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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net income (loss) $ 5.9 $ (561.1) $ (484.1)
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Depreciation and amortization 544.3 521.9 536.9
Impairment charges 0.0 510.0 667.9
Deferred income taxes (27.2) (34.1) (94.6)
Stock-based compensation 18.2 19.4 22.4
Pensions and other postretirement benefits, net of contributions 19.9 (15.7) (8.8)
Loss on sale of business, net 2.7 1.0 10.5
Loss on disposal of property, plant and equipment, net 5.8 20.6 4.1
Unrealized gain on equity securities (24.4) 0.0 0.0
Debt refinancing and redemption costs 34.0 7.9 8.4
Changes in operating assets and liabilities, net of amounts acquired or disposed      
Accounts receivable 23.1 28.9 63.9
Inventories (87.7) 53.7 56.1
Accounts payable and accrued expenses 62.7 (37.1) (97.7)
Deferred revenue 13.3 5.5 (17.9)
Other assets and liabilities (52.2) (66.2) (107.5)
Net cash provided by operating activities 538.4 454.7 559.6
Investing activities      
Purchases of property, plant and equipment (181.2) (215.6) (433.3)
Proceeds from sale of property, plant and equipment 2.0 1.7 5.0
Purchase buyouts of leased equipment 0.0 (0.1) (0.9)
Final settlement on sale of business 0.0 (4.4) 0.0
Proceeds from sale of business, net 1.0 0.0 141.2
Acquisition of business, net of cash acquired (4.9) 0.0 (9.4)
Investment in affiliates (1.1) 0.0 (9.2)
Proceeds from insurance claim 23.1 0.0 0.0
Net cash used in investing activities (161.1) (218.4) (306.6)
Financing activities      
Proceeds from Revolving Credit Facility 0.0 350.0 0.0
Payments of Revolving Credit Facility 0.0 (350.0) 0.0
Proceeds from issuance of long-term debt 634.7 408.0 356.3
Payments of long-term debt (1,017.6) (607.2) (544.4)
Debt issuance costs (9.2) (11.0) (3.3)
Purchase of treasury stock (4.3) (2.7) (7.5)
Finance lease obligations and other (5.0) (1.6) (1.1)
Net cash used in financing activities (401.4) (214.5) (200.0)
Effect of exchange rate changes on cash (2.7) 3.2 0.1
Net increase (decrease) in cash, cash equivalents and restricted cash (26.8) 25.0 53.1
Cash, cash equivalents and restricted cash at beginning of year 557.0 532.0 478.9
Cash, cash equivalents and restricted cash at end of year 530.2 557.0 532.0
Supplemental cash flow information      
Interest paid 184.9 192.4 205.4
Income taxes paid, net 26.6 2.1 57.1
Non-cash investing activities: Deferred consideration for acquisition of business 10.0 0.0 0.0
Twelve year deferred payment obligation at 6% [Member]      
Supplemental cash flow information      
Non-cash investing activities: Debt security received for sale of U.S. Casting $ 0.0 $ 0.0 $ 60.0