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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
Current liabilities:    
Accounts payable 1,713.6 1,814.3
Current portion of long-term debt 9.5 44.5
Current portion of obligation under Inventory Intermediation Agreement 3.6 0.4
Current portion of operating lease liabilities 45.6 50.1
Current liabilities of discontinued operations 0.0 11.5
Accrued expenses and other current liabilities 694.7 764.3
Total current liabilities 2,467.0 2,685.1
Non-current liabilities:    
Long-term debt, net of current portion 2,779.9 2,555.3
Obligation under Inventory Intermediation Agreement 385.3 407.2
Environmental liabilities, net of current portion 33.7 110.9
Asset retirement obligations 24.4 36.4
Deferred tax liabilities 243.9 264.1
Operating lease liabilities, net of current portion 63.7 85.7
Non-current liabilities of discontinued operations 0.0 34.3
Other non-current liabilities 87.0 33.1
Total non-current liabilities 3,617.9 3,527.0
Redeemable non-controlling interest 70.0 0.0
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, 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
Total liabilities, redeemable non-controlling interest and stockholders’ equity $ 7,030.3 $ 7,171.8