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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 573.2 $ 320.0
Short-term marketable debt securities 104.0 85.2
Accounts receivable, net of allowance for credit losses and customer deductions of $13.4 million and $19.6 million as of September 30, 2023 and December 31, 2022, respectively 1,045.2 1,031.8
Inventories 986.1 977.3
Prepaid expenses and other current assets 64.8 58.3
Federal and state income taxes receivable 0.0 35.7
Total current assets 2,773.3 2,508.3
Property, plant, and equipment, net 3,863.4 3,900.0
Goodwill 922.4 922.4
Other intangible assets, net 239.2 267.9
Operating lease right-of-use assets 279.0 298.3
Long-term marketable debt securities 49.3 64.9
Other long-term assets 51.0 42.0
Total assets 8,177.6 8,003.8
Current liabilities:    
Less current portion [1] 399.5 0.0
Operating lease obligations 77.1 72.2
Finance lease obligations 2.0 1.9
Accounts payable 405.9 410.4
Dividends payable 115.4 115.5
Accrued liabilities 245.1 263.7
Accrued interest 25.5 11.8
Federal and state income taxes payable 8.4 0.0
Total current liabilities 1,278.9 875.5
Long-term liabilities:    
Long-term debt 2,075.7 2,473.6
Operating lease obligations 213.0 234.6
Finance lease obligations 9.3 10.8
Deferred income taxes 536.8 543.0
Compensation and benefits 116.4 141.8
Other long-term liabilities 60.3 57.4
Total long-term liabilities 3,011.5 3,461.2
Commitments and contingent liabilities
Stockholders' equity:    
Common stock, par value $0.01 per share, 300.0 million shares authorized, 89.6 million and 89.7 million shares issued as of September 30, 2023 and December 31, 2022, respectively 0.9 0.9
Additional paid in capital 612.5 581.8
Retained earnings 3,370.5 3,186.8
Accumulated other comprehensive loss (96.7) (102.4)
Total stockholders' equity 3,887.2 3,667.1
Total liabilities and stockholders' equity $ 8,177.6 $ 8,003.8
[1] The current portion of long-term debt excludes unamortized debt issuance costs of $0.4 million at September 30, 2023.