v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 71.0 $ 125.4
Accounts receivable, net 249.3 212.0
Inventories 328.8 356.2
Contract assets 35.9 29.8
Prepaid expenses and other current assets 45.7 50.6
Assets held for sale 0.0 7.5
Total current assets 730.7 781.5
Property, plant and equipment 3,322.4 3,163.1
Less accumulated depreciation (1,710.9) (1,566.4)
Property, plant and equipment, net 1,611.5 1,596.7
Goodwill and other intangible assets 239.8 237.0
Investments in affiliated companies 5.0 5.0
Other assets 117.0 105.4
Total assets 2,704.0 2,725.6
Current liabilities:    
Short-term borrowings 0.0 0.1
Accounts payable 146.6 142.3
Accrued compensation and benefits 79.0 99.7
Financial instruments 3.8 8.0
Accrued liabilities 93.3 99.2
Liabilities held for sale 0.0 4.2
Total current liabilities 322.7 353.5
Long-term debt 993.0 700.6
Retirement obligations 28.4 31.9
Deferred income taxes 86.7 81.2
Other non-current liabilities 22.5 30.5
Total liabilities 1,453.3 1,197.7
Stockholders' equity:    
Common stock, $0.01 par value, 200.0 shares authorized, 112.1 shares and 111.6 shares issued at December 31, 2025 and 2024, respectively 1.1 1.1
Additional paid-in capital 994.9 970.0
Retained earnings 2,307.0 2,251.5
Accumulated other comprehensive loss (12.9) (115.0)
Total stockholders' equity including treasury stock value 3,290.1 3,107.6
Less - Treasury stock, at cost, 36.4 shares at December 31, 2025 and 30.6 shares at December 31, 2024 (2,039.4) (1,579.7)
Total stockholders' equity 1,250.7 1,527.9
Total liabilities and stockholders' equity $ 2,704.0 $ 2,725.6