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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Statement of Cash Flows [Abstract]    
Cash and cash equivalents at beginning of year $ 439,272 $ 746,724
Cash flows from operating activities:    
Net (loss) income 281,547 117,698
Adjustments to reconcile net income to cash flows from operating activities:    
Depreciation and amortization 66,574 62,260
Gain (Loss) on Disposition of Business 8,400 0
Stock-based compensation and other 4,245 2,560
Equity in net income of unconsolidated investments (net of tax) (62,436) (16,511)
Dividends received from unconsolidated investments and nonmarketable securities 39,168 4,950
Pension and postretirement benefit (4,250) (4,226)
Pension and postretirement contributions (3,890) (15,329)
Unrealized gain on investments in marketable securities 1,469 (1,762)
Loss on early extinguishment of debt 0 27,798
Deferred income taxes 27,747 (19,384)
Working capital changes (219,397) (49,185)
Non-cash transfer of 40% value of construction in progress of Kemerton plant to MRL 65,100 43,223
Other, net 1,899 5,857
Net cash provided by operating activities 206,176 157,949
Cash flows from investing activities:    
Capital expenditures (231,698) (179,683)
Sales of marketable securities, net 3,751 5,245
Investments in equity and other corporate investments (146) (286)
Net cash used in investing activities (228,093) (174,724)
Cash flows from financing activities:    
Proceeds from issuance of common stock 0 1,453,888
Repayments of long-term debt and credit agreements 0 (1,174,980)
Proceeds from borrowings of credit agreements 280,000 0
-166615000 (166,615) (325,159)
Fees related to early extinguishment of debt 0 (23,719)
Dividends paid to shareholders (45,637) (41,130)
Dividends paid to noncontrolling interests 0 (26,219)
Proceeds from exercise of stock options 419 1,183
Withholding taxes paid on stock-based compensation award distributions (10,422) (6,860)
Other (126) (253)
Net cash provided by (used in) financing activities 57,619 (143,249)
Net effect of foreign exchange on cash and cash equivalents (11,649) (16,841)
Increase (decrease) in cash and cash equivalents 24,053 (176,865)
Cash and cash equivalents at end of period $ 463,325 $ 569,859