XML 49 R36.htm IDEA: XBRL DOCUMENT v3.24.2

DEBT (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments

Long-term loans, notes and other financing obligations, consisted of the following:

			June 30, 2024						December 31, 2023						June 30, 2023
Financing Obligations			($ in millions)
Variable-rate Term Loan Facility, due 2027			$	336.9					$	341.3					$	345.6
Variable-rate Senior Revolving Credit Facility, due 2027			411.0						68.0						215.0
Variable-rate Recovery Zone bonds, due 2024-2035			83.0						103.0						103.0
Variable-rate Go Zone bonds, due 2024			—						50.0						50.0
Variable-rate industrial development and environmental improvement obligations, due 2025			2.9						2.9						2.9
9.50% senior notes, due 2025			108.6						108.6						108.6
5.625% senior notes, due 2029			669.3						669.3						669.3
5.125% senior notes, due 2027			500.0						500.0						500.0
5.00% senior notes, due 2030			515.3						515.3						515.3
Receivables Financing Agreement (See Note 6)			298.8						328.5						234.8
Finance lease obligations			—						—						0.2
Other:
Deferred debt issuance costs			(14.8)						(16.6)						(18.2)
Unamortized bond original issue discount			(0.1)						(0.2)						(0.2)
Total debt			2,910.9						2,670.1						2,726.3
Amounts due within one year			121.8						78.8						9.0
Total long-term debt			$	2,789.1					$	2,591.3					$	2,717.3

Schedule of Debt

During the six months ended June 30, 2024 and 2023, activity of our outstanding debt included:

						Long-term Debt Borrowings (Repayments) for the Six Months Ended
						June 30, 2024						June 30, 2023
Debt Instruments						($ in millions)
Borrowings
Senior Revolving Credit Facility						$	465.0					$	215.0
Receivables Financing Agreement						46.5						200.0
Total borrowings						511.5						415.0
Repayments
Variable-rate Go Zone bonds, due 2024						(50.0)						—
Variable-rate Recovery Zone bonds, due 2024						(20.0)						—
Term Loan Facility						(4.4)						(4.4)
Senior Revolving Credit Facility						(122.0)						—
Receivables Financing Agreement						(76.2)						(265.2)
Finance leases						—						(1.7)
Total repayments						(272.6)						(271.3)
Long-term debt borrowings, net						$	238.9					$	143.7

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482925/835-30-45-2

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482925/835-30-45-1A

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-3

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482949/835-30-55-8

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480848/942-470-50-3

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-8

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-6

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-7

+ Details

Name:	us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration