Condensed Statements of Cash Flows - USD ($)
$ in Millions |
6 Months Ended |
Jun. 30, 2017 |
Jun. 30, 2016 |
| Operating Activities |
|
|
| Net (loss) income |
$ 7.5
|
$ (38.9)
|
| Adjustments to reconcile net (loss) income to net cash and cash equivalents provided by (used for) operating activities: |
|
|
| Earnings of non-consolidated affiliates |
(1.0)
|
(0.6)
|
| Losses (gains) on disposition of property, plant and equipment |
0.3
|
0.5
|
| Stock-based compensation |
4.0
|
3.7
|
| Depreciation and amortization |
272.2
|
262.1
|
| Deferred income taxes |
(11.6)
|
(33.2)
|
| Write-off of equipment and facility included in restructuring charges |
0.0
|
76.6
|
| Qualified pension plan contributions |
(0.9)
|
(0.7)
|
| Qualified pension plan income |
(13.7)
|
(18.7)
|
| Change in: |
|
|
| Receivables |
(97.9)
|
(37.4)
|
| Income taxes receivable/payable |
3.3
|
(9.6)
|
| Inventories |
(26.3)
|
25.8
|
| Other current assets |
(10.3)
|
15.0
|
| Accounts payable and accrued liabilities |
99.6
|
(57.0)
|
| Other assets |
5.8
|
(1.1)
|
| Other noncurrent liabilities |
(9.2)
|
1.6
|
| Other operating activities |
5.6
|
(1.9)
|
| Net operating activities |
227.4
|
186.2
|
| Investing Activities |
|
|
| Capital expenditures |
(150.9)
|
(137.4)
|
| Payments to Acquire Businesses, Net of Cash Acquired |
0.0
|
(69.5)
|
| Payments under long-term supply contract |
0.0
|
(85.0)
|
| Proceeds from disposition of property, plant and equipment |
0.1
|
0.4
|
| Proceeds from disposition of affiliated companies |
0.0
|
4.4
|
| Net investing activities |
(150.8)
|
(287.1)
|
| Financing Activities |
|
|
| Proceeds from Issuance of Long-term Debt |
1,875.0
|
0.0
|
| Long-term debt repayments |
(1,890.1)
|
(159.0)
|
| Stock options exercised |
15.8
|
0.2
|
| Dividends paid |
(66.3)
|
(66.1)
|
| Debt issuance costs |
(11.2)
|
0.0
|
| Net financing activities |
(76.8)
|
(224.9)
|
| Effect of exchange rate changes on cash and cash equivalents |
0.2
|
0.4
|
| Net decrease in cash and cash equivalents |
0.0
|
(325.4)
|
| Cash and cash equivalents, beginning of period |
184.5
|
392.0
|
| Cash and cash equivalents, end of period |
184.5
|
66.6
|
| Cash paid for interest and income taxes: |
|
|
| Interest, net |
93.3
|
102.1
|
| Income taxes, net of refunds |
5.2
|
11.2
|
| Non-cash investing activities: |
|
|
| Capital expenditures included in accounts payable and accrued liabilities |
$ 24.1
|
$ 2.3
|