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STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net (loss) income [2] $ 112.5 [1] $ 65.7 [3] $ 67.8 [3]
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of property, plant and equipment [2] 118.0 111.9 [4] 103.3 [4]
Amortization of definite-lived intangible assets [2] 4.5 4.5 [4] 5.3 [4]
Amortization and write-off of debt issuance costs [2] 4.5 2.3 [4] 2.2 [4]
Deferred income taxes [2] 33.1 12.6 [4] 13.6 [4]
Non-cash equity compensation [2] 18.5 14.4 [4] 16.1 [4]
Non-cash asset impairment charges [2],[5] 2.0 3.6 [4]  
Gain on disposition of property, plant and equipment and asset write-offs, net [2] (7.1) (3.3) [4] (13.8) [4]
Bad debt expense [2] 0.4 0.3 [4]  
Non-cash postretirement and postemployment defined benefit plan cost 9.5 9.0 13.4
Changes in operating assets and liabilities:      
Trade and other receivables [2] (81.9) (4.5) [4] 33.1 [4]
Contract assets [2] 10.0 (14.9) [4] 0.1 [4]
Inventories [2] (125.3) (50.4) [4] 21.5 [4]
Prepaid expenses and other current assets [2] 1.0 (9.6) [4] (2.8) [4]
Accounts payable [2] 15.1 14.1 [4] (43.0) [4]
Accrued liabilities [2] 13.4 9.9 [4] 6.6 [4]
Annual variable cash contributions to Salaried VEBA [2] (0.7) (1.1) [4]  
Long-term assets and liabilities, net [2] (16.1) 2.6 [4] (11.5) [4]
Net cash provided by operating activities [2] 111.4 167.1 [4] 211.9 [4]
Cash flows from investing activities:      
Capital expenditures [2] (136.9) (180.8) [4] (143.2) [4]
Purchase of equity securities [2] (0.4) (0.1) [4] (0.3) [4]
Proceeds from sale of equity securities [2] 6.4 0.3 [4] 0.1 [4]
Proceeds from disposition of property, plant and equipment [2] 53.1 6.0 [4] 15.2 [4]
Net cash used in investing activities [2] (77.8) (174.6) [4] (128.2) [4]
Cash flows from financing activities:      
Borrowings under the Revolving Credit Facility 653.3   215.1 [2],[4]
Repayment of borrowings under the Revolving Credit Facility (631.0)   (215.1) [2],[4]
Issuance of 5.875% Senior Notes [2] 500.0    
Repayment of principal of 4.625% Senior Notes [2] (500.0)    
Cash paid for debt issuance costs [2] (10.1)    
Repayment of finance lease [2] (2.5) (2.5) [4] (2.1) [4]
Cancellation of shares to cover tax withholdings upon common shares issued [2] (3.0) (2.1) [4] (1.8) [4]
Cash dividends and dividend equivalents paid [2] (51.3) (50.7) [4] (50.4) [4]
Net cash used in financing activities [2] (44.6) (55.3) [4] (54.3) [4]
Net (decrease) increase in cash, cash equivalents and restricted cash during the period (11.0) (62.8) [4] 29.4 [4]
Cash, cash equivalents and restricted cash at beginning of period [4] 37.9 100.7 71.3
Cash, cash equivalents and restricted cash at end of period $ 26.9 $ 37.9 [4] $ 100.7 [4]
[1] Adjusted to reflect the retrospective change in inventory valuation methodology from LIFO to WAC. See Note 18 for further discussion.
[2] See Note 16 for supplemental disclosure of cash flow information.
[3] Adjusted to reflect the retrospective change in inventory valuation methodology from LIFO to WAC. See Note 18 for further discussion.
[4] Adjusted to reflect the retrospective change in inventory valuation methodology from LIFO to WAC. See Note 18 for further discussion.
[5] Non-cash asset impairment charges for the year ended December 31, 2025 are comprised of a $2.0 million write-down of certain replacement parts. Non-cash asset impairment charges for the year ended December 31, 2024 are comprised of: (i) a $3.2 million inventory write-down related to certain alloying metals and (ii) a $0.4 million impairment charge on land held for sale.