XML 23 R9.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
4 Months Ended 8 Months Ended 12 Months Ended
Apr. 30, 2021
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2020
OPERATING ACTIVITIES        
Net income (loss) $ (4,463.8) $ (23.6) $ 181.8 $ (4,857.6)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Gain (Loss) on Disposition of Assets (6.0) (21.2) (141.2) (11.8)
Depreciation 159.6 66.1 91.2 540.8
Non-cash amortization 0.0 20.8 44.9 0.0
Asset Impairment Charges 756.5 0.0 34.5 3,646.2
EQUITY IN EARNINGS (LOSSES) OF ARO 3.1 6.1 24.5 (7.8)
Share-based Payment Arrangement, Noncash Expense 4.8 4.3 17.4 21.4
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) (5.4) (8.7) (16.4) (14.6)
Amortization, Net (4.8) 2.3 (9.0) 6.2
Deferred income tax expense (18.2) (21.3) 7.9 (105.7)
Amortization of Debt Discount (Premium) 0.0 0.5 1.0 36.8
Business Combination, Bargain Purchase, Gain Recognized And Adjustment 0.0 0.0 0.0 (6.3)
Debtor-in-Possession Financing Fees And Payments on Backstop Commitment Agreement 0.0 0.0 0.0 40.0
Debtor Reorganization Items, Non-cash 3,487.3 0.0 0.0 436.4
Other Noncash Income (Expense) (7.3) (0.3) 1.6 (30.2)
Changes in operating assets and liabilities (68.5) (4.7) (35.4) 22.0
Contributions to pension plans and other post-retirement benefits (22.5) (2.7) (4.1) (12.1)
Net Cash Provided by (Used in) Operating Activities, Total (39.8) (26.2) 127.5 (251.7)
INVESTING ACTIVITIES        
Purchases of short-term investments 0.0 0.0 (220.0) 0.0
Maturities of short-term investments 0.0 0.0 220.0 0.0
Additions to property and equipment (8.7) (50.2) (207.0) (93.8)
Proceeds from Sale of Property, Plant, and Equipment 30.1 25.1 150.3 51.8
Repayment of Notes Receivable from Related Parties 0.0 0.0 40.0 0.0
Net Cash Provided by (Used in) Investing Activities, Total 21.4 (25.1) (16.7) (42.0)
FINANCING ACTIVITIES        
Payments of Financing Costs 0.0 0.0 3.9 0.0
Payment, Tax Withholding, Share-Based Payment Arrangement 0.0 0.0 2.5 0.0
Proceeds from issuance of senior notes 520.0 0.0 0.0 0.0
Payments To Predecessor Creditors (129.9) 0.0 0.0 0.0
Proceeds from Lines of Credit 0.0 0.0 0.0 596.0
Payments for Debtor-in-possession financing fees and backstop agreement 0.0 0.0 0.0 (40.0)
Repayments of Lines of Credit 0.0 0.0 0.0 (15.0)
Reduction of long-term borrowings 0.0 0.0 0.0 (9.7)
Payments to Noncontrolling Interests 0.0 0.0 0.0 (7.2)
Other (1.4) 0.0 0.0 (1.9)
Net cash provided by (used in) financing activities 388.7 0.0 (6.4) 522.2
Effect of exchange rate changes on cash and cash equivalents (0.1) (0.1) (0.5) 0.1
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 370.2 (51.4) 103.9 228.6
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 696.0 644.6 748.5 325.8
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD $ (696.0) $ (644.6) $ (748.5) $ (325.8)