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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities:      
Net income (loss) $ 236.7 $ (79.7) $ (627.1)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 156.4 160.8 170.3
Deferred taxes 2.1 (1.4) (119.8)
Gain on joint venture deconsolidation (15.9) 0.0 0.0
Impairment of goodwill 0.0 114.4 0.0
Non-cash restructuring charges 0.0 0.0 471.3
Debt extinguishment charge 0.0 37.0 0.0
Change in operating assets and liabilities:      
Retirement benefits (32.6) (110.3) (80.0)
Accounts receivable 16.0 (93.2) (51.8)
Inventories (108.5) (139.2) 234.7
Accounts payable 153.7 125.8 (51.2)
Accrued income taxes 1.4 (1.9) 9.3
Accrued liabilities and other (16.5) 10.1 0.6
Cash provided by (used in) operating activities 392.8 22.4 (43.7)
Investing Activities:      
Purchases of property, plant and equipment (139.2) (122.7) (202.2)
Purchases of businesses (10.0) 0.0 0.0
Asset disposals and other 4.1 3.1 2.2
Cash flows provided by (used in) investing activities (145.1) (119.6) (200.0)
Financing Activities:      
Borrowings on long-term debt 7.1 8.5 387.5
Payments on long-term debt and capital leases (6.4) (353.0) (2.7)
Net (payments) borrowings under credit facilities (5.9) 1.6 3.1
Debt issuance costs 0.0 (0.8) (10.4)
Debt extinguishment charge 0.0 (35.8) 0.0
Issuance of common stock 0.0 397.8 0.0
Dividends paid to shareholders 0.0 0.0 (25.8)
Dividends paid to noncontrolling interests (10.0) (8.0) (16.0)
Sale to noncontrolling interest 14.4 3.7 0.0
Acquisition of noncontrolling interests 0.0 0.0 (12.2)
Shares repurchased for income tax withholding on share-based compensation (6.5) (4.8) 0.0
Cash (used in) provided by financing activities (7.3) 9.2 323.5
Increase (decrease) in cash and cash equivalents 240.4 (88.0) 79.8
Cash and cash equivalents at beginning of year 141.6 229.6 149.8
Cash and cash equivalents at end of year $ 382.0 $ 141.6 $ 229.6