XML 9 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 98.2 $ 227.0
Accounts receivable, net 258.6 234.7
Inventories, net 376.0 334.4
Contract assets 35.5 25.1
Prepaid expenses and other current assets 59.7 43.0
Total current assets 828.0 864.2
Property, plant and equipment 3,270.5 3,195.5
Less accumulated depreciation (1,612.9) (1,516.8)
Net property, plant and equipment 1,657.6 1,678.7
Goodwill and other intangible assets, net 247.7 251.3
Investments in affiliated companies 5.0 5.0
Other assets 124.0 119.3
Total assets 2,862.3 2,918.5
Current liabilities:    
Short-term borrowings 0.1 0.1
Accounts payable 124.2 159.1
Accrued compensation and benefits 95.6 75.7
Financial instruments 0.4 6.0
Accrued liabilities 79.7 75.0
Total current liabilities 300.0 315.9
Long-term debt 805.1 699.4
Retirement obligations 32.7 42.6
Deferred income taxes 106.4 110.6
Other non-current liabilities 28.6 33.5
Total liabilities 1,272.8 1,202.0
Stockholders' equity:    
Common stock, $0.01 par value, 200.0 shares authorized, 111.5 shares and 110.8 shares issued at September 30, 2024 and December 31, 2023, respectively 1.1 1.1
Additional paid-in capital 964.1 936.8
Retained earnings 2,257.8 2,168.7
Accumulated other comprehensive loss (53.9) (74.1)
Total stockholders' equity including treasury stock value 3,169.1 3,032.5
Less - Treasury stock, at cost, 30.5 shares at September 30, 2024 and 26.7 shares at December 31, 2023 (1,579.6) (1,316.0)
Total stockholders' equity 1,589.5 1,716.5
Total liabilities and stockholders' equity $ 2,862.3 $ 2,918.5