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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net income (loss) $ (33.6) $ 64.3 $ 5.9
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Depreciation and amortization 487.2 492.1 544.3
Deferred income taxes (45.7) (29.5) (27.2)
Stock-based compensation 13.4 17.7 18.2
Pensions and other postretirement benefits, net of contributions (19.1) (11.8) 19.9
Loss on sale of business, net 0.0 0.0 2.7
Loss (gain) on disposal of property, plant and equipment, net 5.8 (0.5) 5.8
Unrealized loss (gain) on equity securities 1.1 25.5 (24.4)
Gain on bargain purchase of business 0.0 (13.6) 0.0
Debt refinancing and redemption costs 1.3 6.4 34.0
Changes in operating assets and liabilities, net of amounts acquired or disposed      
Accounts receivable 7.2 (38.7) 23.1
Inventories (13.2) (16.2) (87.7)
Accounts payable and accrued expenses 58.6 61.1 62.7
Deferred revenue (16.1) (16.8) 13.3
Other assets and liabilities (50.8) (91.1) (52.2)
Net cash provided by operating activities 396.1 448.9 538.4
Investing activities      
Purchases of property, plant and equipment (194.6) (171.4) (181.2)
Proceeds from sale of property, plant and equipment 0.9 4.7 2.0
Purchase buyouts of leases (2.1) (4.0) 0.0
Proceeds from sale of business, net 0.0 0.0 1.0
Acquisition of business, net of cash acquired (2.5) (88.9) (4.9)
Investment in affiliates (3.2) (0.4) (1.1)
Proceeds from insurance claim 17.0 17.0 23.1
Net cash used in investing activities (184.5) (243.0) (161.1)
Financing activities      
Proceeds from Revolving Credit Facility 0.0 25.0 0.0
Payments of Revolving Credit Facility (25.0) 0.0 0.0
Proceeds from issuance of long-term debt 35.8 247.9 634.7
Payments of long-term debt (184.8) (458.3) (1,017.6)
Debt issuance costs (3.2) (31.4) (9.2)
Purchase of treasury stock (14.7) (1.9) (4.3)
Finance lease obligations and other (13.6) 1.5 (5.0)
Net cash used in financing activities (205.5) (217.2) (401.4)
Effect of exchange rate changes on cash 2.3 (7.4) (2.7)
Net increase (decrease) in cash and cash equivalents 8.4 (18.7) (26.8)
Cash and cash equivalents at beginning of year 511.5 530.2 557.0
Cash and cash equivalents at end of year 519.9 511.5 530.2
Supplemental cash flow information      
Interest paid 186.4 172.6 184.9
Income taxes paid, net 54.9 40.4 26.6
Non-cash investing activities: Deferred consideration for acquisition of business $ 0.0 $ 0.0 $ 10.0