XML 9 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 89.2 $ 125.4
Accounts receivable, net 258.6 212.0
Inventories, net 381.5 356.2
Contract assets 35.7 29.8
Prepaid expenses and other current assets 50.0 50.6
Assets held for sale 7.5 7.5
Total current assets 822.5 781.5
Property, plant and equipment 3,206.6 3,163.1
Less accumulated depreciation (1,602.0) (1,566.4)
Net property, plant and equipment 1,604.6 1,596.7
Goodwill and other intangible assets, net 240.2 237.0
Investments in affiliated companies 5.0 5.0
Other assets 106.9 105.4
Total assets 2,779.2 2,725.6
Current liabilities:    
Short-term borrowings 0.1 0.1
Accounts payable 117.7 142.3
Accrued compensation and benefits 87.6 99.7
Financial instruments 2.8 8.0
Accrued liabilities 105.1 99.2
Liabilities held for sale 4.2 4.2
Total current liabilities 317.5 353.5
Long-term debt 787.1 700.6
Retirement obligations 30.0 31.9
Deferred income taxes 84.1 81.2
Other non-current liabilities 27.9 30.5
Total liabilities 1,246.6 1,197.7
Stockholders' equity:    
Common stock, $0.01 par value, 200.0 shares authorized, 111.9 shares and 111.6 shares issued at March 31, 2025 and December 31, 2024, respectively 1.1 1.1
Additional paid-in capital 981.0 970.0
Retained earnings 2,266.6 2,251.5
Accumulated other comprehensive loss (81.3) (115.0)
Total stockholders' equity including treasury stock value 3,167.4 3,107.6
Less -Treasury stock, at cost, 31.5 shares at March 31, 2025 and 30.6 shares at December 31, 2024 (1,634.8) (1,579.7)
Total stockholders' equity 1,532.6 1,527.9
Total liabilities and stockholders' equity $ 2,779.2 $ 2,725.6