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STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net (loss) income $ (18.5) $ 28.8 $ 62.0
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation of property, plant and equipment 82.5 49.3 46.3
Amortization of definite-lived intangible assets 9.0 2.9 2.8
Amortization of debt premium and debt issuance costs 2.1 2.0 1.2
Deferred income taxes (11.4) 15.2 21.1
Non-cash equity compensation 12.9 10.0 9.8
Non-cash asset impairment charges   0.5 26.1
Loss on extinguishment of debt 35.9   20.3
(Gain) loss on disposition of property, plant and equipment (0.5) 0.2  
Loss (gain) on disposition of short-term investments   (0.7) (0.9)
Non-cash defined benefit net periodic postretirement benefit cost 9.4 5.2 7.0
Changes in operating assets and liabilities, net of effects of acquisition:      
Trade and other receivables (90.3) 60.8 20.2
Contract assets (27.1) 18.5 0.3
Inventories (43.5) 25.6 37.5
Prepaid expenses and other current assets (0.9) (6.8) 4.2
Accounts payable 112.5 (5.9) (24.5)
Accrued liabilities 17.3 (0.6) (5.0)
Annual variable cash contributions to Salaried VEBA (1.7) (2.9) (2.1)
Long-term assets and liabilities, net (8.3) 4.8 6.0
Net cash provided by operating activities 79.4 206.9 232.3
Cash flows from investing activities:      
Capital expenditures (58.0) (51.9) (60.2)
Purchase of short-term investments   (39.1) (132.2)
Purchase of equity securities (0.4) (0.5) (0.7)
Proceeds from disposition of short-term investments   118.1 91.1
Cash payment for acquisition of Warrick, net of cash received – Note 4 (609.2)    
Proceeds from disposal of property, plant and equipment 1.8 0.3 0.2
Net cash (used in) provided by investing activities (665.8) 26.9 (101.8)
Cash flows from financing activities:      
Cash paid for debt issuance costs (8.6) (6.2) (8.8)
Repayment of finance lease (2.1) (1.7) (1.4)
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares (2.6) (4.3) (6.2)
Repurchase of common stock   (12.5) (44.2)
Cash dividends and dividend equivalents paid (46.7) (43.4) (39.4)
Net cash provided by financing activities 109.1 281.9 8.5
Net (decrease) increase in cash, cash equivalents and restricted cash during the period (477.3) 515.7 139.0
Cash, cash equivalents and restricted cash at beginning of period 794.3 278.6 139.6
Cash, cash equivalents and restricted cash at end of period 317.0 794.3 278.6
6.50% Senior Notes      
Cash flows from financing activities:      
Repayment of principal and redemption premium of Senior Notes (380.9)    
Issuance of Senior Notes   $ 350.0  
5.875% Senior Notes      
Cash flows from financing activities:      
Repayment of principal and redemption premium of Senior Notes     (391.5)
4.50% Senior Notes      
Cash flows from financing activities:      
Issuance of Senior Notes $ 550.0    
4.625% Senior Notes      
Cash flows from financing activities:      
Issuance of Senior Notes     $ 500.0