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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities:    
Net income $ 25.6 $ 16.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 13.6 13.3
Stock-based compensation 1.6 0.6
Deferred income taxes 4.5 14.6
Provision for allowances, claims, and doubtful accounts 1.6 1.4
Gain on sale of assets (20.3)  
Pension settlement charge 0.2 0.4
Gain on retirement of debt   (0.8)
Non-cash loss from derivatives 9.1 2.7
Other items   (0.1)
Change in operating assets and liabilities:    
Receivables (165.2) (69.4)
Inventories (12.3) (4.1)
Other assets and liabilities (19.7) 5.1
Accounts payable 118.5 98.5
Accrued liabilities 13.0 16.1
Accrued taxes payable/receivable 0.5 (14.2)
Deferred employee benefit costs (18.0) (7.7)
Net adjustments (72.9) 56.4
Net cash (used in) provided by operating activities (47.3) 72.8
Investing activities:    
Capital expenditures (6.5) (6.9)
Proceeds from sale of property, plant, and equipment 29.0  
Other items (0.5)  
Net cash provided by (used in) investing activities 22.0 (6.9)
Financing activities:    
Repayment of debt (0.4) (54.2)
Net proceeds of short-term borrowings 1.2 168.2
Net increase (decrease) in book overdrafts 9.4 (31.2)
Principal payments on finance lease obligations (2.5) (3.4)
Other items (0.1)  
Net cash provided by financing activities 7.6 79.4
Net increase (decrease) in cash, cash equivalents, and restricted cash (17.7) 145.3
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (0.4) (0.4)
Net change in cash, cash equivalents, and restricted cash (18.1) 144.9
Cash, cash equivalents, and restricted cash—beginning of period 62.5 59.8
Cash, cash equivalents, and restricted cash—end of period 44.4 204.7
Cash paid during the period for:    
Interest paid to third parties, net 22.8 6.5
Income taxes, net 2.3 1.9
Noncash investing activities:    
Asset additions under operating leases 6.1 0.4
Asset additions under finance leases and sale-leasebacks $ 1.7 $ 0.1