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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net loss $ (75.2) $ (80.0)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 163.4 244.9
Provision for loss on receivables 4.8 5.0
Unrealized gain on interest rate swaps (15.4) (12.8)
Noncash portion of interest expense 5.3 3.3
Deferred income taxes 30.1 (25.7)
Pension and other postretirement payments in excess of expense (5.5) (3.6)
Other, net (5.3) (0.5)
Changes in operating assets and liabilities:    
Decrease (increase) in receivables 115.4 (1.5)
Decrease (increase) in inventory, materials, supplies, prepaid expenses and other current assets 12.2 (1.4)
Decrease in accounts payable (92.3) (84.8)
Decrease in accrued and other current liabilities (4.3) (20.7)
Increase in other noncurrent assets (6.7) (1.8)
Increase (decrease) in other noncurrent liabilities 2.2 (3.8)
Net cash provided by operating activities 128.7 16.6
Cash flows from investing activities    
Capital expenditures (296.6) (303.3)
Acquisition of businesses, net of cash acquired 0.0 (3.0)
Insurance proceeds received for damage to equipment 3.3 0.2
Other, net (1.1) (3.1)
Net cash used in investing activities (294.4) (309.2)
Cash flows from financing activities    
Proceeds from issuance of long-term debt 306.0 205.2
Net (decrease) increase in corporate credit facility with initial maturities less than 90 days (105.5) 68.0
Proceeds from borrowings on receivables facilities 761.3 1,110.6
Payments on receivables facilities (772.0) (1,055.1)
Repayment of debt (15.5) (33.9)
Payment of debt issuance costs (3.7) (3.3)
Net cash provided by financing activities 170.6 291.5
Effect of exchange rate changes on cash, cash equivalents and restricted cash 0.0 0.0
Net increase (decrease) in cash, cash equivalents and restricted cash 4.9 (1.1)
Cash, cash equivalents and restricted cash at beginning of period 12.5 12.9
Cash, cash equivalents and restricted cash at end of period 17.4 11.8
Noncash investing and financing transactions:    
Acquisition of property by assuming debt and other noncurrent liabilities 3.6 3.4
Acquisition of property on account $ 61.8 $ 95.6