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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 822.2 $ 841.3
Accounts receivable, net 783.7 1,234.4
Inventories, net of inventory valuation reserves 981.9 1,518.5
Other current assets 78.2 122.7
Total current assets 2,666.0 3,716.9
Property, plant and equipment:    
Property, plant and equipment 4,690.7 4,349.0
Less: accumulated depreciation (1,845.5) (1,572.6)
Property, plant and equipment, net 2,845.2 2,776.4
Operating lease right-of-use assets 148.2 179.5
Goodwill 729.4 744.3
Other intangibles, net 296.2 315.6
Equity method investments 360.7 359.7
Other non-current assets 126.1 100.4
Total assets 7,171.8 8,192.8 Close
Current liabilities:     Close
Accounts payable 1,814.3 1,745.6 Close
Current portion of long-term debt 44.5 74.5 Close
Current portion of obligation under Inventory Intermediation Agreement 0.4 49.9 Close
Current portion of operating lease liabilities 54.7 49.6 Close
Accrued expenses and other current liabilities 771.2 1,166.8 Close
Total current liabilities 2,685.1 3,086.4
Non-current liabilities:     Close
Long-term debt, net of current portion 2,555.3 2,979.2 Close
Obligation under Inventory Intermediation Agreement 407.2 491.8 Close
Environmental liabilities, net of current portion 110.9 111.5 Close
Asset retirement obligations 43.3 41.8 Close
Deferred tax liabilities 264.1 266.5 Close
Operating lease liabilities, net of current portion 111.2 122.4 Close
Other non-current liabilities 35.0 23.7 Close
Total non-current liabilities 3,527.0 4,036.9
Stockholders’ equity:    
Total Liabilities 6212.1 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, 81,539,871 shares and 84,509,517 shares issued at December 31, 2023 and December 31, 2022, respectively 0.8 0.9
Additional paid-in capital 1,113.6 1,134.1
Accumulated other comprehensive loss (4.8) (5.2)
Treasury stock, 17,575,527 shares, at cost, at December 31, 2023 and December 31, 2022, respectively (694.1) (694.1)
Retained earnings 430.0 507.9
Non-controlling interests in subsidiaries 114.2 125.9
Total stockholders’ equity 959.7 1,069.5 Close
Total liabilities and stockholders’ equity $ 7,171.8 $ 8,192.8