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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation and amortization expense $ 315.6 $ 337.1 $ 327.6
Amortization of deferred financing fees 12.6 11.9 15.1
Accretion of customer supply agreement 2.6 2.2 3.5
Employee stock compensation expense 29.2 36.6 25.8
(Gain) loss from derivative instruments (0.5) 17.1 (0.1)
Loss (gain) from foreign currency transactions 7.5 (18.9) (4.4)
Gains (Losses) on Extinguishment of Debt 11.8 2.6 0.0
Payment for Debt Extinguishment or Debt Prepayment Cost (11.8) (2.6) 0.0
Loss on disposition of assets 6.9 1.1 4.1
Deferred taxes 18.1 8.5 (4.5)
Pension and other post-retirement plans expense (income) 55.1 37.1 (109.1)
Increase (Decrease) in Obligation, Pension and Other Postretirement Benefits 186.6 19.5 (173.8)
Grant liability amortization (1.1) (1.5) (1.5)
Equity in net loss of affiliates 0.3 1.6 2.8
Increase (Decrease) in Forward Position (194.9) (89.7) (10.4)
Changes in assets and liabilities      
Accounts receivable, net (96.6) (39.4) 51.5
Inventory, net (295.1) (118.2) 30.9
Increase (Decrease) in Contract with Customer, Asset (18.0) (63.9) (70.9)
Accounts payable and accrued liabilities 213.8 220.7 160.2
Profit sharing/deferred compensation (25.0) (22.5) 6.2
Advance payments 114.1 (133.2) 2.7
Income taxes receivable/payable (3.4) 9.5 302.4
Increase (Decrease) in Contract with Customer, Liability (3.0) (30.4) (82.4)
Other 4.3 0.1 (12.3)
Net cash used in operating activities (225.8) (394.6) (63.2)
Investing activities      
Purchase of property, plant and equipment (148.0) (121.6) (150.6)
Payments to Acquire Businesses, Net of Cash Acquired 0.0 (31.3) (21.1)
Payments for (Proceeds from) Other Investing Activities (0.2) 2.6 (7.9)
Net cash used in investing activities (147.8) (155.5) (163.8)
Financing activities      
Proceeds from Issuance of Senior Long-term Debt 1,200.0 900.0 0.0
Proceeds from revolving credit facility 5.4 0.0 0.0
Payments on revolving credit facility (0.6) 0.0 0.0
Principal payments of debt (64.1) (47.6) (42.1)
Repayments of Debt (5.9) (6.0) (401.5)
Early Repayment of Senior Debt (1,200.0) (779.2) (300.0)
Payment, Tax Withholding, Share-based Payment Arrangement (6.6) (7.2) (5.2)
Proceeds from Stock Plans 6.3 3.9 3.0
Debt issuance and financing costs (28.5) (32.3) (3.4)
Proceeds from Other Debt (180.0)    
Payments of Dividends 0.0 (4.2) (4.3)
Proceeds from Noncontrolling Interests 0.0 3.7 0.0
Net cash (used in) provided by financing activities 531.6 (261.0) (163.5)
Proceeds from Issuance of Secured Debt 242.7 0.0 600.0
Net decrease in cash, cash equivalents, and restricted cash for the period 167.5 (820.0) (394.7)
Cash, cash equivalents, and restricted cash, end of period 823.5 658.6 1,478.6
Restricted Cash, Current 0.1 0.2 0.3
Restricted Cash and Investments, Noncurrent 22.3 19.6 19.5
Supplemental information      
Interest paid 285.3 222.5 198.4
Proceeds from Income Tax Refunds (2.8)    
Income taxes paid   (15.2) (314.4)
Property acquired through capital leases 31.7 49.6 32.1
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 845.9 678.4 1,498.4
Proceeds from (Repayments of) Other Debt 180.0 0.0 (10.0)
Gain (Loss) on Contract Termination (1.8) (21.9) 0.0
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations 9.5 (8.9) (4.2)
Interest paid 285.3 222.5 198.4
Proceeds from Income Tax Refunds 2.8    
Income taxes paid   15.2 314.4
Lease Obligation Incurred 31.7 49.6 32.1
Payments to Acquire Businesses, Net of Cash Acquired 0.0 31.3 21.1
Payments of Dividends 0.0 4.2 4.3
Proceeds from Noncontrolling Interests 0.0 3.7 0.0
Proceeds from (Payments for) Other Financing Activities 0.0 (289.5) 0.0
Payment, Tax Withholding, Share-based Payment Arrangement 6.6 7.2 5.2
Proceeds from Stock Plans 6.3 3.9 3.0
Gains (Losses) on Extinguishment of Debt (11.8) (2.6) 0.0
Payment for Debt Extinguishment or Debt Prepayment Cost 11.8 2.6 0.0
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability (2.4) 0.0 0.0
Increase (Decrease) in Other Operating Assets and Liabilities, Net (4.3) (0.1) 12.3
Increase (Decrease) in Deferred Liabilities 53.6 (14.4) 14.2
Proceeds from Issuance of Common Stock 220.7 0.0 0.0
Proceeds from Other Debt (180.0)    
Proceeds from (Repayments of) Other Debt 180.0 0.0 (10.0)
Repayments of Long-term Debt 64.1 47.6 42.1
Repayments of Debt 5.9 6.0 401.5
Repayments of Lines of Credit 0.6 0.0 0.0
Early Repayment of Senior Debt 1,200.0 779.2 300.0
Asset Acquisition, Consideration Transferred, Contingent Consideration (6.0) 0.0 0.0
Payments of Financing Costs 28.5 32.3 3.4
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations 9.5 (8.9) (4.2)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ (616.1) $ (546.2) $ (540.8)