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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net income $ 132.1 $ 105.7 $ 126.3
Reconciliation to net cash provided by operating activities:      
Depreciation and amortization 124.0 124.8 126.2
Amortization of deferred financing costs and debt discount 0.4 0.6 0.7
Deferred income taxes (16.7) (32.7) (3.1)
Equity in earnings from affiliated companies 0.0 (8.1) (8.1)
Stock-based compensation 22.2 20.9 20.0
Restructuring expenses, net of payments 0.0 (4.4) (0.7)
Pension Settlement 0.0 70.5 0.0
Gain on sale of assets 0.0 (0.8) (19.4)
Impairment of assets 28.9 3.1 1.6
Loss (gain) on sale of investments 0.0 3.0 (0.3)
Changes in assets and liabilities:      
Decrease (increase) in accounts receivable 10.7 (8.9) (62.8)
Increase in inventories (34.0) (8.9) (82.4)
(Increase) decrease in prepaid expenses and other current assets (6.7) 2.6 (8.3)
Increase (decrease) in accounts payable/accrued liabilities 29.2 (12.2) 80.8
Other – net (0.2) 1.9 2.6
Net cash provided by operating activities 289.9 257.1 173.1
Cash flows from investing activities      
Capital expenditures (87.0) (108.2) (76.3)
Proceeds from sale of assets 0.0 10.3 21.2
Proceeds from sale of investments 0.0 47.2 0.5
Net cash used for investing activities (87.0) (50.7) (54.6)
Cash flows from financing activities      
Repayment of finance lease obligation and other debt, net 0.3 (0.2) (0.6)
Issuance costs related to senior credit facility 0.0 (2.5) 0.0
Dividends paid (49.3) (42.2) (33.7)
Repurchase of stock (252.2) (30.1) 0.0
Activity under stock plans (0.5) 7.4 4.3
Net cash used for financing activities (301.7) (92.6) (130.0)
Effect of exchange rate changes on cash and cash equivalents (2.8) 1.2 (4.2)
Net (decrease) increase in cash and cash equivalents (101.6) 115.0 (15.7)
Cash and cash equivalents at beginning of period 227.0 112.0 127.7
Cash and cash equivalents at end of period 125.4 227.0 112.0
Supplemental data:      
Interest, net of capitalized interest 33.5 34.6 35.4
Income Taxes 42.2 59.1 35.9
Accrual basis additions to property, plant and equipment 81.1 121.6 69.8
Senior Unsecured Credit Facility Two Thousand Twenty Eight [Member]      
Cash flows from financing activities      
Borrowing from senior unsecured credit facility 160.0 98.0 0.0
Repayment of senior unsecured credit facility (160.0) (98.0) 0.0
Senior Unsecured Credit Facility Two Thousand Twenty Four [Member]      
Cash flows from financing activities      
Borrowing from senior unsecured credit facility 0.0 65.0 50.0
Repayment of senior unsecured credit facility $ 0.0 $ (90.0) $ (150.0)