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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities:    
Net loss $ (640.8) $ (142.6)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 130.2 141.4
Deferred taxes (78.1) 9.6
Non-cash restructuring charges 471.3 0.0
Changes in operating assets and liabilities:    
Inventories 192.7 116.7
Accounts receivable (53.7) 106.1
Accounts payable (60.2) (189.7)
Retirement benefits [1] (94.6) 7.9
Accrued income taxes 7.7 61.0
Accrued liabilities and other 13.8 (1.5)
Cash provided by (used in) operating activities (111.7) 108.9
Investing Activities:    
Purchases of property, plant and equipment (174.9) (99.5)
Purchases of businesses, net of cash acquired 0.0 (0.5)
Asset disposals and other 2.1 0.0
Cash used in investing activities (172.8) (100.0)
Financing Activities:    
Borrowings on long-term debt 387.5 0.0
Payments on long-term debt and capital leases (2.4) (23.3)
Net borrowings under credit facilities 2.4 1.7
Debt issuance costs (10.4) 0.0
Dividends paid to stockholders (25.8) (57.9)
Dividends paid to noncontrolling interests (16.0) 0.0
Acquisition of noncontrolling interests (12.2) 0.0
Shares repurchased for income tax withholding on share-based compensation 0.0 (1.4)
Cash provided by (used in) financing activities 323.1 (80.9)
Increase (decrease) in cash and cash equivalents    
Increase (decrease) in cash and cash equivalents 38.6 (72.0)
Cash and cash equivalents at beginning of period 149.8 269.5
Cash and cash equivalents at end of period $ 188.4 $ 197.5
[1] Includes a $(115) million contribution to the U.S. defined benefit pension plan in 2016.