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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities:    
Net loss $ (314.8) $ (97.0)
Adjustments to reconcile net loss to net cash generated by (used in) operating activities:    
Depreciation and amortization 202.5 303.5
Equity-based compensation 12.8 24.2
Deferred income taxes 6.8 (61.9)
Asset impairments 17.2 0.0
Changes in assets and liabilities:    
Accounts receivable (180.5) 174.4
Inventories 46.7 135.6
Prepaid expenses and other assets (101.6) 16.3
Accounts payable and other liabilities 117.4 (411.2)
Other 66.6 6.8
Net cash generated by (used in) operating activities (126.9) 90.7
Investing Activities:    
Additions to property, plant and equipment (11.3) (35.2)
Proceeds from sale of property, plant and equipment 0.2 41.6
Acquisition of a business (45.1) 0.0
Other 8.6 20.5
Net cash generated by (used in) investing activities (47.6) 26.9
Financing Activities:    
Long-term debt repaid (16.0) (16.0)
Long-term debt repurchases 0.0 (75.0)
Tax withholding payments for vested equity-based compensation awards (1.8) (8.9)
Other 0.0 2.1
Net cash used in financing activities (17.8) (97.8)
Effect of exchange rate changes on cash and cash equivalents (5.6) 0.2
Change in cash and cash equivalents (197.9) 20.0
Cash and cash equivalents at beginning of period 543.8 398.1
Cash and cash equivalents at end of period $ 345.9 $ 418.1