v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2024
Assets      
Cash and cash equivalents $ 347.4 $ 559.7 $ 111.0
Restricted cash 3.6 41.1 0.6
Accounts and notes receivable, gross 1,092.2 905.5 1,075.5
Allowance for credit losses (13.3) (13.2) (14.3)
Accounts and notes receivable, net 1,078.9 892.3 1,061.2
Inventories 725.5 681.8 650.3
Other current assets 88.1 90.8 153.4
Total current assets 2,243.5 2,265.7 1,976.5
Investments and long-term receivables 32.9 31.3 31.4
Property, plant & equipment, cost 14,558.8 14,516.8 12,240.8
Allowances for depreciation, depletion & amortization (6,222.0) (6,055.3) (5,825.0)
Property, plant & equipment, net 8,336.8 8,461.5 6,415.8
Operating lease right-of-use assets, net 546.1 526.4 511.8
Goodwill 3,831.8 3,788.1 3,536.6
Other intangible assets, net 1,831.6 1,883.0 1,623.3
Other noncurrent assets 152.0 148.8 121.0
Total assets 16,974.7 17,104.8 14,216.4
Liabilities      
Current maturities of long-term debt 0.5 400.5 0.5
Total short-term debt 550.0 0.0 95.0
Trade payables and accruals 383.5 407.0 326.6
Other current liabilities 407.9 431.6 374.7
Total current liabilities 1,341.9 1,239.1 796.8
Long-term debt 4,359.2 4,906.9 3,331.7
Deferred income taxes, net 1,323.6 1,336.5 1,011.5
Deferred revenue 134.3 137.8 141.4
Noncurrent operating lease liabilities 536.1 521.4 507.5
Other noncurrent liabilities 849.9 820.6 697.1
Total liabilities 8,545.0 8,962.3 6,486.0
Other commitments and contingencies (Note 8)
Common stock, authorized (in shares) 480,000,000 480,000,000.0 480,000,000.0
Common stock, par value (in usd per share) $ 1 $ 1 $ 1
Common stock, outstanding (in shares) 132,000,000.0 132,100,000 132,100,000
Equity      
Common stock, $1 par value, Authorized 480.0 shares, Outstanding 132.0, 132.1 and 132.1 shares, respectively $ 132.0 $ 132.1 $ 132.1
Capital in excess of par value 2,904.5 2,900.1 2,879.9
Retained earnings 5,494.9 5,213.8 4,833.9
Accumulated other comprehensive loss (124.5) (127.4) (140.6)
Total shareholders' equity 8,406.9 8,118.6 7,705.3
Noncontrolling interest 22.8 23.9 25.1
Total equity 8,429.7 8,142.5 7,730.4
Total liabilities and equity $ 16,974.7 $ 17,104.8 $ 14,216.4