v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 90.5 $ 125.4
Accounts receivable, net 234.3 212.0
Inventories, net 357.6 356.2
Contract assets 38.9 29.8
Prepaid expenses and other current assets 66.1 50.6
Assets held for sale 0.0 7.5
Total current assets 787.4 781.5
Property, plant and equipment 3,307.5 3,163.1
Less accumulated depreciation (1,695.2) (1,566.4)
Net property, plant and equipment 1,612.3 1,596.7
Goodwill and other intangible assets, net 241.2 237.0
Investments in affiliated companies 5.0 5.0
Other assets 112.5 105.4
Total assets 2,758.4 2,725.6
Current liabilities:    
Short-term borrowings 0.0 0.1
Accounts payable 124.4 142.3
Accrued compensation and benefits 72.5 99.7
Financial instruments 2.9 8.0
Accrued liabilities 86.2 99.2
Liabilities held for sale 0.0 4.2
Total current liabilities 286.0 353.5
Long-term debt 757.9 700.6
Retirement obligations 29.9 31.9
Deferred income taxes 92.2 81.2
Other non-current liabilities 25.7 30.5
Total liabilities 1,191.7 1,197.7
Stockholders' equity:    
Common stock, $0.01 par value, 200.0 shares authorized, 111.5 shares and 110.8 shares issued at September 30, 2024 and December 31, 2023, respectively 1.1 1.1
Additional paid-in capital 988.8 970.0
Retained earnings 2,273.5 2,251.5
Accumulated other comprehensive loss (11.2) (115.0)
Total stockholders' equity including treasury stock value 3,252.2 3,107.6
Less - Treasury stock, at cost, 30.5 shares at September 30, 2024 and 26.7 shares at December 31, 2023 (1,685.5) (1,579.7)
Total stockholders' equity 1,566.7 1,527.9
Total liabilities and stockholders' equity $ 2,758.4 $ 2,725.6