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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 753.4 $ 822.2
Accounts receivable, net 831.7 783.7
Inventories, net of inventory valuation reserves 1,037.8 981.9
Other current assets 85.2 78.2
Total current assets 2,708.1 2,666.0
Property, plant and equipment:    
Property, plant and equipment 4,736.4 4,690.7
Less: accumulated depreciation (1,932.1) (1,845.5)
Property, plant and equipment, net 2,804.3 2,845.2
Operating lease right-of-use assets 142.2 148.2
Goodwill 729.4 729.4
Other intangibles, net 291.0 296.2
Equity method investments 370.3 360.7
Other non-current assets 135.0 126.1
Total assets 7,180.3 7,171.8 CloseClose
Current liabilities:     Close
Accounts payable 1,732.3 1,814.3 Close
Current portion of long-term debt 14.5 44.5 Close
Current portion of obligation under Inventory Intermediation Agreement 0.0 0.4 Close
Current portion of operating lease liabilities 51.5 54.7 Close
Accrued expenses and other current liabilities 808.2 771.2 Close
Total current liabilities 2,606.5 2,685.1
Non-current liabilities:     Close
Long-term debt, net of current portion 2,482.4 2,555.3 Close
Obligation under Inventory Intermediation Agreement 492.7 407.2 Close
Environmental liabilities, net of current portion 110.5 110.9 Close
Asset retirement obligations 43.6 43.3 Close
Deferred tax liabilities 269.6 264.1 Close
Operating lease liabilities, net of current portion 104.7 111.2 Close
Other non-current liabilities 35.2 35.0 Close
Total non-current liabilities 3,538.7 3,527.0
Stockholders’ equity:    
Total Liabilities 6145.2 6212.1 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, 81,626,016 shares and 81,539,871 shares issued at March 31, 2024 and December 31, 2023, respectively 0.8 0.8
Additional paid-in capital 1,171.8 1,113.6
Accumulated other comprehensive loss (4.8) (4.8)
Treasury stock, 17,575,527 shares, at cost, at March 31, 2024 and December 31, 2023, respectively (694.1) (694.1)
Retained earnings 381.5 430.0
Non-controlling interests in subsidiaries 179.9 114.2
Total stockholders’ equity 1,035.1 959.7 CloseClose
Total liabilities and stockholders’ equity $ 7,180.3 $ 7,171.8