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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
Current liabilities:    
Accounts payable 1,814.3 1,745.6
Current portion of long-term debt 44.5 74.5
Current portion of obligation under Inventory Intermediation Agreement 0.4 49.9
Current portion of operating lease liabilities 54.7 49.6
Accrued expenses and other current liabilities 771.2 1,166.8
Total current liabilities 2,685.1 3,086.4
Non-current liabilities:    
Long-term debt, net of current portion 2,555.3 2,979.2
Obligation under Inventory Intermediation Agreement 407.2 491.8
Environmental liabilities, net of current portion 110.9 111.5
Asset retirement obligations 43.3 41.8
Deferred tax liabilities 264.1 266.5
Operating lease liabilities, net of current portion 111.2 122.4
Other non-current liabilities 35.0 23.7
Total non-current liabilities 3,527.0 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, 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
Total liabilities and stockholders’ equity $ 7,171.8 $ 8,192.8