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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities:      
Net income (loss) $ 270.1 $ 236.7 $ (79.7)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 151.1 156.4 160.8
Deferred taxes (40.9) 2.1 (1.4)
Gain on joint venture deconsolidation 0.0 (15.9) 0.0
Impairment of goodwill 0.0 0.0 114.4
Debt extinguishment charge 21.6 0.0 37.0
Gain from disposal of property, plant and equipment, net (90.6) (1.2) (0.5)
Net loss from sales of businesses 1.8 0.0 0.0
Non-cash joint venture impairment charge 11.4 0.0 0.0
Change in operating assets and liabilities:      
Retirement benefits (103.3) (32.6) (110.3)
Accounts receivable (52.1) 16.0 (93.2)
Inventories 25.4 (108.5) (139.2)
Accounts payable 30.1 153.7 125.8
Accrued income taxes 4.9 1.4 (1.9)
Accrued liabilities and other 0.6 (15.3) 10.6
Cash provided by operating activities 230.1 392.8 22.4
Investing Activities:      
Purchases of property, plant and equipment (168.2) (139.2) (122.7)
Proceeds from disposal of property, plant and equipment 92.0 2.8 2.7
Purchases of businesses 0.0 (10.0) 0.0
Proceeds from sale of business, net of transaction costs 158.1 0.0 0.0
Other (0.2) 1.3 0.4
Cash flows provided by (used in) investing activities 81.7 (145.1) (119.6)
Financing Activities:      
Borrowings on long-term debt 350.0 7.1 8.5
Payments on long-term debt and finance leases (507.6) (6.4) (353.0)
Net borrowings (payments) under credit facilities 4.9 (5.9) 1.6
Debt issuance costs (5.5) 0.0 (0.8)
Debt extinguishment charge (20.9) 0.0 (35.8)
Issuance of common stock 0.0 0.0 397.8
Dividends paid to noncontrolling interests (14.0) (10.0) (8.0)
Sale to noncontrolling interest 0.0 14.4 3.7
Shares repurchased for income tax withholding on share-based compensation (9.9) (6.5) (4.8)
Cash (used in) provided by financing activities (203.0) (7.3) 9.2
Increase (decrease) in cash and cash equivalents 108.8 240.4 (88.0)
Cash and cash equivalents at beginning of year 382.0 141.6 229.6
Cash and cash equivalents at end of year $ 490.8 $ 382.0 $ 141.6