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Condensed Consolidating Financial Information (Tables)
 12 Months Ended
Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract]  
Condensed Consolidating Statements of Operations

Condensed Consolidating Statements of Operations and Comprehensive Income
For the Twelve Months Ended December 31, 2018
 
Holdings
 
Spirit
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Total
Net revenues
$
—

 
$
6,487.3

 
$
1,361.2

 
$
(626.5
)
 
$
7,222.0

Operating costs and expenses
 
 
 
 
 
 
 
 
 
Cost of sales
—

 
5,541.4

 
1,221.0

 
(626.5
)
 
6,135.9

Selling, general and administrative
10.4

 
182.6

 
17.4

 
—

 
210.4

Impact of severe weather event
—

 
(10.0
)
 
—

 
—

 
(10.0
)
Research and development
—

 
37.5

 
5.0

 
—

 
42.5

Total operating costs and expenses
10.4

 
5,751.5

 
1,243.4

 
(626.5
)
 
6,378.8

Operating income (loss)
(10.4
)
 
735.8

 
117.8

 
—

 
843.2

Interest expense and financing fee amortization
—

 
(79.7
)
 
(5.2
)
 
4.9

 
(80.0
)
Other (expense) income, net
—

 
—

 
(2.1
)
 
(4.9
)
 
(7.0
)
Income (loss) before income taxes and equity in net income of affiliates and subsidiaries
(10.4
)
 
656.1

 
110.5

 
—

 
756.2

Income tax benefit (provision)
1.9

 
(122.3
)
 
(19.4
)
 
—

 
(139.8
)
Income (loss) before equity in net income of affiliates and subsidiaries
(8.5
)
 
533.8

 
91.1

 
—

 
616.4

Equity in net income of affiliates
0.6

 
—

 
0.6

 
(0.6
)
 
0.6

Equity in net income of subsidiaries
624.9

 
91.0

 
—

 
(715.9
)
 
—

Net income
617.0

 
624.8

 
91.7

 
(716.5
)
 
617.0

Other comprehensive loss
(68.1
)
 
(68.1
)
 
(26.3
)
 
94.4

 
(68.1
)
Comprehensive income
$
548.9

 
$
556.7

 
$
65.4

 
$
(622.1
)
 
$
548.9

Condensed Consolidating Statements of Operations and Comprehensive Loss
For the Twelve Months Ended December 31, 2017
 
Holdings
 
Spirit
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Total
Net revenues
$
—

 
$
6,236.4

 
$
1,362.3

 
$
(615.7
)
 
$
6,983.0

Operating costs and expenses
 
 
 
 
 
 
 
 
 
Cost of sales
—

 
5,592.2

 
1,218.8

 
(615.7
)
 
6,195.3

Selling, general and administrative
12.4

 
177.5

 
14.8

 
—

 
204.7

Impact of severe weather event
—

 
19.9

 
—

 
—

 
19.9

Research and development
—

 
27.8

 
3.4

 
—

 
31.2

Total operating costs and expenses
12.4

 
5,817.4

 
1,237.0

 
(615.7
)
 
6,451.1

Operating income (loss)
(12.4
)
 
419.0

 
125.3

 
—

 
531.9

Interest expense and financing fee amortization
—

 
(41.6
)
 
(5.7
)
 
5.6

 
(41.7
)
Other income (expense), net
—

 
49.6

 
0.4

 
(5.6
)
 
44.4

Income (loss) before income taxes and equity in net income of affiliates and subsidiaries
(12.4
)
 
427.0

 
120.0

 
—

 
534.6

Income tax benefit (provision)
4.7

 
(161.7
)
 
(23.0
)
 


 
(180.0
)
Income (loss) before equity in net income of affiliates and subsidiaries
(7.7
)
 
265.3

 
97.0

 
—

 
354.6

Equity in net income of affiliates
0.3

 
—

 
0.3

 
(0.3
)
 
0.3

Equity in net income of subsidiaries
362.3

 
97.0

 
—

 
(459.3
)
 
—

Net income
354.9

 
362.3

 
97.3

 
(459.6
)
 
354.9

Other comprehensive income
58.4

 
58.4

 
42.2

 
(100.6
)
 
58.4

Comprehensive income
$
413.3

 
$
420.7

 
$
139.5

 
$
(560.2
)
 
$
413.3
Condensed Consolidating Balance Sheet


Condensed Consolidating Balance Sheet
December 31, 2018
 
Holdings
 
Spirit
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Total
Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
—

 
$
705.0

 
$
68.6

 
$
—

 
$
773.6

Restricted cash
—

 
0.3

 
—

 
—

 
0.3

Accounts receivable, net
—

 
593.0

 
310.2

 
(358.1
)
 
545.1

Inventory, net
—

 
696.0

 
316.6

 
—

 
1,012.6

Contract assets, short-term
—

 
420.8

 
48.6

 
—

 
469.4

Other current assets
—

 
45.3

 
3.0

 
—

 
48.3

Total current assets
—

 
2,460.4

 
747.0

 
(358.1
)
 
2,849.3

Property, plant and equipment, net
—

 
1,670.8

 
496.8

 
—

 
2,167.6

Contract assets, long-term
—

 
54.1

 
—

 
—

 
54.1

Pension assets
—

 
307.0

 
19.7

 
—

 
326.7

Investment in subsidiary
1,238.0

 
699.0

 
—

 
(1,937.0
)
 
—

Deferred income taxes
—

 
188.0

 
17.0

 
—

 
205.0

Other assets
—

 
169.1

 
110.5

 
(196.4
)
 
83.2

Total assets
$
1,238.0

 
$
5,548.4

 
$
1,391.0

 
$
(2,491.5
)
 
$
5,685.9

Liabilities
 
 
 
 
 
 
 
 
 
Accounts payable
$
—

 
$
855.2

 
$
405.6

 
$
(358.2
)
 
$
902.6

Accrued expenses
—

 
276.7

 
36.3

 
0.1

 
313.1

Profit sharing
—

 
62.6

 
5.7

 
—

 
68.3

Current portion of long-term debt
—

 
30.5

 
0.9

 
—

 
31.4

Advance payments, short-term
—

 
2.2

 
—

 
—

 
2.2

Contract liabilities, short-term
—

 
157.3

 
0.6

 
—

 
157.9

Forward loss provision, short-term
—

 
12.4

 
—

 
—

 
12.4

Deferred revenue and other deferred credits, short-term
—

 
19.5

 
0.5

 
—

 
20.0

Deferred grant income liability — current
—

 
—

 
16.0

 
—

 
16.0

Other current liabilities
—

 
52.4

 
5.8

 
—

 
58.2

Total current liabilities
—

 
1,468.8

 
471.4

 
(358.1
)
 
1,582.1

Long-term debt
—

 
1,856.6

 
103.2

 
(95.8
)
 
1,864.0

Advance payments, long-term
—

 
231.9

 
—

 
—

 
231.9

Pension/OPEB obligation
—

 
34.6

 
—

 
—

 
34.6

Contract liabilities, long-term
—

 
369.8

 
—

 
—

 
369.8

Forward loss provision, long-term
—

 
170.6

 
—

 
—

 
170.6

Deferred grant income liability — non-current
—

 
5.9

 
22.1

 
—

 
28.0

Deferred revenue and other deferred credits, long-term
—

 
28.8

 
2.4

 
—

 
31.2

Deferred income taxes
—

 
—

 
0.8

 
—

 
0.8

Other non-current liabilities
—

 
223.3

 
12.1

 
(100.6
)
 
134.8

Total equity
1,238.0

 
1,158.1

 
779.0

 
(1,937.0
)
 
1,238.1

Total liabilities and shareholders’ equity
$
1,238.0

 
$
5,548.4

 
$
1,391.0

 
$
(2,491.5
)
 
$
5,685.9
Condensed Consolidating Statements of Cash Flows


Condensed Consolidating Statements of Cash Flows
For the Twelve Months Ended December 31, 2018
 
Holdings
 
Spirit
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Total
Operating activities
 
 
 
 
 
 
 
 
 
Net cash provided by operating activities
$
—

 
$
643.1

 
$
126.8

 
$
—

 
$
769.9

Investing activities
 
 
 
 
 
 
 
 
 
Purchase of property, plant and equipment
—

 
(230.5
)
 
(40.7
)
 


 
(271.2
)
Proceeds from sale of assets
—

 
2.8

 
0.6

 
—

 
3.4

Other
—

 
(0.5
)
 
0.5

 
—

 
—

Net cash used in investing activities
—

 
(228.2
)
 
(39.6
)
 
—

 
(267.8
)
Financing activities
 
 
 
 
 
 
 
 
 
Proceeds from issuance of debt
—

 
1,300.0

 
—

 
—

 
1,300.0

Principal payments of debt
—

 
(5.8
)
 
(0.9
)
 
—

 
(6.7
)
Collection on (repayment of) intercompany debt
—

 
75.9

 
(75.9
)
 
—

 
—

Payments on term loan
—

 
(256.3
)
 
—

 
—

 
(256.3
)
Payments on bonds
—

 
(300.0
)
 
—

 
—

 
(300.0
)
Debt issuance and financing costs
—

 
(23.2
)
 
—

 
—

 
(23.2
)
Taxes paid related to net share settlement awards
—

 
(15.6
)
 
—

 
—

 
(15.6
)
Proceeds from issuance of ESPP stock
—

 
2.1

 
—

 
—

 
2.1

Proceeds (payments) from subsidiary for purchase of treasury stock
805.8

 
(805.8
)
 
—

 
—

 
—

Purchase of treasury stock
(805.8
)
 
—

 
—

 
—

 
(805.8
)
Proceeds (payments) from subsidiary for dividends paid
48.0

 
(48.0
)
 
—

 
—

 
—

Dividends paid
(48.0
)
 
—

 
—

 
—

 
(48.0
)
Net cash used in financing activities
—

 
(76.7
)
 
(76.8
)
 
—

 
(153.5
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
—

 


 
—

Net increase (decrease) in cash, cash equivalents, and restricted cash for the period
—

 
338.2

 
10.4

 
—

 
348.6

Cash, cash equivalents, and restricted cash, beginning of period
—

 
387.3

 
58.2

 
—

 
445.5

Cash, cash equivalents, and restricted cash, end of period
$
—

 
$
725.5

 
$
68.6

 
$
—

 
$
794.1

Condensed Consolidating Statements of Cash Flows
For the Twelve Months Ended December 31, 2017
 
Holdings
 
Spirit
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Total
Operating activities
 
 
 
 
 
 
 
 
 
Net cash provided by operating activities
$
—

 
$
450.5

 
$
123.2

 
$
—

 
$
573.7

Investing activities
 
 
 
 
 
 
 
 
 
Purchase of property, plant and equipment
—

 
(241.4
)
 
(31.7
)
 


 
(273.1
)
Proceeds from sale of assets
—

 
0.4

 
—

 
—

 
0.4

Other
—

 
(0.1
)
 
—

 
—

 
(0.1
)
Net cash used in investing activities
—

 
(241.1
)
 
(31.7
)
 
—

 
(272.8
)
Financing activities
 
 
 
 
 
 
 
 
 
Principal payments of debt
—

 
(1.2
)
 
(1.6
)
 
—

 
(2.8
)
Collection on (repayment of) intercompany debt
—

 
54.9

 
(54.9
)
 
—

 
—

Payments on term loan
—

 
(25.0
)
 
—

 
—

 
(25.0
)
Debt issuance and financing costs
—

 
(0.9
)
 
—

 
—

 
(0.9
)
Taxes paid related to net share settlement awards
—

 
(14.2
)
 
—

 
—

 
(14.2
)
Proceeds from financing under the New Markets Tax Credit Program

—

 
7.6

 
—

 
—

 
7.6

Proceeds (payments) from subsidiary for purchase of treasury stock
496.3

 
(496.3
)
 
—

 
—

 
—

Purchase of treasury stock
(496.3
)
 
—

 
—

 
—

 
(496.3
)
Proceeds (payments) from subsidiary for dividends paid
47.1

 
(47.1
)
 
—

 
—

 
—

Dividends paid
(47.1
)
 
—

 
—

 
—

 
(47.1
)
Net cash used in financing activities
—

 
(522.2
)
 
(56.5
)
 
—

 
(578.7
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
5.6

 
—

 
5.6

Net (decrease) increase in cash, cash equivalents, and restricted cash for the period
—

 
(312.8
)
 
40.6

 
—

 
(272.2
)
Cash, cash equivalents, and restricted cash, beginning of period
—

 
700.1

 
17.6

 
—

 
717.7

Cash, cash equivalents, and restricted cash, end of period
$
—

 
$
387.3

 
$
58.2

 
$
—

 
$
445.5