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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities:    
Net income (loss) $ 34.5 $ (113.6)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 80.6 87.8
Deferred taxes 7.6 (62.4)
Changes in operating assets and liabilities:    
Inventories (39.2) 177.3
Accounts receivable (86.5) (92.2)
Accounts payable 58.2 (37.3)
Retirement benefits (a) [1] (135.0) 10.3
Accrued income taxes 0.9 0.1
Accrued liabilities and other (6.6) (3.6)
Cash used in operating activities (85.5) (33.6)
Investing Activities:    
Purchases of property, plant and equipment (55.3) (145.3)
Asset disposals and other 3.3 1.8
Cash used in investing activities (52.0) (143.5)
Financing Activities:    
Borrowings on long-term debt 7.3 387.5
Payments on long-term debt and capital leases (0.8) (0.6)
Net borrowings under credit facilities 59.4 2.5
Debt issuance costs (0.8) (10.4)
Dividends paid to stockholders 0.0 (17.2)
Acquisition of noncontrolling interests 0.0 (12.2)
Sale to noncontrolling Interests 2.2 0.0
Shares repurchased for income tax withholding on share-based compensation (4.8) 0.0
Cash provided by financing activities 62.5 349.6
Increase (decrease) in cash and cash equivalents    
Increase (decrease) in cash and cash equivalents (75.0) 172.5
Cash and cash equivalents at beginning of period 229.6 149.8
Cash and cash equivalents at end of period $ 154.6 $ 322.3
[1] Includes a $(135) million contribution to the U.S. defined benefit pension plan in 2017.