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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH PROVIDED BY OPERATIONS:      
Net income (loss) $ 320.6 $ 93.3 $ (114.9)
Adjustments to reconcile net income (loss) to net cash provided by operations:      
Depreciation and amortization 402.9 392.7 322.6
Provision for pension and postretirement benefits 15.0 34.0 25.1
Share-based compensation expense 34.6 33.6 34.5
(Gain) loss on disposals of property and equipment 8.7 (7.7) (3.7)
Deferred income taxes (37.9) (1.1) (182.5)
Contingent payment derivative (6.1) 0.0 0.0
Asset impairment charges 34.3 329.8 574.0
Other 3.7 0.5 0.0
Changes in current assets and liabilities:      
Receivables - trade and other 109.2 134.7 (200.6)
Prepaid expenses and other current assets 9.2 0.6 16.3
Accounts payable (4.0) 23.2 (20.6)
Accrued income taxes (3.4) 10.6 4.9
Other current liabilities (32.2) (13.1) 72.9
Other postretirement benefit claims paid (7.9) (4.4) (4.1)
Contributions to pension plans (22.5) (11.4) (54.8)
Deferred revenues 63.7 (3.1) (18.3)
Net changes in other noncurrent assets and liabilities 12.7 (15.3) (27.8)
Net cash provided by (used in) operations 900.6 996.9 423.0
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (117.6) (722.9) (1,958.2)
Proceeds from disposals of property and equipment 6.2 19.4 22.0
Net cash provided by (used in) investing activities (111.4) (703.5) (1,936.2)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from borrowings 500.0 220.0 793.4
Reduction of long-term debt (511.8) (317.9) 0.0
Dividends paid 0.0 (50.5) (37.7)
Debt issue costs (8.7) 0.0 (0.7)
Proceeds from exercise of share options 0.0 0.0 4.7
Excess tax benefits from share-based compensation 2.6 0.0 (0.1)
Net cash provided by (used in) financing activities (17.9) (148.4) 759.6
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 771.3 145.0 (753.6)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 484.2 339.2 1,092.8
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 1,255.5 $ 484.2 $ 339.2