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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net income $ 16.4 $ 29.6
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 13.3 14.2
Stock-based compensation 0.6 0.8
Deferred income taxes 14.6 11.9
Provision for allowances, claims, and doubtful accounts 1.4 1.3
Restructuring and other charges   0.3
Pension settlement charge 0.4 0.1
(Gain) loss on retirement of debt (0.8) 0.2
Non-cash (gain) loss from derivatives 2.7 (2.8)
Other items (0.1) 0.3
Change in operating assets and liabilities:    
Receivables (69.4) (69.8)
Inventories (4.1) (69.5)
Other assets 5.1 1.0
Accounts payable 98.5 81.0
Accrued liabilities 16.1 (7.3)
Accrued taxes payable/receivable (14.2) (2.8)
Deferred employee benefit costs (7.7) (7.0)
Net adjustments 56.4 (48.1)
Net cash provided by (used in) operating activities 72.8 (18.5)
Investing activities:    
Capital expenditures (6.9) (11.3)
Proceeds from sale of property, plant, and equipment   8.5
Net cash used in investing activities (6.9) (2.8)
Financing activities:    
Repayment of debt (54.2) (11.8)
Net proceeds of short-term borrowings 168.2 21.4
Net increase (decrease) in book overdrafts (31.2) 12.5
Principal payments on finance lease obligations (3.4) (3.0)
Contingent payment related to acquisition   (0.4)
Net cash provided by financing activities 79.4 18.7
Net increase (decrease) in cash, cash equivalents, and restricted cash 145.3 (2.6)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (0.4) 1.4
Net change in cash, cash equivalents, and restricted cash 144.9 (1.2)
Cash, cash equivalents, and restricted cash—beginning of period 59.8 24.3
Cash, cash equivalents, and restricted cash—end of period 204.7 23.1
Cash paid during the period for:    
Interest paid to third parties, net 6.5 6.3
Income taxes, net 1.9 3.2
Noncash investing activities:    
Asset additions under adoption of accounting principal ASC 842   82.3
Asset additions under operating leases 0.4 2.6
Asset additions under finance leases and sale-leasebacks $ 0.1 0.1
Noncash financing activities:    
Short term debt converted to finance lease   $ 7.6