XML 117 R105.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Condensed Consolidating Financial Information - Statements of Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2019
Mar. 31, 2019
Dec. 31, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
NET SALES:                      
Related parties                 $ 1,191.6 $ 1,204.5 $ 1,198.1
Other customers                 645.0 688.7 391.0
Total net sales                 1,836.6 1,893.2 1,589.1
Cost of goods sold                 1,860.5 1,916.1 1,457.8
Gross profit (loss) $ 6.7 $ (12.8) $ (59.3) $ 14.5 $ (4.1) $ 33.7 $ (13.7) $ (11.8) (23.9) (22.9) 131.3
Selling, general and administrative expenses                 47.4 40.2 44.8
Helguvik (gains) losses                 0.0 (4.5) (7.3)
Ravenswood (gains)                 0.0 0.0 (5.5)
Other operating expense - net                 0.8 0.4 2.1
Operating income (loss)                 (72.1) (59.0) 97.2
Interest expense – term loan                 (2.1) 0.0 0.0
Interest expense                 (23.0) (22.4) (22.2)
Intercompany Interest                 0.0 0.0  
Interest income                 0.8 1.5 1.4
Net gain (loss) on forward and derivative contracts                 12.0 6.3 (16.5)
Other income (expense) - net                 (1.1) 3.0 (4.5)
Income (loss) before income taxes and equity in earnings of joint ventures                 (85.5) (70.6) 55.4
Income tax (expense) benefit                 8.4 0.2 (7.6)
Income (loss) before equity in earnings of joint ventures                 (77.1) (70.4) 47.8
Loss on sale of BHH                 (4.3) 0.0 0.0
Equity in earnings of joint ventures                 0.6 4.2 0.8
Net income (loss)   $ (34.6) $ (65.0) $ (0.3) $ (20.7) $ 19.4 $ (20.7) $ (20.3) (80.8) (66.2) 48.6
Other comprehensive income (loss) before income tax effect                 (8.8) (5.5) 23.7
Income tax effect                 (1.0) (1.5) (1.5)
Other comprehensive income                 (9.8) (7.0) 22.2
Total comprehensive income (loss)                 $ (90.6) (73.2) 70.8
Combined Guarantor Subsidiaries [Member]                      
Condensed Statement of Income Captions [Line Items]                      
Ownership percentage 100.00%               100.00%    
Reportable Legal Entities [Member]                      
NET SALES:                      
Loss on sale of BHH                    
Reportable Legal Entities [Member] | The Company [Member]                      
NET SALES:                      
Related parties                 0.0 0.0 0.0
Other customers                 0.0 0.0 0.0
Total net sales                 0.0 0.0 0.0
Cost of goods sold                 0.0 0.0 0.0
Gross profit (loss)                 0.0 0.0 0.0
Selling, general and administrative expenses                 25.9 23.3 27.2
Helguvik (gains) losses                   0.0 0.0
Ravenswood (gains)                     0.0
Other operating expense - net                 0.0 0.0 0.0
Operating income (loss)                 (25.9) (23.3) (27.2)
Interest expense – term loan                 (2.1)   37.3
Interest expense                 (21.0) (20.6) (20.4)
Intercompany Interest                 35.0 36.3  
Interest income                 0.2 0.3 0.5
Net gain (loss) on forward and derivative contracts                 12.0 1.3 0.0
Other income (expense) - net                 1.3 2.1 0.2
Income (loss) before income taxes and equity in earnings of joint ventures                 (0.5) (3.9) (9.6)
Income tax (expense) benefit                 1.2 2.6 0.5
Income (loss) before equity in earnings of joint ventures                 0.7 (1.3) (9.1)
Loss on sale of BHH                 0.0    
Equity in earnings of joint ventures                 (81.5) (64.9) 57.7
Net income (loss)                 (80.8) (66.2) 48.6
Other comprehensive income (loss) before income tax effect                 (8.8) (5.5) 23.7
Income tax effect                 (1.0) (1.5) (1.5)
Other comprehensive income                 (9.8) (7.0) 22.2
Total comprehensive income (loss)                 (90.6) (73.2) 70.8
Reportable Legal Entities [Member] | Combined Guarantor Subsidiaries [Member]                      
NET SALES:                      
Related parties                 566.5 453.6 547.5
Other customers                 613.1 685.0 390.9
Total net sales                 1,179.6 1,138.6 938.4
Cost of goods sold                 1,182.4 1,169.2 885.5
Gross profit (loss)                 (2.8) (30.6) 52.9
Selling, general and administrative expenses                 16.3 11.6 12.9
Helguvik (gains) losses                   0.0 0.0
Ravenswood (gains)                     0.0
Other operating expense - net                 0.0 0.0 0.0
Operating income (loss)                 (19.1) (42.2) 40.0
Interest expense – term loan                 0.0   8.6
Interest expense                 (1.7) (1.6) (1.6)
Intercompany Interest                 10.3 9.5  
Interest income                 0.0 0.0 0.0
Net gain (loss) on forward and derivative contracts                 1.4 1.4 (17.0)
Other income (expense) - net                 (2.8) (1.9) 0.4
Income (loss) before income taxes and equity in earnings of joint ventures                 (11.9) (34.8) 30.4
Income tax (expense) benefit                 1.4 0.0 0.9
Income (loss) before equity in earnings of joint ventures                 (10.5) (34.8) 31.3
Loss on sale of BHH                 0.0    
Equity in earnings of joint ventures                 8.2 0.6 2.7
Net income (loss)                 (2.3) (34.2) 34.0
Other comprehensive income (loss) before income tax effect                 (3.2) (24.2) 12.7
Income tax effect                 0.0 0.0 0.0
Other comprehensive income                 (3.2) (24.2) 12.7
Total comprehensive income (loss)                 (5.5) (58.4) 46.7
Reportable Legal Entities [Member] | Combined Non-Guarantor Subsidiaries [Member]                      
NET SALES:                      
Related parties                 625.1 750.9 650.6
Other customers                 31.9 3.7 0.1
Total net sales                 657.0 754.6 650.7
Cost of goods sold                 678.1 746.9 572.3
Gross profit (loss)                 (21.1) 7.7 78.4
Selling, general and administrative expenses                 5.2 5.3 4.7
Helguvik (gains) losses                   (4.5) (7.3)
Ravenswood (gains)                     (5.5)
Other operating expense - net                 0.8 0.4 2.1
Operating income (loss)                 (27.1) 6.5 84.4
Interest expense – term loan                 0.0   (45.9)
Interest expense                 (0.3) (0.2) (0.2)
Intercompany Interest                 (45.3) (45.8)  
Interest income                 0.6 1.2 0.9
Net gain (loss) on forward and derivative contracts                 (1.4) 3.6 0.5
Other income (expense) - net                 0.4 2.8 (5.1)
Income (loss) before income taxes and equity in earnings of joint ventures                 (73.1) (31.9) 34.6
Income tax (expense) benefit                 5.8 (2.4) (9.0)
Income (loss) before equity in earnings of joint ventures                 (67.3) (34.3) 25.6
Loss on sale of BHH                 (4.3)    
Equity in earnings of joint ventures                 0.6 4.2 0.8
Net income (loss)                 (71.0) (30.1) 26.4
Other comprehensive income (loss) before income tax effect                 (1.2) 5.2 1.5
Income tax effect                 0.0 0.0 (0.0)
Other comprehensive income                 (1.2) 5.2 1.5
Total comprehensive income (loss)                 (72.2) (24.9) 27.9
Consolidating Adjustments [Member]                      
NET SALES:                      
Related parties                 0.0 0.0 0.0
Other customers                 0.0 0.0 0.0
Total net sales                 0.0 0.0 0.0
Cost of goods sold                 0.0 0.0 0.0
Gross profit (loss)                 0.0 0.0 0.0
Selling, general and administrative expenses                 0.0 0.0 0.0
Helguvik (gains) losses                   0.0 0.0
Ravenswood (gains)                     0.0
Other operating expense - net                 0.0 0.0 0.0
Operating income (loss)                 0.0 0.0 0.0
Interest expense – term loan                 0.0   0.0
Interest expense                 0.0 0.0 0.0
Intercompany Interest                 0.0 0.0  
Interest income                 0.0 0.0 0.0
Net gain (loss) on forward and derivative contracts                 0.0 0.0 0.0
Other income (expense) - net                 0.0 0.0 0.0
Income (loss) before income taxes and equity in earnings of joint ventures                 0.0 0.0 0.0
Income tax (expense) benefit                 0.0 0.0 0.0
Income (loss) before equity in earnings of joint ventures                 0.0 0.0 0.0
Loss on sale of BHH                 0.0    
Equity in earnings of joint ventures                 73.3 64.3 (60.4)
Net income (loss)                 73.3 64.3 (60.4)
Other comprehensive income (loss) before income tax effect                 4.4 19.0 (14.2)
Income tax effect                 0.0 0.0 (0.0)
Other comprehensive income                 4.4 19.0 (14.2)
Total comprehensive income (loss)                 $ 77.7 $ 83.3 $ (74.6)