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Statement of Consolidated Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income $ 77.5 $ 76.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 19.6 18.3
Amortization of definite-lived intangible assets 1.3 1.3
Amortization of debt discount and debt issuance costs 8.2 7.2
Deferred income taxes 40.9 44.8
Excess tax benefit upon vesting of non-vested shares and dividend payment on unvested shares expected to vest (1.0) (1.3)
Non-cash equity compensation 6.1 5.4
Net non-cash LIFO benefit (19.7) (13.5)
Non-cash unrealized losses (gains) on derivative positions (2.3) 16.4
Amortization of option premiums paid 0 0.3
Losses on disposition of property, plant and equipment 0.2 0
Gain on disposition of available for sale securities (0.4) 0
Non-cash net periodic pension benefit income relating to VEBAs (16.9) (8.9)
Other non-cash (benefit) charges (4.6) 1.1
Changes in operating assets and liabilities:    
Trade and other receivables (6.7) (58.0)
Inventories (excluding LIFO benefit/charge) (2.2) 30.2
Prepaid expenses and other current assets 0.1 1.7
Accounts payable 8.7 4.4
Accrued liabilities (12.3) 15.7
Payable to affiliate (7.9) (0.4)
Long-term assets and liabilities, net (2.6) (1.9)
Net cash provided by operating activities 90.6 106.7
Cash flows from investing activities:    
Capital expenditures (47.0) (25.7)
Purchase of available for sale securities (201.8) (80.0)
Proceeds from disposition of available for sale securities 170.7 0
Change in restricted cash 0.7 6.8
Net cash used in investing activities (77.4) (98.9)
Cash flows from financing activities:    
Proceeds from issuance of senior notes 0 225.0
Cash paid for financing costs 0 (6.6)
Repayment of promissory notes 0 (4.7)
Repayment of capital lease 0 (0.1)
Excess tax benefit upon vesting of non-vested shares and dividend payment on unvested shares expected to vest 1.0 1.3
Cancellation of shares to cover employees’ tax withholdings upon vesting of non-vested shares (2.4) (2.2)
Repurchase of common stock (43.9) 0
Cash dividend paid to stockholders (17.3) (14.7)
Cash dividend returned to the Company 0.6 0
Net cash (used in) provided by financing activities (62.0) 198.0
Net (decrease) increase in cash and cash equivalents during the period (48.8) 205.8
Cash and cash equivalents at beginning of period 273.4 49.8
Cash and cash equivalents at end of period $ 224.6 $ 255.6