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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 123.1 $ 90.2
Trade and other accounts receivable (less allowances of $2.9 million and $4.1 million, respectively) 279.7 244.5
Inventories (less allowances of $13.6 million and $12.6 million, respectively):    
Finished goods 180.2 145.9
Raw materials 67.8 63.9
Total inventories 248.0 209.8
Prepaid expenses 11.6 13.1
Prepaid income taxes 1.5 2.8
Other current assets 0.0 1.1
Total current assets 663.9 561.5
Net property, plant and equipment 196.4 196.0
Goodwill 364.9 361.8
Other intangible assets 136.3 163.3
Deferred tax assets 8.8 6.5
Pension asset 95.9 116.0
Other non-current assets 7.2 5.1
Total assets 1,473.4 1,410.2
Current liabilities:    
Accounts payable 126.8 117.9
Accrued liabilities 132.1 104.1
Current portion of long-term debt 21.4 15.8
Current portion of finance leases 1.8 2.7
Current portion of plant closure provisions 5.9 5.2
Current portion of accrued income taxes 8.6 15.8
Total current liabilities 296.6 261.5
Long-term debt, net of current portion 186.2 202.6
Finance leases, net of current portion 1.5 3.2
Plant closure provisions, net of current portion 43.6 40.9
Accrued income taxes, net of current portion 40.0 41.7
Unrecognized tax benefits, net of current portion 14.0 2.5
Deferred tax liabilities 48.2 45.0
Pension liabilities and post-employment benefits 15.7 16.5
Other non-current liabilities 2.1 2.0
Equity:    
Common stock, $0.01 par value, authorized 40,000,000 shares, issued 29,554,500 shares 0.3 0.3
Additional paid-in capital 324.9 320.4
Treasury stock (5,120,799 and 5,204,181 shares at cost, respectively) (92.8) (93.3)
Retained earnings 668.3 605.0
Accumulated other comprehensive loss (75.7) (38.5)
Total Innospec stockholders' equity 825.0 793.9
Non-controlling interest 0.5 0.4
Total equity 825.5 794.3
Total liabilities and equity $ 1,473.4 $ 1,410.2