XML 76 R8.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities      
Net (loss) income $ (11.3) $ 327.9 $ 549.5
Adjustments to reconcile net (loss) income to net cash and cash equivalents provided by (used for) operating activities:      
Gain on disposition of non-consolidated affiliate (11.2) 0.0 0.0
Losses (earnings) of non-consolidated affiliates 0.0 19.7 (1.8)
Losses (gains) on disposition of property, plant and equipment 0.0 2.0 (3.1)
Stock-based compensation 10.7 12.0 9.1
Depreciation and amortization 597.4 601.4 558.9
Deferred income taxes (45.5) 35.6 (452.7)
Write-off of equipment and facility included in restructuring charges 58.9 2.6 1.4
Qualified pension plan contributions (14.9) (2.6) (1.7)
Qualified pension plan income (9.3) (15.0) (26.9)
Change in assets and liabilities:      
Receivables 12.3 (46.3) (49.9)
Income taxes receivable/payable (10.7) 24.5 9.6
Inventories 13.0 (35.5) (37.8)
Other current assets 7.4 0.2 (12.1)
Accounts payable and accrued liabilities (11.0) (14.5) 100.0
Other assets (1.3) (2.6) 5.8
Other noncurrent liabilities 30.5 4.3 (5.9)
Other operating activities 2.3 (5.9) 6.4
Net operating activities 617.3 907.8 648.8
Investing Activities      
Capital expenditures (385.6) (385.2) (294.3)
Payments under long-term supply contracts 0.0 0.0 (209.4)
Proceeds from disposition of property, plant and equipment 0.0 2.9 5.2
Proceeds from disposition of affiliated companies 20.0 0.0 0.0
Net investing activities (365.6) (382.3) (498.5)
Long-term debt:      
Borrowings 825.0 570.0 2,035.5
Repayments 744.2 946.1 2,037.9
Common stock repurchased and retired (145.9) (50.0) 0.0
Stock options exercised 1.7 3.4 29.8
Dividends paid (129.3) (133.6) (133.0)
Debt issuance costs (16.6) (8.5) (11.2)
Net financing activities (209.3) (564.8) (116.8)
Effect of exchange rate changes on cash and cash equivalents (0.3) (0.3) 0.4
Net increase (decrease) in cash and cash equivalents 42.1 (39.6) 33.9
Cash and cash equivalents, beginning of year 178.8 218.4 184.5
Cash and cash equivalents, end of year 220.9 178.8 218.4
Cash paid for interest and income taxes:      
Interest, net 198.3 208.8 200.9
Income taxes, net of refunds $ 36.3 $ 52.9 $ 18.0