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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 972.2 [1] $ 974.6
Short-term marketable debt securities 101.7 [1] 105.6
Accounts receivable, net of allowance for credit losses and customer deductions of $13.7 million as of June 30, 2021 and $10.6 million December 31, 2020, respectively 981.4 832.4
Inventories 827.2 787.9
Prepaid expenses and other current assets 78.6 44.7
Federal and state income taxes receivable 0.0 5.1
Total current assets 2,961.1 2,750.3
Property, plant, and equipment, net 3,240.5 3,193.4
Goodwill 863.5 863.5
Other intangible assets, net 277.0 295.9
Operating lease right-of-use assets 233.0 234.2
Long-term marketable debt securities 49.9 [1] 42.7
Other long-term assets 48.6 53.2
Total assets 7,673.6 7,433.2
Current liabilities:    
Operating lease obligations 68.8 68.9
Finance lease obligations 1.7 1.6
Accounts payable 405.3 387.0
Dividends payable 97.4 97.0
Accrued liabilities 231.4 216.2
Accrued interest 11.6 11.9
Federal and state income taxes payable 0.6 0.0
Total current liabilities 816.8 782.6
Long-term liabilities:    
Long-term debt 2,479.8 2,479.4
Operating lease obligations 172.3 173.6
Finance lease obligations 13.5 14.4
Deferred income taxes 395.7 379.4
Compensation and benefits 294.3 298.3
Other long-term liabilities 56.9 59.2
Total long-term liabilities 3,412.5 3,404.3
Stockholders' equity:    
Common stock, par value $0.01 per share, 300.0 million shares authorized, 95.0 million and 94.8 million shares issued as of June 30, 2021 and December 31, 2020, respectively 1.0 0.9
Additional paid in capital 574.5 554.4
Retained earnings 3,008.5 2,835.5
Accumulated other comprehensive loss (139.7) (144.5)
Total stockholders' equity 3,444.3 3,246.3
Total liabilities and stockholders' equity $ 7,673.6 $ 7,433.2
[1] Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.