XML 69 R106.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Condensed Consolidating Financial Information - Balance Sheets (Details) - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
ASSETS        
Cash and cash equivalents $ 38.9 $ 38.9    
Restricted cash 0.8 0.8    
Accounts receivable - net 70.1 82.5    
Due from affiliates 30.1 22.7    
Inventories 320.6 343.8    
Prepaid and other current assets   18.0    
Derivative assets 14.6 4.1    
Prepaid and other current assets 12.2 13.9    
Total current assets 487.3 506.7    
Property, plant and equipment - net 949.2 967.3    
Investment in subsidiaries 0.0 0.0    
Leases - right of use assets 25.2      
Due from affiliates - less current portion 0.5 0.0    
Other assets 62.7 63.5    
TOTAL 1,499.7 1,537.5 $ 1,581.6  
LIABILITIES:        
Accounts payable, trade 97.1 119.4    
Due to affiliates 32.9 10.3    
Accrued and other current liabilities 65.5 52.5    
Accrued employee benefits costs 10.4 11.0    
Hawesville term loan 20.0 0.0    
Revolving credit facility   23.3    
Industrial revenue bonds 7.8 7.8    
Total current liabilities 233.7 224.3    
Senior notes payable 249.2 248.6    
Hawesville term loan - less current portion 20.0 0.0    
Accrued pension benefits costs - less current portion 60.8 50.9    
Accrued postretirement benefits costs - less current portion 100.7 101.2    
Leases - right of use liabilities 22.8      
Other liabilities 42.4 46.0    
Intercompany loan 0.0 0.0    
Deferred taxes 95.1 104.3    
Total noncurrent liabilities 591.0 551.0    
SHAREHOLDERS’ EQUITY:        
Preferred stock 0.0 0.0    
Common stock 1.0 1.0    
Other shareholders' equity 674.0 761.2    
Total shareholders’ equity 675.0 762.2 $ 829.6 $ 756.7
TOTAL 1,499.7 1,537.5    
Reportable Legal Entities [Member] | The Company [Member]        
ASSETS        
Cash and cash equivalents 0.3 0.1    
Restricted cash 0.0 0.0    
Accounts receivable - net 0.7 0.5    
Due from affiliates 0.0 0.0    
Inventories 0.0 0.0    
Prepaid and other current assets   6.4    
Derivative assets 12.2      
Prepaid and other current assets 3.0      
Total current assets 16.2 7.0    
Property, plant and equipment - net 17.2 20.6    
Investment in subsidiaries 609.5 668.3    
Due from affiliates - less current portion 749.5 751.7    
Other assets 38.1 29.8    
TOTAL 1,430.5 1,477.4    
LIABILITIES:        
Accounts payable, trade 2.3 3.7    
Due to affiliates 0.0 0.0    
Accrued and other current liabilities 23.5 15.8    
Accrued employee benefits costs 1.9 1.9    
Hawesville term loan 20.0      
Revolving credit facility   23.3    
Industrial revenue bonds 0.0 0.0    
Total current liabilities 47.7 44.7    
Senior notes payable 249.2 248.6    
Hawesville term loan - less current portion 20.0      
Accrued pension benefits costs - less current portion 25.1 23.2    
Accrued postretirement benefits costs - less current portion 1.1 0.7    
Leases - right of use liabilities 5.5      
Other liabilities 3.5 2.8    
Intercompany loan 403.4 395.4    
Deferred taxes 0.0 (0.2)    
Total noncurrent liabilities 707.8 670.5    
SHAREHOLDERS’ EQUITY:        
Preferred stock 0.0 0.0    
Common stock 1.0 1.0    
Other shareholders' equity 674.0 761.2    
Total shareholders’ equity 675.0 762.2    
TOTAL 1,430.5 1,477.4    
Reportable Legal Entities [Member] | Combined Guarantor Subsidiaries [Member]        
ASSETS        
Cash and cash equivalents 0.1 0.0    
Restricted cash 0.8 0.8    
Accounts receivable - net 64.1 81.8    
Due from affiliates 10.9 13.1    
Inventories 205.5 210.7    
Prepaid and other current assets   3.4    
Derivative assets 0.0      
Prepaid and other current assets 2.8      
Total current assets 284.2 309.8    
Property, plant and equipment - net 334.8 320.7    
Investment in subsidiaries 62.7 54.5    
Due from affiliates - less current portion 537.9 517.6    
Other assets 5.7 2.1    
TOTAL 1,225.3 1,204.7    
LIABILITIES:        
Accounts payable, trade 66.2 84.1    
Due to affiliates 2.2 0.0    
Accrued and other current liabilities 27.3 22.8    
Accrued employee benefits costs 7.7 8.3    
Hawesville term loan 0.0      
Revolving credit facility   0.0    
Industrial revenue bonds 7.8 7.8    
Total current liabilities 111.2 123.0    
Senior notes payable 0.0 0.0    
Hawesville term loan - less current portion 0.0      
Accrued pension benefits costs - less current portion 27.3 20.7    
Accrued postretirement benefits costs - less current portion 97.8 98.9    
Leases - right of use liabilities 0.4      
Other liabilities 22.2 23.5    
Intercompany loan 315.9 307.6    
Deferred taxes 0.4 1.8    
Total noncurrent liabilities 464.0 452.5    
SHAREHOLDERS’ EQUITY:        
Preferred stock 0.0 0.0    
Common stock 0.0 0.0    
Other shareholders' equity 650.1 629.2    
Total shareholders’ equity 650.1 629.2    
TOTAL 1,225.3 1,204.7    
Reportable Legal Entities [Member] | Combined Non-Guarantor Subsidiaries [Member]        
ASSETS        
Cash and cash equivalents 38.5 38.8    
Restricted cash 0.0 0.0    
Accounts receivable - net 5.3 0.2    
Due from affiliates 19.2 9.6    
Inventories 115.1 133.1    
Prepaid and other current assets   8.2    
Derivative assets 2.4      
Prepaid and other current assets 6.4      
Total current assets 186.9 189.9    
Property, plant and equipment - net 597.2 626.0    
Investment in subsidiaries 0.0 0.0    
Due from affiliates - less current portion 5.1 7.2    
Other assets 18.9 31.6    
TOTAL 808.1 854.7    
LIABILITIES:        
Accounts payable, trade 28.6 31.6    
Due to affiliates 30.7 10.3    
Accrued and other current liabilities 14.7 13.9    
Accrued employee benefits costs 0.8 0.8    
Hawesville term loan 0.0      
Revolving credit facility   0.0    
Industrial revenue bonds 0.0 0.0    
Total current liabilities 74.8 56.6    
Senior notes payable 0.0 0.0    
Hawesville term loan - less current portion 0.0      
Accrued pension benefits costs - less current portion 8.4 7.0    
Accrued postretirement benefits costs - less current portion 1.8 1.6    
Leases - right of use liabilities 16.9      
Other liabilities 16.7 19.7    
Intercompany loan 572.7 573.5    
Deferred taxes 94.7 102.7    
Total noncurrent liabilities 711.2 704.5    
SHAREHOLDERS’ EQUITY:        
Preferred stock 0.0 0.0    
Common stock 0.1 0.1    
Other shareholders' equity 22.0 93.5    
Total shareholders’ equity 22.1 93.6    
TOTAL 808.1 854.7    
Consolidating Adjustments [Member]        
ASSETS        
Cash and cash equivalents 0.0 0.0    
Restricted cash 0.0 0.0    
Accounts receivable - net 0.0 0.0    
Due from affiliates 0.0 0.0    
Inventories 0.0 0.0    
Prepaid and other current assets   0.0    
Derivative assets 0.0      
Prepaid and other current assets 0.0      
Total current assets 0.0 0.0    
Property, plant and equipment - net 0.0 0.0    
Investment in subsidiaries (672.2) (722.8)    
Due from affiliates - less current portion (1,292.0) (1,276.5)    
Other assets 0.0 0.0    
TOTAL (1,964.2) (1,999.3)    
LIABILITIES:        
Accounts payable, trade 0.0 0.0    
Due to affiliates 0.0 0.0    
Accrued and other current liabilities 0.0 0.0    
Accrued employee benefits costs 0.0 0.0    
Hawesville term loan 0.0      
Revolving credit facility   0.0    
Industrial revenue bonds 0.0 0.0    
Total current liabilities 0.0 0.0    
Senior notes payable 0.0 0.0    
Hawesville term loan - less current portion 0.0      
Accrued pension benefits costs - less current portion 0.0 0.0    
Accrued postretirement benefits costs - less current portion 0.0 0.0    
Leases - right of use liabilities 0.0      
Other liabilities 0.0 0.0    
Intercompany loan (1,292.0) (1,276.5)    
Deferred taxes 0.0 0.0    
Total noncurrent liabilities (1,292.0) (1,276.5)    
SHAREHOLDERS’ EQUITY:        
Preferred stock 0.0 0.0    
Common stock (0.1) (0.1)    
Other shareholders' equity (672.1) (722.7)    
Total shareholders’ equity (672.2) (722.8)    
TOTAL $ (1,964.2) $ (1,999.3)