XML 9 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 77.2 $ 125.4
Accounts receivable, net 271.4 212.0
Inventories, net 375.4 356.2
Contract assets 40.7 29.8
Prepaid expenses and other Current Assets 75.2 50.6
Assets held for sale 7.5 7.5
Total current assets 847.4 781.5
Property, plant and equipment 3,298.1 3,163.1
Less accumulated depreciation (1,669.1) (1,566.4)
Net property, plant and equipment 1,629.0 1,596.7
Goodwill and other intangible assets, net 243.2 237.0
Investments in affiliated companies 5.0 5.0
Other assets 118.7 105.4
Total assets 2,843.3 2,725.6
Current liabilities:    
Short-term borrowings 0.0 0.1
Accounts payable 111.1 142.3
Accrued compensation and benefits 71.3 99.7
Financial instruments 2.1 8.0
Accrued liabilities 126.8 99.2
Liabilities held for sale 4.2 4.2
Total current liabilities 315.5 353.5
Long-term debt 827.7 700.6
Retirement obligations 31.0 31.9
Deferred income taxes 82.9 81.2
Other non-current liabilities 32.3 30.5
Total liabilities 1,289.4 1,197.7
Stockholders' equity:    
Common stock, $0.01 par value, 200.0 shares authorized, 112.0 shares and 111.6 shares issued at June 30, 2025 and December 31, 2024, respectively 1.1 1.1
Additional paid-in capital 985.4 970.0
Retained earnings 2,266.4 2,251.5
Accumulated other comprehensive loss (13.6) (115.0)
Total stockholders' equity including treasury stock value 3,239.3 3,107.6
Less - Treasury stock, at cost, 32.4 shares at June 30, 2025 and 30.6 shares at December 31, 2024 (1,685.4) (1,579.7)
Total stockholders' equity 1,553.9 1,527.9
Total liabilities and stockholders' equity $ 2,843.3 $ 2,725.6