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Financial Information for Subsidiary and Guarantor Parent (Tables) | 12 Months Ended
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Dec. 31, 2015
Financial Information for Subsidiary and Guarantor Parent [Abstract] |
Schedule of condensed consolidating balance sheets | Allegheny Technologies Incorporated Financial Information for Subsidiary and Guarantor Parent Balance Sheets December 31, 2014
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 2.2 |  |  | $ | 13.8 |  |  | $ | 253.5 |  |  | $ | — |  |  | $ | 269.5 |
Accounts receivable, net |  | 0.1 |  |  | 209.1 |  |  | 394.4 |  |  | — |  |  | 603.6 |
Intercompany notes receivable |  | — |  |  | — |  |  | 2,390.8 |  |  | (2,390.8 | ) |  | — |
Inventories, net |  | — |  |  | 387.7 |  |  | 1,085.1 |  |  | — |  |  | 1,472.8 |
Prepaid expenses and other current assets |  | 63.7 |  |  | 13.2 |  |  | 59.3 |  |  | — |  |  | 136.2 |
Total current assets |  | 66.0 |  |  | 623.8 |  |  | 4,183.1 |  |  | (2,390.8 | ) |  | 2,482.1 |
Property, plant and equipment, net |  | 2.2 |  |  | 1,545.1 |  |  | 1,414.5 |  |  | — |  |  | 2,961.8 |
Goodwill |  | — |  |  | 126.6 |  |  | 653.8 |  |  | — |  |  | 780.4 |
Intercompany notes receivable |  | — |  |  | — |  |  | 200.0 |  |  | (200.0 | ) |  | — |
Investments in subsidiaries |  | 6,149.4 |  |  | 37.7 |  |  | — |  |  | (6,187.1 | ) |  | — |
Other assets |  | 13.3 |  |  | 27.5 |  |  | 306.6 |  |  | — |  |  | 347.4 |
Total assets |  | $ | 6,230.9 |  |  | $ | 2,360.7 |  |  | $ | 6,758.0 |  |  | $ | (8,777.9 | ) |  | $ | 6,571.7 |
Liabilities and stockholders’ equity: |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 4.5 |  |  | $ | 302.0 |  |  | $ | 250.2 |  |  | $ | — |  |  | $ | 556.7 |
Accrued liabilities |  | 47.5 |  |  | 72.0 |  |  | 203.7 |  |  | — |  |  | 323.2 |
Intercompany notes payable |  | 1,232.6 |  |  | 1,158.2 |  |  | — |  |  | (2,390.8 | ) |  | — |
Short-term debt and current portion of long-term debt |  | 0.5 |  |  | 0.1 |  |  | 17.2 |  |  | — |  |  | 17.8 |
Total current liabilities |  | 1,285.1 |  |  | 1,532.3 |  |  | 471.1 |  |  | (2,390.8 | ) |  | 897.7 |
Long-term debt |  | 1,340.2 |  |  | 149.8 |  |  | 8.2 |  |  | — |  |  | 1,498.2 |
Intercompany notes payable |  | — |  |  | 200.0 |  |  | — |  |  | (200.0 | ) |  | — |
Accrued postretirement benefits |  | — |  |  | 153.0 |  |  | 262.8 |  |  | — |  |  | 415.8 |
Pension liabilities |  | 675.5 |  |  | 6.0 |  |  | 57.8 |  |  | — |  |  | 739.3 |
Deferred income taxes |  | 143.1 |  |  | — |  |  | — |  |  | — |  |  | 143.1 |
Other long-term liabilities |  | 77.7 |  |  | 22.5 |  |  | 56.0 |  |  | — |  |  | 156.2 |
Total liabilities |  | 3,521.6 |  |  | 2,063.6 |  |  | 855.9 |  |  | (2,590.8 | ) |  | 3,850.3 |
Redeemable noncontrolling interest |  | — |  |  | — |  |  | 12.1 |  |  | — |  |  | 12.1 |
Total stockholders’ equity |  | 2,709.3 |  |  | 297.1 |  |  | 5,890.0 |  |  | (6,187.1 | ) |  | 2,709.3 |
Total liabilities and stockholders’ equity |  | $ | 6,230.9 |  |  | $ | 2,360.7 |  |  | $ | 6,758.0 |  |  | $ | (8,777.9 | ) |  | $ | 6,571.7 |
Allegheny Technologies Incorporated Financial Information for Subsidiary and Guarantor Parent Balance Sheets December 31, 2015
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 0.4 |  |  | $ | 2.8 |  |  | $ | 146.6 |  |  | $ | — |  |  | $ | 149.8 |
Accounts receivable, net |  | 0.1 |  |  | 100.3 |  |  | 299.9 |  |  | — |  |  | 400.3 |
Intercompany notes receivable |  | — |  |  | — |  |  | 2,601.5 |  |  | (2,601.5 | ) |  | — |
Inventories, net |  | — |  |  | 239.9 |  |  | 1,031.7 |  |  | — |  |  | 1,271.6 |
Prepaid expenses and other current assets |  | 9.3 |  |  | 3.8 |  |  | 32.8 |  |  | — |  |  | 45.9 |
Total current assets |  | 9.8 |  |  | 346.8 |  |  | 4,112.5 |  |  | (2,601.5 | ) |  | 1,867.6 |
Property, plant and equipment, net |  | 2.2 |  |  | 1,559.9 |  |  | 1,366.1 |  |  | — |  |  | 2,928.2 |
Goodwill |  | — |  |  | — |  |  | 651.4 |  |  | — |  |  | 651.4 |
Intercompany notes receivable |  | — |  |  | — |  |  | 200.0 |  |  | (200.0 | ) |  | — |
Investments in subsidiaries |  | 5,742.5 |  |  | 37.7 |  |  | — |  |  | (5,780.2 | ) |  | — |
Other assets |  | 13.4 |  |  | 23.0 |  |  | 268.1 |  |  | — |  |  | 304.5 |
Total assets |  | $ | 5,767.9 |  |  | $ | 1,967.4 |  |  | $ | 6,598.1 |  |  | $ | (8,581.7 | ) |  | $ | 5,751.7 |
Liabilities and stockholders’ equity: |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 4.8 |  |  | $ | 171.1 |  |  | $ | 204.9 |  |  | $ | — |  |  | $ | 380.8 |
Accrued liabilities |  | 42.1 |  |  | 74.0 |  |  | 185.7 |  |  | — |  |  | 301.8 |
Intercompany notes payable |  | 1,325.4 |  |  | 1,276.1 |  |  | — |  |  | (2,601.5 | ) |  | — |
Short-term debt and current portion of long-term debt |  | 0.7 |  |  | 0.1 |  |  | 3.1 |  |  | — |  |  | 3.9 |
Total current liabilities |  | 1,373.0 |  |  | 1,521.3 |  |  | 393.7 |  |  | (2,601.5 | ) |  | 686.5 |
Long-term debt |  | 1,341.7 |  |  | 149.7 |  |  | 0.4 |  |  | — |  |  | 1,491.8 |
Intercompany notes payable |  | — |  |  | 200.0 |  |  | — |  |  | (200.0 | ) |  | — |
Accrued postretirement benefits |  | — |  |  | 280.0 |  |  | 79.2 |  |  | — |  |  | 359.2 |
Pension liabilities |  | 778.0 |  |  | 5.2 |  |  | 50.6 |  |  | — |  |  | 833.8 |
Deferred income taxes |  | 75.6 |  |  | — |  |  | — |  |  | — |  |  | 75.6 |
Other long-term liabilities |  | 15.2 |  |  | 20.7 |  |  | 72.4 |  |  | — |  |  | 108.3 |
Total liabilities |  | 3,583.5 |  |  | 2,176.9 |  |  | 596.3 |  |  | (2,801.5 | ) |  | 3,555.2 |
Redeemable noncontrolling interest |  | — |  |  | — |  |  | 12.1 |  |  | — |  |  | 12.1 |
Total stockholders’ equity |  | 2,184.4 |  |  | (209.5 | ) |  | 5,989.7 |  |  | (5,780.2 | ) |  | 2,184.4 |
Total liabilities and stockholders’ equity |  | $ | 5,767.9 |  |  | $ | 1,967.4 |  |  | $ | 6,598.1 |  |  | $ | (8,581.7 | ) |  | $ | 5,751.7 |
Schedule of condensed consolidating statements of operations | Allegheny Technologies Incorporated Financial Information for Subsidiary and Guarantor Parent Statements of Operations For the year ended December 31, 2015
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Sales |  | $ | — |  |  | $ | 1,453.2 |  |  | $ | 2,266.4 |  |  | $ | — |  |  | $ | 3,719.6 |
Cost of sales |  | 27.3 |  |  | 1,643.2 |  |  | 1,988.8 |  |  | — |  |  | 3,659.3 |
Selling and administrative expenses |  | 88.2 |  |  | 29.4 |  |  | 121.2 |  |  | — |  |  | 238.8 |
Impairment of goodwill |  | — |  |  | 126.6 |  |  | — |  |  | — |  |  | 126.6 |
Restructuring charges |  | 1.6 |  |  | 58.0 |  |  | 4.7 |  |  | — |  |  | 64.3 |
Income (loss) before interest, other income and income taxes |  | (117.1 | ) |  | (404.0 | ) |  | 151.7 |  |  | — |  |  | (369.4 | )
Interest income (expense), net |  | (117.3 | ) |  | (50.9 | ) |  | 58.0 |  |  | — |  |  | (110.2 | )
Other income (expense) including equity in income of unconsolidated subsidiaries |  | (243.6 | ) |  | 1.1 |  |  | 0.8 |  |  | 243.3 |  |  | 1.6 |
Income (loss) from continuing operations before income taxes |  | (478.0 | ) |  | (453.8 | ) |  | 210.5 |  |  | 243.3 |  |  | (478.0 | )
Income tax provision (benefit) |  | (112.1 | ) |  | (165.7 | ) |  | 51.6 |  |  | 114.1 |  |  | (112.1 | )
Income (loss) from continuing operations |  | (365.9 | ) |  | (288.1 | ) |  | 158.9 |  |  | 129.2 |  |  | (365.9 | )
Income (loss) from discontinued operations, net of tax |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) |  | (365.9 | ) |  | (288.1 | ) |  | 158.9 |  |  | 129.2 |  |  | (365.9 | )
Less: Net income attributable to noncontrolling interest |  | — |  |  | — |  |  | 12.0 |  |  | — |  |  | 12.0 |
Net income (loss) attributable to ATI |  | $ | (365.9 | ) |  | $ | (288.1 | ) |  | $ | 146.9 |  |  | $ | 129.2 |  |  | $ | (377.9 | )
Allegheny Technologies Incorporated Financial Information for Subsidiary and Guarantor Parent Statements of Operations For the year ended December 31, 2014
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Sales |  | $ | — |  |  | $ | 1,878.0 |  |  | $ | 2,345.4 |  |  | $ | — |  |  | $ | 4,223.4 |
Cost of sales |  | 45.3 |  |  | 1,874.8 |  |  | 1,924.7 |  |  | — |  |  | 3,844.8 |
Selling and administrative expenses |  | 103.9 |  |  | 44.0 |  |  | 124.6 |  |  | — |  |  | 272.5 |
Income (loss) before interest, other income and income taxes |  | (149.2 | ) |  | (40.8 | ) |  | 296.1 |  |  | — |  |  | 106.1 |
Interest income (expense), net |  | (111.0 | ) |  | (44.9 | ) |  | 47.2 |  |  | — |  |  | (108.7 | )
Other income (expense) including equity in income of unconsolidated subsidiaries |  | 261.7 |  |  | 1.1 |  |  | 2.9 |  |  | (261.6 | ) |  | 4.1 |
Income (loss) from continuing operations before income taxes |  | 1.5 |  |  | (84.6 | ) |  | 346.2 |  |  | (261.6 | ) |  | 1.5 |
Income tax provision (benefit) |  | (8.7 | ) |  | (29.3 | ) |  | 116.7 |  |  | (87.4 | ) |  | (8.7 | )
Income (loss) from continuing operations |  | 10.2 |  |  | (55.3 | ) |  | 229.5 |  |  | (174.2 | ) |  | 10.2 |
Income (loss) from discontinued operations, net of tax |  | (0.6 | ) |  | — |  |  | (0.6 | ) |  | 0.6 |  |  | (0.6 | )
Net income (loss) |  | 9.6 |  |  | (55.3 | ) |  | 228.9 |  |  | (173.6 | ) |  | 9.6 |
Less: Net income attributable to noncontrolling interest |  | — |  |  | — |  |  | 12.2 |  |  | — |  |  | 12.2 |
Net income (loss) attributable to ATI |  | $ | 9.6 |  |  | $ | (55.3 | ) |  | $ | 216.7 |  |  | $ | (173.6 | ) |  | $ | (2.6 | )
Allegheny Technologies Incorporated Financial Information for Subsidiary and Guarantor Parent Statements of Operations For the year ended December 31, 2013
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Sales |  | $ | — |  |  | $ | 1,769.4 |  |  | $ | 2,274.1 |  |  | $ | — |  |  | $ | 4,043.5 |
Cost of sales |  | 75.2 |  |  | 1,748.8 |  |  | 1,966.9 |  |  | — |  |  | 3,790.9 |
Selling and administrative expenses |  | 124.3 |  |  | 34.9 |  |  | 117.2 |  |  | — |  |  | 276.4 |
Restructuring charges |  | 1.1 |  |  | 15.7 |  |  | 50.7 |  |  | — |  |  | 67.5 |
Income (loss) before interest, other income and income taxes |  | (200.6 | ) |  | (30.0 | ) |  | 139.3 |  |  | — |  |  | (91.3 | )
Interest income (expense), net |  | (63.4 | ) |  | (37.2 | ) |  | 35.4 |  |  | — |  |  | (65.2 | )
Other income (expense) including equity in income of unconsolidated subsidiaries |  | 109.2 |  |  | 0.9 |  |  | 0.8 |  |  | (109.2 | ) |  | 1.7 |
Income (loss) from continuing operations, before income taxes |  | (154.8 | ) |  | (66.3 | ) |  | 175.5 |  |  | (109.2 | ) |  | (154.8 | )
Income tax provision (benefit) |  | (63.6 | ) |  | (20.0 | ) |  | 40.4 |  |  | (20.4 | ) |  | (63.6 | )
Income (loss) from continuing operations |  | (91.2 | ) |  | (46.3 | ) |  | 135.1 |  |  | (88.8 | ) |  | (91.2 | )
Income (loss) from discontinued operations, net of tax |  | 252.8 |  |  | — |  |  | 252.8 |  |  | (252.8 | ) |  | 252.8 |
Net income (loss) |  | 161.6 |  |  | (46.3 | ) |  | 387.9 |  |  | (341.6 | ) |  | 161.6 |
Less: Net income attributable to noncontrolling interest |  | — |  |  | — |  |  | 7.6 |  |  | — |  |  | 7.6 |
Net income (loss) attributable to ATI |  | $ | 161.6 |  |  | $ | (46.3 | ) |  | $ | 380.3 |  |  | $ | (341.6 | ) |  | $ | 154.0 |
Schedule of condensed consolidating comprehensive income | Allegheny Technologies Incorporated Financial Information for Subsidiary and Guarantor Parent Statements of Comprehensive Income For the year ended December 31, 2014
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) |  | $ | 9.6 |  |  | $ | (55.3 | ) |  | $ | 228.9 |  |  | $ | (173.6 | ) |  | $ | 9.6 |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |
Currency translation adjustment arising during the period |  | (33.6 | ) |  | — |  |  | (33.6 | ) |  | 33.6 |  |  | (33.6 | )
Net derivative gain on hedge transactions |  | 25.9 |  |  | — |  |  | — |  |  | — |  |  | 25.9 |
Pension and postretirement benefits |  | (212.6 | ) |  | 1.8 |  |  | (28.4 | ) |  | 26.6 |  |  | (212.6 | )
Other comprehensive income (loss), net of tax |  | (220.3 | ) |  | 1.8 |  |  | (62.0 | ) |  | 60.2 |  |  | (220.3 | )
Comprehensive income (loss) |  | (210.7 | ) |  | (53.5 | ) |  | 166.9 |  |  | (113.4 | ) |  | (210.7 | )
Less: Comprehensive income attributable to noncontrolling interest |  | — |  |  | — |  |  | 10.1 |  |  | — |  |  | 10.1 |
Comprehensive income (loss) attributable to ATI |  | $ | (210.7 | ) |  | $ | (53.5 | ) |  | $ | 156.8 |  |  | $ | (113.4 | ) |  | $ | (220.8 | )
Allegheny Technologies Incorporated Financial Information for Subsidiary and Guarantor Parent Statements of Comprehensive Income For the year ended December 31, 2013
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) |  | $ | 161.6 |  |  | $ | (46.3 | ) |  | $ | 387.9 |  |  | $ | (341.6 | ) |  | $ | 161.6 |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |
Currency translation adjustment arising during the period |  | 15.3 |  |  | — |  |  | 15.3 |  |  | (15.3 | ) |  | 15.3 |
Unrealized holding gain (loss) on securities |  | 0.1 |  |  | — |  |  | 0.1 |  |  | (0.1 | ) |  | 0.1 |
Net derivative loss on hedge transactions |  | (6.9 | ) |  | — |  |  | — |  |  | — |  |  | (6.9 | )
Pension and postretirement benefits |  | 311.1 |  |  | 22.0 |  |  | 27.6 |  |  | (49.6 | ) |  | 311.1 |
Other comprehensive income (loss), net of tax |  | 319.6 |  |  | 22.0 |  |  | 43.0 |  |  | (65.0 | ) |  | 319.6 |
Comprehensive income (loss) |  | 481.2 |  |  | (24.3 | ) |  | 430.9 |  |  | (406.6 | ) |  | 481.2 |
Less: Comprehensive income attributable to noncontrolling interest |  | — |  |  | — |  |  | 11.0 |  |  | — |  |  | 11.0 |
Comprehensive income (loss) attributable to ATI |  | $ | 481.2 |  |  | $ | (24.3 | ) |  | $ | 419.9 |  |  | $ | (406.6 | ) |  | $ | 470.2 |
Allegheny Technologies Incorporated Financial Information for Subsidiary and Guarantor Parent Statements of Comprehensive Income For the year ended December 31, 2015
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) |  | $ | (365.9 | ) |  | $ | (288.1 | ) |  | $ | 158.9 |  |  | $ | 129.2 |  |  | $ | (365.9 | )
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |
Currency translation adjustment arising during the period |  | (37.0 | ) |  | — |  |  | (37.0 | ) |  | 37.0 |  |  | (37.0 | )
Net derivative loss on hedge transactions |  | (32.0 | ) |  | — |  |  | — |  |  | — |  |  | (32.0 | )
Pension and postretirement benefits |  | (19.7 | ) |  | 29.8 |  |  | 3.1 |  |  | (32.9 | ) |  | (19.7 | )
Other comprehensive income (loss), net of tax |  | (88.7 | ) |  | 29.8 |  |  | (33.9 | ) |  | 4.1 |  |  | (88.7 | )
Comprehensive income (loss) |  | (454.6 | ) |  | (258.3 | ) |  | 125.0 |  |  | 133.3 |  |  | (454.6 | )
Less: Comprehensive income attributable to noncontrolling interest |  | — |  |  | — |  |  | 6.4 |  |  | — |  |  | 6.4 |
Comprehensive income (loss) attributable to ATI |  | $ | (454.6 | ) |  | $ | (258.3 | ) |  | $ | 118.6 |  |  | $ | 133.3 |  |  | $ | (461.0 | )
Schedule of condensed consolidating statements of cash flow | Condensed Statements of Cash Flows For the year ended December 31, 2015
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows provided by (used in) operating activities |  | $ | (70.0 | ) |  | $ | (134.8 | ) |  | $ | 360.2 |  |  | $ | (24.0 | ) |  | $ | 131.4 |
Investing Activities: |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  | (0.6 | ) |  | (66.9 | ) |  | (77.0 | ) |  | — |  |  | (144.5 | )
Net receipts (payments) on intercompany activity |  | — |  |  | — |  |  | (327.9 | ) |  | 327.9 |  |  | — |
Purchases of businesses, net of cash acquired |  | — |  |  | — |  |  | (0.5 | ) |  | — |  |  | (0.5 | )
Asset disposals and other |  | — |  |  | 0.2 |  |  | (0.3 | ) |  | — |  |  | (0.1 | )
Cash flows provided by (used in) investing activities |  | (0.6 | ) |  | (66.7 | ) |  | (405.7 | ) |  | 327.9 |  |  | (145.1 | )
Financing Activities: |  |  |  |  |  |  |  |  |  |
Payments on long-term debt and capital leases |  | (0.6 | ) |  | (0.1 | ) |  | (22.9 | ) |  | — |  |  | (23.6 | )
Net receipts (payments) on intercompany activity |  | 137.3 |  |  | 190.6 |  |  | — |  |  | (327.9 | ) |  | — |
Dividends paid to stockholders |  | (66.5 | ) |  | — |  |  | (24.0 | ) |  | 24.0 |  |  | (66.5 | )
Dividends paid to noncontrolling interests |  | — |  |  | — |  |  | (16.0 | ) |  | — |  |  | (16.0 | )
Other |  | (1.4 | ) |  | — |  |  | 1.5 |  |  | — |  |  | 0.1 |
Cash flows provided by (used in) financing activities |  | 68.8 |  |  | 190.5 |  |  | (61.4 | ) |  | (303.9 | ) |  | (106.0 | )
Decrease in cash and cash equivalents |  | $ | (1.8 | ) |  | $ | (11.0 | ) |  | $ | (106.9 | ) |  | $ | — |  |  | $ | (119.7 | )
Condensed Statements of Cash Flows For the year ended December 31, 2013
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows provided by (used in) operating activities |  | $ | (41.1 | ) |  | $ | (50.4 | ) |  | $ | 484.2 |  |  | $ | (24.3 | ) |  | $ | 368.4 |
Investing Activities: |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  | (0.2 | ) |  | (564.8 | ) |  | (47.7 | ) |  | — |  |  | (612.7 | )
Net receipts (payments) on intercompany activity |  | — |  |  | — |  |  | (248.8 | ) |  | 248.8 |  |  | — |
Proceeds from sale of business, net of transaction costs |  | (7.9 | ) |  | — |  |  | 608.8 |  |  | — |  |  | 600.9 |
Asset disposals and other |  | — |  |  | 0.2 |  |  | 0.6 |  |  | — |  |  | 0.8 |
Cash flows provided by (used in) investing activities |  | (8.1 | ) |  | (564.6 | ) |  | 312.9 |  |  | 248.8 |  |  | (11.0 | )
Financing Activities: |  |  |  |  |  |  |  |  |  |
Borrowings on long-term debt |  | 500.0 |  |  | — |  |  | — |  |  | — |  |  | 500.0 |
Net receipts (payments) on intercompany activity |  | (366.7 | ) |  | 615.5 |  |  | — |  |  | (248.8 | ) |  | — |
Dividends paid to stockholders |  | (76.9 | ) |  | — |  |  | (24.3 | ) |  | 24.3 |  |  | (76.9 | )
Other |  | (9.1 | ) |  | (0.1 | ) |  | (49.1 | ) |  | — |  |  | (58.3 | )
Cash flows provided by (used in) financing activities |  | 47.3 |  |  | 615.4 |  |  | (73.4 | ) |  | (224.5 | ) |  | 364.8 |
Increase (decrease) in cash and cash equivalents |  | $ | (1.9 | ) |  | $ | 0.4 |  |  | $ | 723.7 |  |  | $ | — |  |  | $ | 722.2 |
Condensed Statements of Cash Flows For the year ended December 31, 2014
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows provided by (used in) operating activities |  | $ | (66.9 | ) |  | $ | (313.8 | ) |  | $ | 436.6 |  |  | $ | — |  |  | $ | 55.9 |
Investing Activities: |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  | (0.1 | ) |  | (170.8 | ) |  | (54.8 | ) |  | — |  |  | (225.7 | )
Net receipts (payments) on intercompany activity |  | — |  |  | — |  |  | (1,027.7 | ) |  | 1,027.7 |  |  | — |
Purchases of businesses, net of cash acquired |  | — |  |  | — |  |  | (92.9 | ) |  | — |  |  | (92.9 | )
Asset disposals and other |  | — |  |  | 1.7 |  |  | 0.7 |  |  | — |  |  | 2.4 |
Cash flows provided by (used in) investing activities |  | (0.1 | ) |  | (169.1 | ) |  | (1,174.7 | ) |  | 1,027.7 |  |  | (316.2 | )
Financing Activities: |  |  |  |  |  |  |  |  |  |
Payments on long-term debt and capital leases |  | (397.9 | ) |  | (0.1 | ) |  | (16.9 | ) |  | — |  |  | (414.9 | )
Net receipts (payments) on intercompany acivity |  | 544.4 |  |  | 483.3 |  |  | — |  |  | (1,027.7 | ) |  | — |
Dividends paid to stockholders |  | (77.1 | ) |  | — |  |  | — |  |  | — |  |  | (77.1 | )
Other |  | (3.8 | ) |  | — |  |  | (1.2 | ) |  | — |  |  | (5.0 | )
Cash flows provided by (used in) financing activities |  | 65.6 |  |  | 483.2 |  |  | (18.1 | ) |  | (1,027.7 | ) |  | (497.0 | )
Increase (decrease) in cash and cash equivalents |  | $ | (1.4 | ) |  | $ | 0.3 |  |  | $ | (756.2 | ) |  | $ | — |  |  | $ | (757.3 | )

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