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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES    
Net income (loss) $ (25.8) $ 39.8
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 28.2 30.2
Stock-based compensation 3.4 4.8
Deferred income tax provision (benefit) (11.3) 1.1
Asset impairment costs (Note 10) 52.3 0.0
Loss on debt extinguishment (Note 5) 1.9 0.0
Pension settlement and other benefit costs 0.0 0.1
Loss on asset dispositions 0.0 0.1
Provision for uncollectible accounts receivable 0.7 0.0
Non-cash effects of changes in liabilities for uncertain income tax positions 0.0 (0.5)
Decrease in working capital 28.7 1.4
Pension and other postretirement benefits (0.3) (2.2)
Long-term payroll taxes 2.9 0.0
Other (0.3) (0.4)
NET CASH PROVIDED BY OPERATING ACTIVITIES 80.4 74.4
INVESTING ACTIVITIES    
Capital expenditures (11.8) (13.9)
Purchase of marketable securities (0.1) (0.3)
Other (0.3) (0.7)
NET CASH USED IN INVESTING ACTIVITIES (12.2) (14.9)
FINANCING ACTIVITIES    
Long-term borrowings (Note 5) 291.2 155.5
Repayments of long-term debt (Note 5) (294.3) (188.8)
Debt issuance costs (5.4) (0.4)
Cash dividends paid (23.9) (22.9)
Shares purchased (Note 8) (3.8) (5.1)
NET CASH USED IN FINANCING ACTIVITIES (36.2) (61.7)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 0.3 (0.3)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 32.3 (2.5)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 9.0 9.9
CASH AND CASH EQUIVALENTS, END OF PERIOD 41.3 7.4
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during period for interest, net of interest costs capitalized 9.7 6.0
Cash paid during period for income taxes 3.9 11.4
Non-cash investing activities:    
Liability for equipment acquired $ 2.4 $ 3.1