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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
Current liabilities:    
Accounts payable 2,006.8 1,745.6
Current portion of long-term debt 29.5 74.5
Current portion of obligation under Inventory Intermediation Agreement 0.0 49.9
Current portion of operating lease liabilities 49.9 49.6
Accrued expenses and other current liabilities 916.5 1,166.8
Total current liabilities 3,002.7 3,086.4
Non-current liabilities:    
Long-term debt, net of current portion 2,608.5 2,979.2
Obligation under Inventory Intermediation Agreement 502.2 491.8
Environmental liabilities, net of current portion 111.6 111.5
Asset retirement obligations 42.9 41.8
Deferred tax liabilities 304.2 266.5
Operating lease liabilities, net of current portion 106.8 122.4
Other non-current liabilities 33.1 23.7
Total non-current liabilities 3,709.3 4,036.9
Stockholders’ equity:    
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued and outstanding 0.0 0.0
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
Total liabilities and stockholders’ equity $ 7,869.0 $ 8,192.8