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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 249.3 $ 102.4
Trade receivables (net of allowance for doubtful accounts of $6.3 and $9.0, respectively) 352.7 383.8
Inventories, net 469.3 417.4
Prepaid expenses and other assets (a) [1] 140.2 136.0
Total current assets 1,211.5 1,039.6
Property, plant and equipment (net of accumulated depreciation of $562.3 and $551.3, respectively) 251.6 297.3
Deferred income taxes 33.9 42.8
Goodwill 562.2 562.8
Intangible assets (net of accumulated amortization and impairment of $378.1 and $326.4, respectively) 334.1 392.2
Other assets 96.5 97.8
Total assets 2,489.8 2,432.5
Current liabilities:    
Short-term borrowings 0.2 0.7
Current portion of long-term debt 746.9 137.2
Accounts payable 125.9 217.7
Accrued expenses and other current liabilities 387.0 432.0
Total current liabilities 1,260.0 787.6
Long-term debt 0.1 3,305.5
Long-term pension and other post-retirement plan liabilities 84.5 147.3
Other long-term liabilities 96.7 206.2
Liabilities subject to compromise 3,711.2 0.0
Stockholders’ deficiency:    
Class A Common Stock, par value $0.01 per share: 900,000,000 shares authorized; 58,849,572 and 58,005,142 shares issued, respectively 0.5 0.5
Additional paid-in capital 1,110.1 1,096.3
Treasury stock, at cost: 2,424,166 and 1,992,957 shares of Class A Common Stock, respectively (40.9) (37.6)
Accumulated deficit (3,512.5) (2,838.6)
Accumulated other comprehensive loss (219.9) (234.7)
Total stockholders’ deficiency (2,662.7) (2,014.1)
Total liabilities and stockholder’s (deficiency) equity $ 2,489.8 $ 2,432.5
[1] Includes restricted cash of $3.8 million and $18.5 million for December 31, 2022 and 2021, respectively.