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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,037.6 $ 821.8
Accounts receivable, net 561.6 783.7
Inventories, net of inventory valuation reserves 915.0 941.2
Current assets of discontinued operations 0.0 41.5
Other current assets 50.6 77.8
Total current assets 2,564.8 2,666.0
Property, plant and equipment:    
Property, plant and equipment 4,790.7 4,460.3
Less: accumulated depreciation (1,961.7) (1,764.0)
Property, plant and equipment, net 2,829.0 2,696.3
Operating lease right-of-use assets 98.8 121.5
Goodwill 687.5 687.5
Other intangibles, net 328.6 287.7
Equity method investments 408.7 360.7
Non-current assets of discontinued operations 0.0 228.1
Other non-current assets 112.9 124.0
Total assets 7,030.3 7,171.8 CloseClose
Current liabilities:     Close
Accounts payable 1,713.6 1,814.3 Close
Current portion of long-term debt 9.5 44.5 Close
Current portion of obligation under Inventory Intermediation Agreement 3.6 0.4 Close
Current portion of operating lease liabilities 45.6 50.1 Close
Current liabilities of discontinued operations 0.0 11.5 Close
Accrued expenses and other current liabilities 694.7 764.3 Close
Total current liabilities 2,467.0 2,685.1
Non-current liabilities:     Close
Long-term debt, net of current portion 2,779.9 2,555.3 Close
Obligation under Inventory Intermediation Agreement 385.3 407.2 Close
Environmental liabilities, net of current portion 33.7 110.9 Close
Asset retirement obligations 24.4 36.4 Close
Deferred tax liabilities 243.9 264.1 Close
Operating lease liabilities, net of current portion 63.7 85.7 Close
Non-current liabilities of discontinued operations 0.0 34.3 Close
Other non-current liabilities 87.0 33.1 Close
Total non-current liabilities 3,617.9 3,527.0
Redeemable non-controlling interest 70.0 0.0 Close
Stockholders’ equity:    
Total Liabilities 6084.9 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, 81,231,308 shares and 81,539,871 shares issued at September 30, 2024 and December 31, 2023, respectively 0.8 0.8
Additional paid-in capital 1,172.7 1,113.6
Accumulated other comprehensive loss (4.8) (4.8)
Treasury stock, 17,575,527 shares, at cost, at September 30, 2024 and December 31, 2023, respectively (694.1) (694.1)
Retained earnings 228.5 430.0
Non-controlling interests in subsidiaries 172.3 114.2
Total stockholders’ equity 875.4 959.7 CloseClose
Total liabilities, redeemable non-controlling interest and stockholders’ equity $ 7,030.3 $ 7,171.8