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Financial Information for Subsidiary and Guarantor Parent (Tables) | 12 Months Ended
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Dec. 31, 2016
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, 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 (deficit) |  | 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 |
Allegheny Technologies Incorporated Financial Information for Subsidiary and Guarantor Parent Balance Sheets December 31, 2016
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 2.3 |  |  | $ | 2.5 |  |  | $ | 224.8 |  |  | $ | — |  |  | $ | 229.6 |
Accounts receivable, net |  | 0.1 |  |  | 107.8 |  |  | 344.2 |  |  | — |  |  | 452.1 |
Intercompany notes receivable |  | — |  |  | — |  |  | 2,892.9 |  |  | (2,892.9 | ) |  | — |
Inventories, net |  | — |  |  | 106.7 |  |  | 930.3 |  |  | — |  |  | 1,037.0 |
Prepaid expenses and other current assets |  | 6.6 |  |  | 5.2 |  |  | 36.0 |  |  | — |  |  | 47.8 |
Total current assets |  | 9.0 |  |  | 222.2 |  |  | 4,428.2 |  |  | (2,892.9 | ) |  | 1,766.5 |
Property, plant and equipment, net |  | 1.3 |  |  | 1,583.6 |  |  | 914.0 |  |  | — |  |  | 2,498.9 |
Goodwill |  | — |  |  | — |  |  | 641.9 |  |  | — |  |  | 641.9 |
Intercompany notes receivable |  | — |  |  | — |  |  | 200.0 |  |  | (200.0 | ) |  | — |
Investments in subsidiaries |  | 5,241.2 |  |  | 37.7 |  |  | — |  |  | (5,278.9 | ) |  | — |
Other assets |  | 23.0 |  |  | 25.5 |  |  | 214.2 |  |  | — |  |  | 262.7 |
Total assets |  | $ | 5,274.5 |  |  | $ | 1,869.0 |  |  | $ | 6,398.3 |  |  | $ | (8,371.8 | ) |  | $ | 5,170.0 |
Liabilities and stockholders’ equity: |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 3.1 |  |  | $ | 97.4 |  |  | $ | 193.8 |  |  | $ | — |  |  | $ | 294.3 |
Accrued liabilities |  | 54.6 |  |  | 83.3 |  |  | 171.4 |  |  | — |  |  | 309.3 |
Intercompany notes payable |  | 1,341.1 |  |  | 1,551.8 |  |  | — |  |  | (2,892.9 | ) |  | — |
Short-term debt and current portion of long-term debt |  | 0.4 |  |  | 0.3 |  |  | 104.4 |  |  | — |  |  | 105.1 |
Total current liabilities |  | 1,399.2 |  |  | 1,732.8 |  |  | 469.6 |  |  | (2,892.9 | ) |  | 708.7 |
Long-term debt |  | 1,621.7 |  |  | 150.0 |  |  | 0.2 |  |  | — |  |  | 1,771.9 |
Intercompany notes payable |  | — |  |  | 200.0 |  |  | — |  |  | (200.0 | ) |  | — |
Accrued postretirement benefits |  | — |  |  | 244.0 |  |  | 73.7 |  |  | — |  |  | 317.7 |
Pension liabilities |  | 778.5 |  |  | 5.2 |  |  | 44.2 |  |  | — |  |  | 827.9 |
Deferred income taxes |  | 15.6 |  |  | — |  |  | — |  |  | — |  |  | 15.6 |
Other long-term liabilities |  | 14.7 |  |  | 18.1 |  |  | 50.6 |  |  | — |  |  | 83.4 |
Total liabilities |  | 3,829.7 |  |  | 2,350.1 |  |  | 638.3 |  |  | (3,092.9 | ) |  | 3,725.2 |
Total stockholders’ equity (deficit) |  | 1,444.8 |  |  | (481.1 | ) |  | 5,760.0 |  |  | (5,278.9 | ) |  | 1,444.8 |
Total liabilities and stockholders’ equity |  | $ | 5,274.5 |  |  | $ | 1,869.0 |  |  | $ | 6,398.3 |  |  | $ | (8,371.8 | ) |  | $ | 5,170.0 |
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, 2016
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Sales |  | $ | — |  |  | $ | 983.6 |  |  | $ | 2,151.0 |  |  | $ | — |  |  | $ | 3,134.6 |
Cost of sales |  | 53.4 |  |  | 1,102.0 |  |  | 1,816.7 |  |  | — |  |  | 2,972.1 |
Gross profit (loss) |  | (53.4 | ) |  | (118.4 | ) |  | 334.3 |  |  | — |  |  | 162.5 |
Selling and administrative expenses |  | 89.9 |  |  | 32.3 |  |  | 125.5 |  |  | — |  |  | 247.7 |
Restructuring charges |  | — |  |  | 25.1 |  |  | 502.1 |  |  | — |  |  | 527.2 |
Operating loss |  | (143.3 | ) |  | (175.8 | ) |  | (293.3 | ) |  | — |  |  | (612.4 | )
Interest income (expense), net |  | (138.3 | ) |  | (70.7 | ) |  | 85.0 |  |  | — |  |  | (124.0 | )
Other income (expense) including equity in income of unconsolidated subsidiaries |  | (452.4 | ) |  | 1.0 |  |  | 1.4 |  |  | 452.4 |  |  | 2.4 |
Income (loss) from continuing operations before income taxes |  | (734.0 | ) |  | (245.5 | ) |  | (206.9 | ) |  | 452.4 |  |  | (734.0 | )
Income tax provision (benefit) |  | (106.9 | ) |  | (85.5 | ) |  | (66.7 | ) |  | 152.2 |  |  | (106.9 | )
Net income (loss) |  | (627.1 | ) |  | (160.0 | ) |  | (140.2 | ) |  | 300.2 |  |  | (627.1 | )
Less: Net income attributable to noncontrolling interest |  | — |  |  | — |  |  | 13.8 |  |  | — |  |  | 13.8 |
Net income (loss) attributable to ATI |  | $ | (627.1 | ) |  | $ | (160.0 | ) |  | $ | (154.0 | ) |  | $ | 300.2 |  |  | $ | (640.9 | )
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 |
Gross profit (loss) |  | (45.3 | ) |  | 3.2 |  |  | 420.7 |  |  | — |  |  | 378.6 |
Selling and administrative expenses |  | 103.9 |  |  | 44.0 |  |  | 124.6 |  |  | — |  |  | 272.5 |
Operating income (loss) |  | (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, 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 |
Gross profit (loss) |  | (27.3 | ) |  | (190.0 | ) |  | 277.6 |  |  | — |  |  | 60.3 |
Selling and administrative expenses |  | 88.2 |  |  | 29.4 |  |  | 121.2 |  |  | — |  |  | 238.8 |
Restructuring charges |  | 1.6 |  |  | 58.0 |  |  | 4.7 |  |  | — |  |  | 64.3 |
Impairment of goodwill |  | — |  |  | 126.6 |  |  | — |  |  | — |  |  | 126.6 |
Operating income (loss) |  | (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 | )
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 | )
Schedule of condensed consolidating comprehensive income | Allegheny Technologies Incorporated Financial Information for Subsidiary and Guarantor Parent Statements of Comprehensive Income (Loss) 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 (Loss) For the year ended December 31, 2016
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) |  | $ | (627.1 | ) |  | $ | (160.0 | ) |  | $ | (140.2 | ) |  | $ | 300.2 |  |  | $ | (627.1 | )
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |
Currency translation adjustment arising during the period |  | (47.1 | ) |  | — |  |  | (47.1 | ) |  | 47.1 |  |  | (47.1 | )
Net derivative gain on hedge transactions |  | 19.6 |  |  | — |  |  | — |  |  | — |  |  | 19.6 |
Pension and postretirement benefits |  | (61.4 | ) |  | 17.2 |  |  | 1.8 |  |  | (19.0 | ) |  | (61.4 | )
Other comprehensive income (loss), net of tax |  | (88.9 | ) |  | 17.2 |  |  | (45.3 | ) |  | 28.1 |  |  | (88.9 | )
Comprehensive income (loss) |  | (716.0 | ) |  | (142.8 | ) |  | (185.5 | ) |  | 328.3 |  |  | (716.0 | )
Less: Comprehensive income attributable to noncontrolling interest |  | — |  |  | — |  |  | 4.1 |  |  | — |  |  | 4.1 |
Comprehensive income (loss) attributable to ATI |  | $ | (716.0 | ) |  | $ | (142.8 | ) |  | $ | (189.6 | ) |  | $ | 328.3 |  |  | $ | (720.1 | )
Allegheny Technologies Incorporated Financial Information for Subsidiary and Guarantor Parent Statements of Comprehensive Income (Loss) 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 acivity |  | 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, 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-terms debt and capital leases |  | (397.9 | ) |  | (0.1 | ) |  | (16.9 | ) |  | — |  |  | (414.9 | )
Net receipts (payments) on intercompany activity |  | 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 | )
Condensed Statements of Cash Flows For the year ended December 31, 2016
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows provided by (used in) operating activities |  | $ | (78.5 | ) |  | $ | (232.3 | ) |  | $ | 291.1 |  |  | $ | (24.0 | ) |  | $ | (43.7 | )
Investing Activities: |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  | (0.5 | ) |  | (98.7 | ) |  | (103.0 | ) |  | — |  |  | (202.2 | )
Net receipts (payments) on intercompany activity |  | — |  |  | — |  |  | (160.0 | ) |  | 160.0 |  |  | — |
Asset disposals and other |  | — |  |  | 0.2 |  |  | 2.0 |  |  | — |  |  | 2.2 |
Cash flows provided by (used in) investing activities |  | (0.5 | ) |  | (98.5 | ) |  | (261.0 | ) |  | 160.0 |  |  | (200.0 | )
Financing Activities: |  |  |  |  |  |  |  |  |  |
Borrowings on long-term debt |  | 287.5 |  |  | — |  |  | 100.0 |  |  | — |  |  | 387.5 |
Payments on long-term debt and capital leases |  | (0.7 | ) |  | (0.2 | ) |  | (1.8 | ) |  | — |  |  | (2.7 | )
Net borrowings under credit facilities |  | — |  |  | — |  |  | 3.1 |  |  | — |  |  | 3.1 |
Debt issuance costs |  | (9.4 | ) |  | — |  |  | (1.0 | ) |  | — |  |  | (10.4 | )
Net receipts (payments) on intercompany activity |  | (170.7 | ) |  | 330.7 |  |  | — |  |  | (160.0 | ) |  | — |
Dividends paid to stockholders |  | (25.8 | ) |  | — |  |  | (24.0 | ) |  | 24.0 |  |  | (25.8 | )
Dividends paid to noncontrolling interests |  | — |  |  | — |  |  | (16.0 | ) |  | — |  |  | (16.0 | )
Acquisition of noncontrolling interests |  | — |  |  | — |  |  | (12.2 | ) |  | — |  |  | (12.2 | )
Cash flows provided by (used in) financing activities |  | 80.9 |  |  | 330.5 |  |  | 48.1 |  |  | (136.0 | ) |  | 323.5 |
Increase (decrease) in cash and cash equivalents |  | $ | 1.9 |  |  | $ | (0.3 | ) |  | $ | 78.2 |  |  | $ | — |  |  | $ | 79.8 |

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