XML 17 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities:    
Net income (loss) $ 21.1 $ (98.1)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 40.3 44.1
Deferred taxes 1.2 (38.7)
Changes in operating assets and liabilities:    
Inventories (14.9) 105.3
Accounts receivable (52.5) (42.2)
Accounts payable 47.2 (43.2)
Retirement benefits (a) [1] (128.1) 7.4
Accrued income taxes (0.3) 4.3
Accrued liabilities and other (24.2) (0.4)
Cash used in operating activities (110.2) (61.5)
Investing Activities:    
Purchases of property, plant and equipment (24.8) (69.5)
Asset disposals and other 2.6 0.8
Cash used in investing activities (22.2) (68.7)
Financing Activities:    
Payments on long-term debt and capital leases (0.3) (0.2)
Net borrowings under credit facilities 67.7 152.2
Dividends paid to stockholders 0.0 (8.6)
Acquisition of noncontrolling interests 0.0 (6.1)
Shares repurchased for income tax withholding on share-based compensation (4.8) 0.0
Cash provided by financing activities 62.6 137.3
Increase (decrease) in cash and cash equivalents    
Increase (decrease) in cash and cash equivalents (69.8) 7.1
Cash and cash equivalents at beginning of period 229.6 149.8
Cash and cash equivalents at end of period $ 159.8 $ 156.9
[1] Includes a $(135) million contribution to the U.S. defined benefit pension plan in 2017.