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CONSOLIDATED STATEMENTS OF OPERATIONS - 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) losses                 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)
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 benefit (expense)                 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
INCOME (LOSS) PER COMMON SHARE:                      
Basic and diluted (in dollars per share)                 $ (0.91) $ (0.76) $ 0.51