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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 511.5 $ 530.2
Accounts receivable, net 820.2 762.8
Inventories, net 463.9 410.4
Prepaid expenses and other 197.8 152.6
Total current assets 1,993.4 1,856.0
Property, plant and equipment, net 1,903.0 1,996.1
Deferred income taxes 119.0 121.1
Goodwill 181.6 183.8
Other intangible assets, net 616.2 697.2
GM postretirement cost sharing asset 127.6 201.1
Operating lease right-of-use assets 107.2 123.7
Other assets and deferred charges 421.4 456.7
Total assets 5,469.4 5,635.7
Current liabilities    
Current portion of long-term debt 75.9 18.8
Accounts payable 734.0 612.8
Accrued compensation and benefits 186.6 195.2
Deferred revenue 28.1 28.1
Current portion of operating lease liabilities 21.1 24.6
Accrued expenses and other 153.6 160.4
Total current liabilities 1,199.3 1,039.9
Long-term debt, net 2,845.1 3,085.7
Deferred revenue 73.4 94.8
Deferred income taxes 10.7 13.5
Long-term portion of operating lease liabilities 87.2 99.9
Postretirement benefits and other long-term liabilities 626.4 844.1
Total liabilities 4,842.1 5,177.9
Stockholders' equity    
Preferred stock, par value $0.01 per share; 10.0 million shares authorized; no shares outstanding in 2022 or 2021 0.0 0.0
Series common stock, par value $0.01 per share; 40.0 million shares authorized; no shares outstanding in 2022 or 2021 0.0 0.0
Common stock, par value $0.01 per share; 150.0 million shares authorized; 123.3 million and 122.5 million shares issued as of December 31, 2022 and December 31, 2021, respectively 1.3 1.3
Paid-in capital 1,369.2 1,351.5
Accumulated deficit (249.6) (313.9)
Treasury stock at cost, 8.7 million shares in 2022 and 8.5 million shares in 2021 (218.2) (216.3)
Accumulated other comprehensive income (loss)    
Defined benefit plans, net of tax (146.9) (241.9)
Foreign currency translation adjustments (149.7) (111.3)
Unrecognized gain (loss) on cash flow hedges, net of tax 21.2 (11.6)
Total stockholders' equity 627.3 457.8
Total liabilities and stockholders' equity $ 5,469.4 $ 5,635.7