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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Activities:      
Net income (loss) $ (1,559.6) $ 270.1 $ 236.7
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 143.3 151.1 156.4
Deferred taxes 69.9 (40.9) 2.1
Gain on joint venture deconsolidation 0.0 0.0 (15.9)
Impairment of goodwill 287.0 0.0 0.0
Debt extinguishment charge 21.5 21.6 0.0
Gain from disposal of property, plant and equipment, net (2.9) (90.6) (1.2)
Net loss from sales of businesses 0.0 1.8 0.0
Non-cash restructuring charges 1,041.5 0.0 0.0
Non-cash joint venture impairment charge 0.0 11.4 0.0
Change in operating assets and liabilities:      
Retirement benefits (91.9) (103.3) (32.6)
Accounts receivable 208.4 (52.1) 16.0
Inventories 158.2 25.4 (108.5)
Accounts payable (230.5) 30.1 153.7
Accrued income taxes 2.4 4.9 1.4
Accrued liabilities and other 119.6 0.6 (15.3)
Cash provided by operating activities 166.9 230.1 392.8
Investing Activities:      
Purchases of property, plant and equipment (136.5) (168.2) (139.2)
Proceeds from disposal of property, plant and equipment 5.9 92.0 2.8
Purchases of businesses 0.0 0.0 (10.0)
Proceeds from sale of businesses, net of transaction costs 0.0 158.1 0.0
Other 1.9 (0.2) 1.3
Cash provided by (used in) investing activities (128.7) 81.7 (145.1)
Financing Activities:      
Borrowings on long-term debt 391.4 350.0 7.1
Payments on long-term debt and finance leases (212.1) (507.6) (6.4)
Net borrowings (payments) under credit facilities 0.2 4.9 (5.9)
Purchase of convertible note capped call (19.4) 0.0 0.0
Debt issuance costs (9.1) (5.5) 0.0
Debt extinguishment charge (19.1) (20.9) 0.0
Dividends paid to noncontrolling interests (7.2) (14.0) (10.0)
Sale to noncontrolling interest 0.0 0.0 14.4
Shares repurchased for income tax withholding on share-based compensation (7.8) (9.9) (6.5)
Cash (used in) provided by financing activities 116.9 (203.0) (7.3)
Increase in cash and cash equivalents 155.1 108.8 240.4
Cash and cash equivalents at beginning of year 490.8 382.0 141.6
Cash and cash equivalents at end of year $ 645.9 $ 490.8 $ 382.0