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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Millions, $ in Millions
Sep. 30, 2024
Dec. 31, 2023
Sep. 30, 2023
Assets      
Cash and cash equivalents $ 433.2 $ 931.1 $ 340.0
Restricted cash 1.1 18.1 5.0
Accounts and notes receivable, gross 1,030.9 903.3 1,199.2
Allowance for credit losses (13.5) (13.6) (14.7)
Accounts and notes receivable, net 1,017.4 889.7 1,184.5
Inventories 647.7 615.6 570.6
Other current assets 113.5 70.4 106.0
Assets held for sale 0.0 0.0 495.1
Total current assets 2,212.9 2,524.9 2,701.2
Investments and long-term receivables 31.4 31.3 31.2
Property, plant & equipment, cost 12,350.5 11,835.5 11,610.4
Allowances for depreciation, depletion & amortization (5,937.0) (5,617.8) (5,498.4)
Property, plant & equipment, net 6,413.5 6,217.7 6,112.0
Operating lease right-of-use assets, net 508.3 511.7 521.5
Goodwill 3,450.0 3,531.7 3,531.7
Other intangible assets, net 1,448.3 1,460.7 1,471.8
Other noncurrent assets 287.5 267.7 251.1
Total assets 14,351.9 14,545.7 14,620.5
Liabilities      
Current maturities of long-term debt 0.5 0.5 0.5
Trade payables and accruals 352.6 390.4 412.8
Other current liabilities 421.0 406.7 440.8
Liabilities held for sale 0.0 0.0 10.1
Total current liabilities 774.1 797.6 864.2
Long-term debt 3,329.2 3,877.3 3,874.3
Deferred income taxes, net 1,000.3 1,028.9 1,068.3
Deferred revenue 139.4 145.3 147.4
Noncurrent operating lease liabilities 503.5 507.4 516.0
Other noncurrent liabilities 712.3 681.3 685.1
Total liabilities 6,458.8 7,037.8 7,155.3
Other commitments and contingencies (Note 8)
Common stock, outstanding (in shares) 132.1 132.1 132.9
Equity      
Common stock, $1 par value, Authorized 480.0 shares, Outstanding 132.1, 132.1 and 132.9 shares, respectively $ 132.1 $ 132.1 $ 132.9
Capital in excess of par value 2,895.0 2,880.1 2,862.4
Retained earnings 4,980.7 4,615.0 4,595.0
Accumulated other comprehensive loss (138.8) (143.8) (149.7)
Total shareholders' equity 7,869.0 7,483.4 7,440.6
Noncontrolling interest 24.1 24.5 24.6
Total equity 7,893.1 7,507.9 7,465.2
Total liabilities and equity $ 14,351.9 $ 14,545.7 $ 14,620.5