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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 107.6 $ 124.4
Accounts receivable, net 277.5 266.8
Inventories, net 521.6 534.9
Income taxes receivable 20.3 19.7
Other current assets 36.2 28.9
Total current assets 963.2 974.7
Property, plant and equipment, net 874.7 874.9
Finance lease right-of-use assets 17.2 17.4
Operating lease right-of-use assets 46.5 35.8
Deferred income tax benefits 34.3 34.4
Investment in equity affiliates 56.1 59.1
Goodwill 874.9 847.2
Intangible assets, net 660.2 710.3
Other assets 121.8 115.4
Total assets 3,648.9 3,669.2
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current debt 34.7 34.6
Finance lease liabilities 0.9 0.9
Operating lease liabilities 8.6 9.3
Accounts payable 214.4 225.7
Income taxes payable 16.5 11.4
Accrued expenses and other current liabilities 151.1 184.2
Total current liabilities 426.2 466.1
Long-term debt 1,712.9 1,659.3
Finance lease liabilities, noncurrent 17.6 17.6
Operating lease liabilities, noncurrent 38.1 29.7
Long-term income tax payable 8.4 14.6
Pension and other postretirement benefits 79.1 81.6
Deferred income tax liabilities 160.0 172.2
Other liabilities 57.6 48.8
Total liabilities 2,499.9 2,489.9
Stockholders’ equity:    
Preferred stock, $0.10 par value; 10,000,000 shares authorized; none issued or outstanding 0.0 0.0
Common stock, $0.10 par value; 100,000,000 shares authorized; 54,840,660 and 54,929,973 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 5.5 5.5
Additional paid-in-capital 665.7 658.5
Retained earnings 551.2 610.7
Accumulated other comprehensive loss, net of tax (73.4) (95.4)
Total stockholders’ equity 1,149.0 1,179.3
Total liabilities and stockholders’ equity $ 3,648.9 $ 3,669.2