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Financial Information for Subsidiary and Guarantor Parent (Tables) | 12 Months Ended
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Dec. 31, 2019
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, 2019
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 0.3 |  |  | $ | 4.2 |  |  | $ | 486.3 |  |  | $ | — |  |  | $ | 490.8 |
Accounts receivable, net |  | — |  |  | 123.7 |  |  | 430.4 |  |  | — |  |  | 554.1 |
Intercompany notes receivable |  | — |  |  | — |  |  | 4,402.8 |  |  | (4,402.8 | ) |  | — |
Short-term contract assets |  | — |  |  | — |  |  | 38.5 |  |  | — |  |  | 38.5 |
Inventories, net |  | — |  |  | 213.0 |  |  | 942.3 |  |  | — |  |  | 1,155.3 |
Prepaid expenses and other current assets |  | 5.6 |  |  | 18.5 |  |  | 40.2 |  |  | — |  |  | 64.3 |
Total current assets |  | 5.9 |  |  | 359.4 |  |  | 6,340.5 |  |  | (4,402.8 | ) |  | 2,303.0 |
Property, plant and equipment, net |  | 6.5 |  |  | 1,539.3 |  |  | 904.3 |  |  | — |  |  | 2,450.1 |
Goodwill |  | — |  |  | — |  |  | 525.8 |  |  | — |  |  | 525.8 |
Intercompany notes receivable |  | — |  |  | — |  |  | 200.0 |  |  | (200.0 | ) |  | — |
Investments in subsidiaries |  | 6,434.3 |  |  | 37.7 |  |  | — |  |  | (6,472.0 | ) |  | — |
Other assets |  | 98.3 |  |  | 83.1 |  |  | 174.3 |  |  | — |  |  | 355.7 |
Total assets |  | $ | 6,545.0 |  |  | $ | 2,019.5 |  |  | $ | 8,144.9 |  |  | $ | (11,074.8 | ) |  | $ | 5,634.6 |
Liabilities and stockholders’ equity: |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 4.6 |  |  | $ | 184.0 |  |  | $ | 332.6 |  |  | $ | — |  |  | $ | 521.2 |
Intercompany notes payable |  | 2,457.1 |  |  | 1,945.7 |  |  | — |  |  | (4,402.8 | ) |  | — |
Short-term contract liabilities |  | — |  |  | 26.4 |  |  | 52.3 |  |  | — |  |  | 78.7 |
Short-term debt and current portion of long-term debt |  | 1.4 |  |  | 0.2 |  |  | 9.9 |  |  | — |  |  | 11.5 |
Other current liabilities |  | 51.5 |  |  | 68.1 |  |  | 118.2 |  |  | — |  |  | 237.8 |
Total current liabilities |  | 2,514.6 |  |  | 2,224.4 |  |  | 513.0 |  |  | (4,402.8 | ) |  | 849.2 |
Long-term debt |  | 1,130.1 |  |  | 150.4 |  |  | 106.9 |  |  | — |  |  | 1,387.4 |
Intercompany notes payable |  | — |  |  | 200.0 |  |  | — |  |  | (200.0 | ) |  | — |
Accrued postretirement benefits |  | — |  |  | 261.2 |  |  | 51.3 |  |  | — |  |  | 312.5 |
Pension liabilities |  | 678.8 |  |  | 3.8 |  |  | 48.9 |  |  | — |  |  | 731.5 |
Other long-term liabilities |  | 28.3 |  |  | 44.1 |  |  | 88.4 |  |  | — |  |  | 160.8 |
Total liabilities |  | 4,351.8 |  |  | 2,883.9 |  |  | 808.5 |  |  | (4,602.8 | ) |  | 3,441.4 |
Total stockholders’ equity (deficit) |  | 2,193.2 |  |  | (864.4 | ) |  | 7,336.4 |  |  | (6,472.0 | ) |  | 2,193.2 |
Total liabilities and stockholders’ equity |  | $ | 6,545.0 |  |  | $ | 2,019.5 |  |  | $ | 8,144.9 |  |  | $ | (11,074.8 | ) |  | $ | 5,634.6 |
Allegheny Technologies Incorporated Financial Information for Subsidiary and Guarantor Parent Balance Sheets December 31, 2018
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 0.1 |  |  | $ | 10.8 |  |  | $ | 371.1 |  |  | $ | — |  |  | $ | 382.0 |
Accounts receivable, net |  | — |  |  | 126.3 |  |  | 401.5 |  |  | — |  |  | 527.8 |
Intercompany notes receivable |  | — |  |  | — |  |  | 3,968.8 |  |  | (3,968.8 | ) |  | — |
Short-term contract assets |  | — |  |  | — |  |  | 51.2 |  |  | — |  |  | 51.2 |
Inventories, net |  | — |  |  | 216.1 |  |  | 995.0 |  |  | — |  |  | 1,211.1 |
Prepaid expenses and other current assets |  | 12.9 |  |  | 29.3 |  |  | 32.4 |  |  | — |  |  | 74.6 |
Total current assets |  | 13.0 |  |  | 382.5 |  |  | 5,820.0 |  |  | (3,968.8 | ) |  | 2,246.7 |
Property, plant and equipment, net |  | 1.7 |  |  | 1,548.4 |  |  | 924.9 |  |  | — |  |  | 2,475.0 |
Goodwill |  | — |  |  | — |  |  | 534.7 |  |  | — |  |  | 534.7 |
Intercompany notes receivable |  | — |  |  | — |  |  | 200.0 |  |  | (200.0 | ) |  | — |
Investments in subsidiaries |  | 6,096.4 |  |  | 37.7 |  |  | — |  |  | (6,134.1 | ) |  | — |
Other assets |  | 35.6 |  |  | 30.7 |  |  | 179.1 |  |  | — |  |  | 245.4 |
Total assets |  | $ | 6,146.7 |  |  | $ | 1,999.3 |  |  | $ | 7,658.7 |  |  | $ | (10,302.9 | ) |  | $ | 5,501.8 |
Liabilities and stockholders’ equity: |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 3.3 |  |  | $ | 177.5 |  |  | $ | 318.0 |  |  | $ | — |  |  | $ | 498.8 |
Intercompany notes payable |  | 2,102.8 |  |  | 1,866.0 |  |  | — |  |  | (3,968.8 | ) |  | — |
Short-term contract liabilities |  | — |  |  | 33.0 |  |  | 38.4 |  |  | — |  |  | 71.4 |
Short-term debt and current portion of long-term debt |  | 0.2 |  |  | 0.7 |  |  | 5.7 |  |  | — |  |  | 6.6 |
Other current liabilities |  | 59.1 |  |  | 71.7 |  |  | 129.3 |  |  | — |  |  | 260.1 |
Total current liabilities |  | 2,165.4 |  |  | 2,148.9 |  |  | 491.4 |  |  | (3,968.8 | ) |  | 836.9 |
Long-term debt |  | 1,278.8 |  |  | 151.8 |  |  | 104.9 |  |  | — |  |  | 1,535.5 |
Intercompany notes payable |  | — |  |  | 200.0 |  |  | — |  |  | (200.0 | ) |  | — |
Accrued postretirement benefits |  | — |  |  | 259.2 |  |  | 59.2 |  |  | — |  |  | 318.4 |
Pension liabilities |  | 681.6 |  |  | 4.0 |  |  | 44.4 |  |  | — |  |  | 730.0 |
Other long-term liabilities |  | 29.3 |  |  | 17.6 |  |  | 42.5 |  |  | — |  |  | 89.4 |
Total liabilities |  | 4,155.1 |  |  | 2,781.5 |  |  | 742.4 |  |  | (4,168.8 | ) |  | 3,510.2 |
Total stockholders’ equity (deficit) |  | 1,991.6 |  |  | (782.2 | ) |  | 6,916.3 |  |  | (6,134.1 | ) |  | 1,991.6 |
Total liabilities and stockholders’ equity |  | $ | 6,146.7 |  |  | $ | 1,999.3 |  |  | $ | 7,658.7 |  |  | $ | (10,302.9 | ) |  | $ | 5,501.8 |
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, 2018
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Sales |  | $ | — |  |  | $ | 1,410.3 |  |  | $ | 2,636.3 |  |  | $ | — |  |  | $ | 4,046.6 |
Cost of sales |  | 16.6 |  |  | 1,302.4 |  |  | 2,097.3 |  |  | — |  |  | 3,416.3 |
Gross profit (loss) |  | (16.6 | ) |  | 107.9 |  |  | 539.0 |  |  | — |  |  | 630.3 |
Selling and administrative expenses |  | 101.7 |  |  | 34.2 |  |  | 132.3 |  |  | — |  |  | 268.2 |
Operating income (loss) |  | (118.3 | ) |  | 73.7 |  |  | 406.7 |  |  | — |  |  | 362.1 |
Nonoperating retirement benefit expense |  | (12.7 | ) |  | (19.5 | ) |  | (1.7 | ) |  | — |  |  | (33.9 | )
Interest income (expense), net |  | (138.8 | ) |  | (114.6 | ) |  | 152.4 |  |  | — |  |  | (101.0 | )
Other income (expense) including equity in income of unconsolidated subsidiaries |  | 517.5 |  |  | 16.8 |  |  | 0.8 |  |  | (514.6 | ) |  | 20.5 |
Income (loss) before income taxes |  | 247.7 |  |  | (43.6 | ) |  | 558.2 |  |  | (514.6 | ) |  | 247.7 |
Income tax provision (benefit) |  | 11.0 |  |  | (8.7 | ) |  | 83.9 |  |  | (75.2 | ) |  | 11.0 |
Net income (loss) |  | 236.7 |  |  | (34.9 | ) |  | 474.3 |  |  | (439.4 | ) |  | 236.7 |
Less: Net income attributable to noncontrolling interest |  | — |  |  | — |  |  | 14.3 |  |  | — |  |  | 14.3 |
Net income (loss) attributable to ATI |  | $ | 236.7 |  |  | $ | (34.9 | ) |  | $ | 460.0 |  |  | $ | (439.4 | ) |  | $ | 222.4 |
Allegheny Technologies Incorporated Financial Information for Subsidiary and Guarantor Parent Statements of Operations For the year ended December 31, 2019
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Sales |  | $ | — |  |  | $ | 1,429.0 |  |  | $ | 2,693.5 |  |  | $ | — |  |  | $ | 4,122.5 |
Cost of sales |  | 13.5 |  |  | 1,302.8 |  |  | 2,168.4 |  |  | — |  |  | 3,484.7 |
Gross profit (loss) |  | (13.5 | ) |  | 126.2 |  |  | 525.1 |  |  | — |  |  | 637.8 |
Selling and administrative expenses |  | 116.5 |  |  | 33.2 |  |  | 117.5 |  |  | — |  |  | 267.2 |
Restructuring charges |  | 4.5 |  |  | — |  |  | — |  |  | — |  |  | 4.5 |
Operating income (loss) |  | (134.5 | ) |  | 93.0 |  |  | 407.6 |  |  | — |  |  | 366.1 |
Nonoperating retirement benefit expense |  | (47.5 | ) |  | (24.7 | ) |  | (1.4 | ) |  | — |  |  | (73.6 | )
Interest income (expense), net |  | (148.2 | ) |  | (131.6 | ) |  | 180.8 |  |  | — |  |  | (99.0 | )
Debt extinguishment charge |  | (21.6 | ) |  | — |  |  | — |  |  | — |  |  | (21.6 | )
Other income (expense) including equity in income of unconsolidated subsidiaries |  | 593.4 |  |  | (22.0 | ) |  | 90.2 |  |  | (591.9 | ) |  | 69.7 |
Income (loss) before income taxes |  | 241.6 |  |  | (85.3 | ) |  | 677.2 |  |  | (591.9 | ) |  | 241.6 |
Income tax provision (benefit) |  | (28.5 | ) |  | (18.3 | ) |  | 115.6 |  |  | (97.3 | ) |  | (28.5 | )
Net income (loss) |  | 270.1 |  |  | (67.0 | ) |  | 561.6 |  |  | (494.6 | ) |  | 270.1 |
Less: Net income attributable to noncontrolling interest |  | — |  |  | — |  |  | 12.5 |  |  | — |  |  | 12.5 |
Net income (loss) attributable to ATI |  | $ | 270.1 |  |  | $ | (67.0 | ) |  | $ | 549.1 |  |  | $ | (494.6 | ) |  | $ | 257.6 |
Allegheny Technologies Incorporated Financial Information for Subsidiary and Guarantor Parent Statements of Operations For the year ended December 31, 2017
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Sales |  | $ | — |  |  | $ | 1,178.9 |  |  | $ | 2,346.2 |  |  | $ | — |  |  | $ | 3,525.1 |
Cost of sales |  | 14.6 |  |  | 1,085.5 |  |  | 1,928.0 |  |  | — |  |  | 3,028.1 |
Gross profit (loss) |  | (14.6 | ) |  | 93.4 |  |  | 418.2 |  |  | — |  |  | 497.0 |
Selling and administrative expenses |  | 86.6 |  |  | 36.9 |  |  | 124.5 |  |  | — |  |  | 248.0 |
Impairment of goodwill |  | — |  |  | — |  |  | 114.4 |  |  | — |  |  | 114.4 |
Operating income (loss) |  | (101.2 | ) |  | 56.5 |  |  | 179.3 |  |  | — |  |  | 134.6 |
Nonoperating retirement benefit expense |  | (32.2 | ) |  | (18.7 | ) |  | (3.4 | ) |  | — |  |  | (54.3 | )
Interest income (expense), net |  | (155.8 | ) |  | (90.0 | ) |  | 112.0 |  |  | — |  |  | (133.8 | )
Debt extinguishment charge |  | (37.0 | ) |  | — |  |  | — |  |  | — |  |  | (37.0 | )
Other income (expense) including equity in income of unconsolidated subsidiaries |  | 239.7 |  |  | 1.6 |  |  | 2.4 |  |  | (239.7 | ) |  | 4.0 |
Income (loss) before income taxes |  | (86.5 | ) |  | (50.6 | ) |  | 290.3 |  |  | (239.7 | ) |  | (86.5 | )
Income tax provision (benefit) |  | (6.8 | ) |  | (16.6 | ) |  | 131.4 |  |  | (114.8 | ) |  | (6.8 | )
Net income (loss) |  | (79.7 | ) |  | (34.0 | ) |  | 158.9 |  |  | (124.9 | ) |  | (79.7 | )
Less: Net income attributable to noncontrolling interest |  | — |  |  | — |  |  | 12.2 |  |  | — |  |  | 12.2 |
Net income (loss) attributable to ATI |  | $ | (79.7 | ) |  | $ | (34.0 | ) |  | $ | 146.7 |  |  | $ | (124.9 | ) |  | $ | (91.9 | )
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, 2017
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) |  | $ | (79.7 | ) |  | $ | (34.0 | ) |  | $ | 158.9 |  |  | $ | (124.9 | ) |  | $ | (79.7 | )
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |
Currency translation adjustment arising during the period |  | 39.1 |  |  | — |  |  | 39.1 |  |  | (39.1 | ) |  | 39.1 |
Net derivative gain on hedge transactions |  | 7.1 |  |  | — |  |  | — |  |  | — |  |  | 7.1 |
Pension and postretirement benefits |  | 27.3 |  |  | (5.8 | ) |  | (10.7 | ) |  | 16.5 |  |  | 27.3 |
Other comprehensive income (loss), net of tax |  | 73.5 |  |  | (5.8 | ) |  | 28.4 |  |  | (22.6 | ) |  | 73.5 |
Comprehensive income (loss) |  | (6.2 | ) |  | (39.8 | ) |  | 187.3 |  |  | (147.5 | ) |  | (6.2 | )
Less: Comprehensive income attributable to noncontrolling interest |  | — |  |  | — |  |  | 19.8 |  |  | — |  |  | 19.8 |
Comprehensive income (loss) attributable to ATI |  | $ | (6.2 | ) |  | $ | (39.8 | ) |  | $ | 167.5 |  |  | $ | (147.5 | ) |  | $ | (26.0 | )
Allegheny Technologies Incorporated Financial Information for Subsidiary and Guarantor Parent Statements of Comprehensive Income (Loss) For the year ended December 31, 2019
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) |  | $ | 270.1 |  |  | $ | (67.0 | ) |  | $ | 561.6 |  |  | $ | (494.6 | ) |  | $ | 270.1 |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |
Currency translation adjustment arising during the period |  | (4.0 | ) |  | — |  |  | (4.0 | ) |  | 4.0 |  |  | (4.0 | )
Net derivative gain on hedge transactions |  | 10.3 |  |  | — |  |  | — |  |  | — |  |  | 10.3 |
Pension and postretirement benefits |  | (75.5 | ) |  | 3.8 |  |  | (15.2 | ) |  | 11.4 |  |  | (75.5 | )
Other comprehensive income (loss), net of tax |  | (69.2 | ) |  | 3.8 |  |  | (19.2 | ) |  | 15.4 |  |  | (69.2 | )
Comprehensive income (loss) |  | 200.9 |  |  | (63.2 | ) |  | 542.4 |  |  | (479.2 | ) |  | 200.9 |
Less: Comprehensive income attributable to noncontrolling interest |  | — |  |  | — |  |  | 11.2 |  |  | — |  |  | 11.2 |
Comprehensive income (loss) attributable to ATI |  | $ | 200.9 |  |  | $ | (63.2 | ) |  | $ | 531.2 |  |  | $ | (479.2 | ) |  | $ | 189.7 |
Allegheny Technologies Incorporated Financial Information for Subsidiary and Guarantor Parent Statements of Comprehensive Income (Loss) For the year ended December 31, 2018
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) |  | $ | 236.7 |  |  | $ | (34.9 | ) |  | $ | 474.3 |  |  | $ | (439.4 | ) |  | $ | 236.7 |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |
Currency translation adjustment arising during the period |  | (26.6 | ) |  | — |  |  | (26.6 | ) |  | 26.6 |  |  | (26.6 | )
Net derivative loss on hedge transactions |  | (18.1 | ) |  | — |  |  | — |  |  | — |  |  | (18.1 | )
Pension and postretirement benefits |  | (67.5 | ) |  | (19.1 | ) |  | 0.7 |  |  | 18.4 |  |  | (67.5 | )
Other comprehensive income (loss), net of tax |  | (112.2 | ) |  | (19.1 | ) |  | (25.9 | ) |  | 45.0 |  |  | (112.2 | )
Comprehensive income (loss) |  | 124.5 |  |  | (54.0 | ) |  | 448.4 |  |  | (394.4 | ) |  | 124.5 |
Less: Comprehensive income attributable to noncontrolling interest |  | — |  |  | — |  |  | 8.1 |  |  | — |  |  | 8.1 |
Comprehensive income (loss) attributable to ATI |  | $ | 124.5 |  |  | $ | (54.0 | ) |  | $ | 440.3 |  |  | $ | (394.4 | ) |  | $ | 116.4 |
Schedule of condensed consolidating statements of cash flow | Condensed Statements of Cash Flows For the year ended December 31, 2018
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows provided by (used in) operating activities |  | $ | (107.0 | ) |  | $ | (223.9 | ) |  | $ | 738.7 |  |  | $ | (15.0 | ) |  | $ | 392.8 |
Investing Activities: |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  | (2.1 | ) |  | (26.2 | ) |  | (110.9 | ) |  | — |  |  | (139.2 | )
Net receipts (payments) on intercompany activity |  | — |  |  | — |  |  | (346.5 | ) |  | 346.5 |  |  | — |
Proceeds from disposal of property, plant and equipment |  | — |  |  | 2.6 |  |  | 0.2 |  |  | — |  |  | 2.8 |
Purchases of businesses |  | — |  |  | — |  |  | (10.0 | ) |  | — |  |  | (10.0 | )
Other |  | 1.3 |  |  | — |  |  | — |  |  | — |  |  | 1.3 |
Cash flows provided by (used in) investing activities |  | (0.8 | ) |  | (23.6 | ) |  | (467.2 | ) |  | 346.5 |  |  | (145.1 | )
Financing Activities: |  |  |  |  |  |  |  |  |  |
Borrowings on long-term debt |  | — |  |  | — |  |  | 7.1 |  |  | — |  |  | 7.1 |
Payments on long-term debt and finance leases |  | (0.2 | ) |  | (0.9 | ) |  | (5.3 | ) |  | — |  |  | (6.4 | )
Net payments under credit facilities |  | — |  |  | — |  |  | (5.9 | ) |  | — |  |  | (5.9 | )
Net receipts (payments) on intercompany activity |  | 112.5 |  |  | 234.0 |  |  | — |  |  | (346.5 | ) |  | — |
Dividends paid to stockholders |  | — |  |  | — |  |  | (15.0 | ) |  | 15.0 |  |  | — |
Dividends paid to noncontrolling interests |  | — |  |  | — |  |  | (10.0 | ) |  | — |  |  | (10.0 | )
Sale of noncontrolling interests |  | — |  |  | 11.7 |  |  | 2.7 |  |  | — |  |  | 14.4 |
Shares repurchased for income tax withholding on share-based compensation and other |  | (6.5 | ) |  | — |  |  | — |  |  | — |  |  | (6.5 | )
Cash flows provided by (used in) financing activities |  | 105.8 |  |  | 244.8 |  |  | (26.4 | ) |  | (331.5 | ) |  | (7.3 | )
Increase (decrease) in cash and cash equivalents |  | $ | (2.0 | ) |  | $ | (2.7 | ) |  | $ | 245.1 |  |  | $ | — |  |  | $ | 240.4 |
Condensed Statements of Cash Flows For the year ended December 31, 2019
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows provided by (used in) operating activities |  | $ | 16.1 |  |  | $ | (109.1 | ) |  | $ | 344.1 |  |  | $ | (21.0 | ) |  | $ | 230.1 |
Investing Activities: |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  | (0.7 | ) |  | (33.4 | ) |  | (134.1 | ) |  | — |  |  | (168.2 | )
Net receipts (payments) on intercompany activity |  | — |  |  | — |  |  | (308.0 | ) |  | 308.0 |  |  | — |
Proceeds from disposals of property, plant and equipment |  | — |  |  | 0.1 |  |  | 91.9 |  |  | — |  |  | 92.0 |
Proceeds from sales of businesses, net of transaction costs |  | — |  |  | — |  |  | 158.1 |  |  | — |  |  | 158.1 |
Other |  | (0.2 | ) |  | — |  |  | — |  |  | — |  |  | (0.2 | )
Cash flows provided by (used in) investing activities |  | (0.9 | ) |  | (33.3 | ) |  | (192.1 | ) |  | 308.0 |  |  | 81.7 |
Financing Activities: |  |  |  |  |  |  |  |  |  |
Borrowings on long-term debt |  | 350.0 |  |  | — |  |  | — |  |  | — |  |  | 350.0 |
Payments on long-term debt and finance leases |  | (500.7 | ) |  | (0.2 | ) |  | (6.7 | ) |  | — |  |  | (507.6 | )
Net borrowings under credit facilities |  | — |  |  | — |  |  | 4.9 |  |  | — |  |  | 4.9 |
Debt issuance costs |  | (5.5 | ) |  | — |  |  | — |  |  | — |  |  | (5.5 | )
Debt extinguishment charge |  | (20.9 | ) |  | — |  |  | — |  |  | — |  |  | (20.9 | )
Net receipts (payments) on intercompany activity |  | 172.0 |  |  | 136.0 |  |  | — |  |  | (308.0 | ) |  | — |
Dividends paid to stockholders |  | — |  |  | — |  |  | (21.0 | ) |  | 21.0 |  |  | — |
Dividends paid to noncontrolling interests |  | — |  |  | — |  |  | (14.0 | ) |  | — |  |  | (14.0 | )
Shares repurchased for income tax withholding on share-based compensation and other |  | (9.9 | ) |  | — |  |  | — |  |  | — |  |  | (9.9 | )
Cash flows provided by (used in) financing activities |  | (15.0 | ) |  | 135.8 |  |  | (36.8 | ) |  | (287.0 | ) |  | (203.0 | )
Increase (decrease) in cash and cash equivalents |  | $ | 0.2 |  |  | $ | (6.6 | ) |  | $ | 115.2 |  |  | $ | — |  |  | $ | 108.8 |
Condensed Statements of Cash Flows For the year ended December 31, 2017
(In millions) |  | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows provided by (used in) operating activities |  | $ | (78.8 | ) |  | $ | (101.5 | ) |  | $ | 214.7 |  |  | $ | (12.0 | ) |  | $ | 22.4 |
Investing Activities: |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  | (0.9 | ) |  | (38.5 | ) |  | (83.3 | ) |  | — |  |  | (122.7 | )
Net receipts (payments) on intercompany activity |  | — |  |  | — |  |  | (223.9 | ) |  | 223.9 |  |  | — |
Proceeds from disposal of property, plant and equipment |  | — |  |  | 0.1 |  |  | 2.6 |  |  | — |  |  | 2.7 |
Other |  | — |  |  | — |  |  | 0.4 |  |  | — |  |  | 0.4 |
Cash flows provided by (used in) investing activities |  | (0.9 | ) |  | (38.4 | ) |  | (304.2 | ) |  | 223.9 |  |  | (119.6 | )
Financing Activities: |  |  |  |  |  |  |  |  |  |
Borrowings on long-term debt |  | — |  |  | — |  |  | 8.5 |  |  | — |  |  | 8.5 |
Payments on long-terms debt and finance leases |  | (350.4 | ) |  | (0.3 | ) |  | (2.3 | ) |  | — |  |  | (353.0 | )
Net borrowings under credit facilities |  | — |  |  | — |  |  | 1.6 |  |  | — |  |  | 1.6 |
Debt issuance costs |  | — |  |  | — |  |  | (0.8 | ) |  | — |  |  | (0.8 | )
Debt extinguishment charge |  | (35.8 | ) |  | — |  |  | — |  |  | — |  |  | (35.8 | )
Net receipts (payments) on intercompany activity |  | 72.7 |  |  | 151.2 |  |  | — |  |  | (223.9 | ) |  | — |
Issuance of common stock |  | 397.8 |  |  | — |  |  | — |  |  | — |  |  | 397.8 |
Dividends paid to stockholders |  | — |  |  | — |  |  | (12.0 | ) |  | 12.0 |  |  | — |
Dividends paid to noncontrolling interests |  | — |  |  | — |  |  | (8.0 | ) |  | — |  |  | (8.0 | )
Sale to noncontrolling interest |  | — |  |  | — |  |  | 3.7 |  |  | — |  |  | 3.7 |
Shares repurchased for income tax withholding on share-based compensation |  | (4.8 | ) |  | — |  |  | — |  |  | — |  |  | (4.8 | )
Cash flows provided by (used in) financing activities |  | 79.5 |  |  | 150.9 |  |  | (9.3 | ) |  | (211.9 | ) |  | 9.2 |
Increase (decrease) in cash and cash equivalents |  | $ | (0.2 | ) |  | $ | 11.0 |  |  | $ | (98.8 | ) |  | $ | — |  |  | $ | (88.0 | )

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