0.01, 90,000,000 shares authorized at both June 30, 2021 and December 31, 2020; 22,695,106 shares issued and 15,859,820 shares outstanding at June 30, 2021; 22,647,455 shares issued and 15,812,169 shares outstanding at December 31, 2020 0.2 0.2
Additional paid in capital 1,073.2 1,068.6
Retained earnings 116.9 158.2
Treasury stock, at cost, 6,835,286 shares at both June 30, 2021 and December 31, 2020 (475.9) (475.9)
Accumulated other comprehensive income (loss) 6.3 (18.7)
Total stockholders’ equity 720.7 732.4
Total $ 2,414.5 $ 1,864.7