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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 261.0 $ 303.2
Receivables:    
Trade receivables, net 432.2 332.7
Other 50.6 53.0
Contract assets 74.9 63.2
Inventories 431.5 404.6
Prepaid expenses and other current assets 71.2 48.7
Total current assets 1,321.4 1,205.4
Property, plant and equipment, net 960.2 955.2
Operating lease assets 44.9 46.2
Deferred tax assets, net 3.2 3.4
Intangible assets, net 64.2 67.7
Goodwill 39.3 39.3
Other assets 108.2 105.2
Total 2,541.4 2,422.4
Current liabilities:    
Accounts payable 442.8 351.4
Accrued salaries, wages and related expenses 40.9 46.9
Other accrued liabilities 70.9 58.4
Total current liabilities 554.6 456.7
Long-term portion of operating lease liabilities 40.5 40.8
Pension and other postretirement benefits 88.7 92.5
Net liabilities of Salaried VEBA 20.3 20.6
Deferred tax liabilities 17.9 10.5
Long-term liabilities 74.4 72.5
Long-term debt 1,036.8 1,036.3
Total liabilities 1,833.2 1,729.9
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both March 31, 2022 and December 31, 2021; no shares were issued and outstanding at March 31, 2022 and December 31, 2021
Common stock, par value $0.01, 90,000,000 shares authorized at both March 31, 2022 and December 31, 2021; 22,739,402 shares issued and 15,904,116 shares outstanding at March 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 1,081.0 1,078.9
Retained earnings 88.6 93.0
Treasury stock, at cost, 6,835,286 shares at both March 31, 2022 and December 31, 2021 (475.9) (475.9)
Accumulated other comprehensive income (loss) 14.3 (3.7)
Total stockholders’ equity 708.2 692.5
Total $ 2,541.4 $ 2,422.4