As of June 30, 2026

As of December 31, 2025

Receivables, Net

Accounts receivable

$

575.6

$

423.9

Allowance for doubtful receivables

(0.6

)

(0.6

)

Receivables, net

$

575.0

$

423.3

Inventories

Finished products

$

145.7

$

156.1

Work-in-process

364.7

316.7

Raw materials

321.8

236.2

Operating supplies

15.9

16.2

Inventories

$

848.1

$

725.2

Property, Plant and Equipment, Net

Land and improvements

$

45.8

$

38.2

Buildings and leasehold improvements

306.4

302.6

Machinery and equipment

1,610.3

1,586.7

Construction in progress

84.6

66.7

Property, plant and equipment, gross

2,047.1

1,994.2

Accumulated depreciation and amortization

(903.4

)

(849.1

)

Land held for sale

—

0.1

Property, plant and equipment, net

$

1,143.7

$

1,145.2

Other Assets

Restricted cash – Note 11

$

19.9

$

19.9

Long-term replacement parts

34.0

28.5

Net assets of Salaried VEBA

10.0

9.7

Other

19.4

17.6

Other assets

$

83.3

$

75.7

.

Other Accrued Liabilities

Uncleared cash disbursements

$

0.5

$

45.8

Accrued income taxes and other taxes payable

8.5

7.8

Accrued annual contribution to Salaried VEBA

—

2.9

Accrued interest

12.0

6.9

Current operating lease liabilities

5.7

4.8

Current finance lease liabilities

3.5

2.3

Current deferred compensation plan liabilities – Note 3

1.3

1.2

Other – Note 4

49.6

19.6

Other accrued liabilities

$

81.1

$

91.3

Long-Term Liabilities

Workers' compensation accrual

$

25.9

$

26.0

Long-term environmental accrual – Note 6

16.7

17.4

Other long-term liabilities

42.7

38.0

Long-term liabilities

$

85.3

$

81.4