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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 901.7 $ 841.3
Accounts receivable, net 1,166.9 1,234.4
Inventories, net of inventory valuation reserves 1,179.2 1,518.5
Other current assets 85.6 122.7
Total current assets 3,333.4 3,716.9
Property, plant and equipment:    
Property, plant and equipment 4,603.1 4,349.0
Less: accumulated depreciation (1,768.3) (1,572.6)
Property, plant and equipment, net 2,834.8 2,776.4
Operating lease right-of-use assets 160.3 179.5
Goodwill 744.3 744.3
Other intangibles, net 300.4 315.6
Equity method investments 371.2 359.7
Other non-current assets 124.6 100.4
Total assets 7,869.0 8,192.8 Close
Current liabilities:     Close
Accounts payable 2,006.8 1,745.6 Close
Current portion of long-term debt 29.5 74.5 Close
Current portion of obligation under Inventory Intermediation Agreement 0.0 49.9 Close
Current portion of operating lease liabilities 49.9 49.6 Close
Accrued expenses and other current liabilities 916.5 1,166.8 Close
Total current liabilities 3,002.7 3,086.4
Non-current liabilities:     Close
Long-term debt, net of current portion 2,608.5 2,979.2 Close
Obligation under Inventory Intermediation Agreement 502.2 491.8 Close
Environmental liabilities, net of current portion 111.6 111.5 Close
Asset retirement obligations 42.9 41.8 Close
Deferred tax liabilities 304.2 266.5 Close
Operating lease liabilities, net of current portion 106.8 122.4 Close
Other non-current liabilities 33.1 23.7 Close
Total non-current liabilities 3,709.3 4,036.9
Stockholders’ equity:    
Total Liabilities 6712.0 7123.3 0 0 0 Close
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued and outstanding 0.0 0.0 Close
Common stock, $0.01 par value, 110,000,000 shares authorized, 82,241,519 shares and 84,509,517 shares issued at September 30, 2023 and December 31, 2022, respectively 0.8 0.9
Additional paid-in capital 1,116.4 1,134.1
Accumulated other comprehensive loss (5.3) (5.2)
Treasury stock, 17,575,527 shares, at cost, at September 30, 2023 and December 31, 2022, respectively (694.1) (694.1)
Retained earnings 619.9 507.9
Non-controlling interests in subsidiaries 119.3 125.9
Total stockholders’ equity 1,157.0 1,069.5 Close
Total liabilities and stockholders’ equity $ 7,869.0 $ 8,192.8