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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 84.7 $ 101.1
Accounts receivable, net 179.3 178.2
Inventories, net 364.6 414.6
Income taxes receivable 18.4 19.4
Other current assets 29.1 27.6
Current assets held for sale 238.3 233.8
Total current assets 914.4 974.7
Property, plant and equipment, net 665.2 691.5
Finance lease right-of-use assets 16.7 17.3
Operating lease right-of-use assets 38.9 30.6
Deferred income tax benefits 2.8 34.4
Goodwill 468.0 844.2
Intangible assets, net 636.6 710.3
Other assets 128.6 110.1
Noncurrent assets held for sale 246.6 256.1
Total assets 3,117.8 3,669.2
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current debt 34.5 33.6
Finance lease liabilities 0.9 0.9
Operating lease liabilities 8.5 8.5
Accounts payable 149.3 180.6
Income taxes payable 11.8 10.2
Accrued expenses and other current liabilities 108.8 129.0
Current liabilities held for sale 89.7 103.4
Total current liabilities 403.5 466.2
Long-term debt 1,704.0 1,656.4
Finance lease liabilities, noncurrent 17.1 17.6
Operating lease liabilities, noncurrent 30.5 25.0
Long-term income tax payable 7.7 13.9
Pension and other postretirement benefits 55.6 60.3
Deferred income tax liabilities 137.2 152.1
Other liabilities 26.2 31.5
Noncurrent liabilities held for sale 63.0 66.9
Total liabilities 2,444.8 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; 54,454,709 and 54,929,973 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 5.4 5.5
Additional paid-in-capital 668.3 658.5
Retained earnings 86.3 610.7
Accumulated other comprehensive loss, net of tax (87.0) (95.4)
Total stockholders’ equity 673.0 1,179.3
Total liabilities and stockholders’ equity $ 3,117.8 $ 3,669.2