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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES    
Net earnings (loss) $ 37.8 $ (128.5)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation and amortization 157.3 181.6
Impairment charges 34.9 75.6
Reclassification of foreign currency translation adjustments (2.7) 0.0
Settlement charges on pension plans 0.9 0.0
Amortization of debt issuance costs and original issue discount 3.0 2.6
Loss on debt extinguishment 0.7 1.8
Stock-based compensation 6.2 10.6
Gain on the sale or disposal of property, plant and equipment (49.0) (1.8)
(Gain) loss on the sale of businesses (20.9) 3.5
Gain from property insurance claims (13.4) (4.7)
Deferred income taxes 5.3 48.5
Equity in (earnings) loss of unconsolidated entity (0.3) 0.2
Changes in operating assets and liabilities—net of acquisitions and divestitures:    
Receivables 12.7 72.8
Inventories (58.3) 45.8
Prepaid expenses and other current assets 8.1 0.2
Accounts payable and other current liabilities 49.0 (90.5)
Other (34.8) (27.5)
Net cash provided by operating activities 136.5 190.2
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (50.0) (61.0)
Cost investment in unconsolidated entities (1.4) (0.5)
Proceeds from the sale of property, plant and equipment 126.3 7.4
Proceeds from the sale of businesses 39.7 61.3
Proceeds from property insurance claims 15.0 4.8
Acquisition of businesses—net of cash acquired 0.0 (2.2)
Other investing activities (0.2) (0.1)
Net cash provided by investing activities 129.4 9.7
FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt 15.9 1.0
Payments of long-term debt (139.5) (177.9)
Payments of finance lease obligations (3.0) (7.4)
Borrowings on revolving credit facilities 445.1 350.6
Payments on revolving credit facilities (440.5) (351.7)
Payments of debt issuance costs and financing fees (5.9) (2.7)
Change in ownership of noncontrolling interests (1.9) (22.4)
Equity awards redeemed to pay employees’ tax obligations (1.1) (1.0)
Payment of cash dividends (1.4) (9.5)
Other financing activities (8.6) (2.6)
Net cash used in financing activities (140.9) (223.6)
Effect of exchange rates on cash and cash equivalents (0.3) 0.2
Net increase (decrease) in cash and cash equivalents 124.7 (23.5)
Cash and cash equivalents at beginning of year 55.2 78.7
Cash and cash equivalents at end of year $ 179.9 $ 55.2