XML 27 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 657.9 $ 822.2
Accounts receivable, net 771.4 783.7
Inventories, net of inventory valuation reserves 1,010.4 981.9
Other current assets 61.2 78.2
Total current assets 2,500.9 2,666.0
Property, plant and equipment:    
Property, plant and equipment 4,799.4 4,690.7
Less: accumulated depreciation (2,013.6) (1,845.5)
Property, plant and equipment, net 2,785.8 2,845.2
Operating lease right-of-use assets 133.5 148.2
Goodwill 729.4 729.4
Other intangibles, net 284.3 296.2
Equity method investments 386.9 360.7
Other non-current assets 122.7 126.1
Total assets 6,943.5 7,171.8
Current liabilities:    
Accounts payable 1,861.4 1,814.3
Current portion of long-term debt 9.5 44.5
Current portion of obligation under Inventory Intermediation Agreement 0.0 0.4
Current portion of operating lease liabilities 51.0 54.7
Accrued expenses and other current liabilities 642.9 771.2
Total current liabilities 2,564.8 2,685.1
Non-current liabilities:    
Long-term debt, net of current portion 2,452.2 2,555.3
Obligation under Inventory Intermediation Agreement 472.2 407.2
Environmental liabilities, net of current portion 32.8 110.9
Asset retirement obligations 26.2 43.3
Deferred tax liabilities 262.1 264.1
Operating lease liabilities, net of current portion 96.0 111.2
Other non-current liabilities 54.4 35.0
Total non-current liabilities 3,395.9 3,527.0
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, 82,085,570 shares and 81,539,871 shares issued at June 30, 2024 and December 31, 2023, respectively 0.8 0.8
Additional paid-in capital 1,175.8 1,113.6
Accumulated other comprehensive loss (4.8) (4.8)
Treasury stock, 17,575,527 shares, at cost, at June 30, 2024 and December 31, 2023, respectively (694.1) (694.1)
Retained earnings 328.1 430.0
Non-controlling interests in subsidiaries 177.0 114.2
Total stockholders’ equity 982.8 959.7
Total liabilities and stockholders’ equity $ 6,943.5 $ 7,171.8