CONSOLIDATED BALANCE SHEETS
(in millions)
(Unaudited)
| March 31, | June 30, | |||||||
| 2023 | 2022 | |||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 22.3 | $ | 154.2 | ||||
| Accounts receivable, net | 515.5 | 382.3 | ||||||
| Inventories | 710.4 | 496.1 | ||||||
| Other current assets | 84.4 | 86.8 | ||||||
| Total current assets | 1,332.6 | 1,119.4 | ||||||
| Property, plant and equipment, net | 1,383.6 | 1,420.8 | ||||||
| Goodwill | 241.4 | 241.4 | ||||||
| Other intangibles, net | 30.2 | 35.2 | ||||||
| Deferred income taxes | 5.3 | 5.7 | ||||||
| Other assets | 101.2 | 109.8 | ||||||
| Total assets | $ | 3,094.3 | $ | 2,932.3 | ||||
| LIABILITIES | ||||||||
| Current liabilities: | ||||||||
| Short-term credit agreement borrowings | $ | 108.6 | $ | — | ||||
| Accounts payable | 288.0 | 242.1 | ||||||
| Accrued liabilities | 147.4 | 133.5 | ||||||
| Total current liabilities | 544.0 | 375.6 | ||||||
| Long-term debt | 692.7 | 691.8 | ||||||
| Accrued pension liabilities | 200.9 | 196.6 | ||||||
| Accrued postretirement benefits | 78.4 | 77.4 | ||||||
| Deferred income taxes | 159.9 | 162.4 | ||||||
| Other liabilities | 91.2 | 98.0 | ||||||
| Total liabilities | 1,767.1 | 1,601.8 | ||||||
| STOCKHOLDERS' EQUITY | ||||||||
| Common stock | 280.3 | 280.1 | ||||||
| Capital in excess of par value | 319.9 | 320.3 | ||||||
| Reinvested earnings | 1,199.5 | 1,211.0 | ||||||
| Common stock in treasury, at cost | (298.4 | ) | (307.4 | ) | ||||
| Accumulated other comprehensive loss | (174.1 | ) | (173.5 | ) | ||||
| Total stockholders' equity | 1,327.2 | 1,330.5 | ||||||
| Total liabilities and stockholders' equity | $ | 3,094.3 | $ | 2,932.3 | ||||
