v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 435.8 $ 791.3
Accounts receivable, net 712.0 574.4
Inventories 447.4 443.9
Other current assets 212.3 168.6
Total current assets 1,807.5 1,978.2
Property, plant and equipment 3,248.6 3,223.4
Less: accumulated depreciation and amortization 1,562.3 1,497.0
Property, plant and equipment, net 1,686.3 1,726.4
Operating lease right-of-use assets 104.7 117.0
Investments in affiliated companies 207.7 212.3
Goodwill 108.7 109.9
Intangible assets, net 6.4 7.7
Deferred income taxes 72.3 38.4
Other noncurrent assets 82.8 80.1
Total Assets 4,076.4 4,270.0
Current liabilities:    
Accounts payable 252.7 253.7
Accrued salaries, wages and benefits 97.1 135.9
Income taxes payable 64.7 28.1
Operating lease liabilities 20.9 22.7
Accrued commissions, rebates and royalties 34.0 39.2
Other current liabilities 171.1 175.3
Total current liabilities 640.5 654.9
Long-term debt 202.9 202.8
Deferred income taxes 22.4 23.0
Pension and other postretirement benefits 28.3 29.0
Operating lease liabilities 88.3 95.6
Deferred compensation benefits 13.9 13.5
Other long-term liabilities 89.9 75.2
Total Liabilities 1,086.2 1,094.0
Commitments and contingencies (Note 16)
Equity:    
Preferred stock, 3.0 million shares authorized; 0 shares issued and outstanding 0.0 0.0
Common stock, par value $0.25 per share; 200.0 million shares authorized; shares issued: June 30, 2026 - 75.3 million, December 31, 2025 - 75.3 million; shares outstanding: June 30, 2026 - 70.4 million, December 31, 2025 - 72.0 million 18.8 18.8
Capital in excess of par value 0.0 0.0
Retained earnings 4,624.1 4,374.9
Accumulated other comprehensive loss (140.4) (105.5)
Treasury stock, at cost (June 30, 2026 - 4.9 million shares, December 31, 2025 - 3.3 million shares) (1,512.3) (1,112.2)
Total Equity 2,990.2 3,176.0
Total Liabilities and Equity $ 4,076.4 $ 4,270.0