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Condensed Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities    
Net Income (Loss) Attributable to Parent $ 120.1 $ 298.7
Adjustments to reconcile net income to net cash and cash equivalents provided by (used for) operating activities:    
Depreciation and amortization 258.7 273.9
Gains on disposition of property, plant and equipment 0.0 27.0
Stock-based compensation 6.4 8.4
Write-off of equipment and facility included in restructuring charges 0.0 17.7
Deferred income taxes (23.3) (27.7)
Qualified pension plan contributions (0.8) (1.5)
Qualified pension plan income (11.7) (9.9)
Change in assets and liabilities:    
Receivables (37.4) 52.8
Income taxes receivable/payable (30.9) 14.3
Inventories (19.3) (137.9)
Other current assets (14.9) (1.8)
Accounts payable and accrued liabilities (63.8) (141.1)
Other assets (18.2) (13.4)
Other noncurrent liabilities 2.7 43.1
Other operating activities 4.0 (5.6)
Net operating activities 171.6 343.0
Investing Activities    
Capital expenditures (100.8) (128.8)
Payments under other long-term supply contracts (46.7) (29.6)
Proceeds from disposition of property, plant and equipment 0.0 28.8
Other investing activities (2.9) (1.0)
Net investing activities (150.4) (130.6)
Long-term debt:    
Borrowings 511.5 415.0
Repayments (272.6) (271.3)
Common stock repurchased and retired (211.4) (393.0)
Stock options exercised 21.7 11.9
Employee taxes paid for share-based payment arrangements (10.5) 0.0
Dividends paid (47.6) (51.8)
Contributions received from noncontrolling interests 0.0 44.1
Net financing activities (8.9) (245.1)
Effect of exchange rate changes on cash and cash equivalents (0.5) (0.2)
Net increase (decrease) in cash and cash equivalents 11.8 (32.9)
Cash and cash equivalents, beginning of year 170.3 194.0
Cash and cash equivalents, end of period 182.1 161.1
Cash paid for interest and income taxes:    
Interest, net 89.6 84.6
Income taxes, net of refunds 91.0 70.9
Non-cash investing activities:    
Decrease in capital expenditures included in accounts payable and accrued liabilities $ 21.7 $ 18.3