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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Net income (loss) $ 35.0 $ (33.6) $ 64.3
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Depreciation and amortization 469.7 487.2 492.1
Impairment charge 12.0 0.0 0.0
Deferred income taxes (31.9) (45.7) (29.5)
Stock-based compensation 15.0 13.4 17.7
Pensions and other postretirement benefits, net of contributions (12.8) (19.1) (11.8)
Loss (gain) on disposal of property, plant and equipment, net 5.8 5.8 (0.5)
Loss on equity securities 0.1 1.1 25.5
Gain on bargain purchase of business 0.0 0.0 (13.6)
Debt refinancing and redemption costs 0.6 1.3 6.4
Changes in operating assets and liabilities, net of amounts acquired or disposed      
Accounts receivable 70.3 7.2 (38.7)
Inventories 17.1 (13.2) (16.2)
Accounts payable and accrued expenses (64.2) 58.6 61.1
Deferred revenue (33.3) (16.1) (16.8)
Other assets and liabilities (28.0) (50.8) (91.1)
Net cash provided by operating activities 455.4 396.1 448.9
Investing activities      
Purchases of property, plant and equipment (248.0) (194.6) (171.4)
Proceeds from sale of property, plant and equipment 4.0 0.9 4.7
Proceeds from government grants 2.0 0.0 0.0
Purchase buyouts of leases (3.1) (2.1) (4.0)
Acquisition of business, net of cash acquired (7.3) (2.5) (88.9)
Proceeds from sale of equity securities 0.8 0.0 0.0
Investment in affiliates (3.2) (3.2) (0.4)
Proceeds from insurance claim 0.0 17.0 17.0
Net cash used in investing activities (254.8) (184.5) (243.0)
Financing activities      
Proceeds from Revolving Credit Facility 0.0 0.0 25.0
Payments of Revolving Credit Facility 0.0 (25.0) 0.0
Proceeds from issuance of long-term debt 7.0 35.8 247.9
Payments of long-term debt (155.4) (184.8) (458.3)
Debt issuance costs (1.7) (3.2) (31.4)
Purchase of treasury stock (2.8) (14.7) (1.9)
Finance lease obligations and other (3.3) (13.6) 1.5
Net cash used in financing activities (156.2) (205.5) (217.2)
Effect of exchange rate changes on cash (11.4) 2.3 (7.4)
Net increase (decrease) in cash and cash equivalents 33.0 8.4 (18.7)
Cash and cash equivalents at beginning of year 519.9 511.5 530.2
Cash and cash equivalents at end of year 552.9 519.9 511.5
Supplemental cash flow information      
Interest paid 184.6 186.4 172.6
Income taxes paid, net $ 49.5 $ 54.9 $ 40.4