XML 66 R54.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidating Financial Information - Balance Sheets (Details) - USD ($)
$ in Millions
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Condensed Balance Sheet Statements, Captions [Line Items]            
Cash & cash equivalents $ 174.1   $ 38.9      
Restricted cash 3.7   0.8      
Accounts receivable - net 35.9   70.1      
Due from affiliates 9.8   30.1      
Inventories 275.0   320.6      
Derivative assets 18.3   14.6      
Prepaid and other current assets 14.6   12.2      
Total current assets 531.4   487.3      
Property, plant and equipment - net 919.0   949.2      
Investment in subsidiaries 0.0   0.0      
Due from affiliates - less current portion 3.9   0.5      
Other assets 69.7   62.7      
TOTAL 1,524.0   1,499.7      
Accounts payable, trade 87.7   97.1      
Due to affiliates 1.8   32.9      
Accrued and other current liabilities 76.9   65.5      
Accrued employee benefits costs 10.4   10.4      
Hawesville term loan 20.0   20.0      
U.S. revolving credit facility 45.0   4.0      
Industrial revenue bonds 7.8   7.8      
Total current liabilities 249.6   233.7      
Senior notes payable 249.5   249.2      
Hawesville term loan - less current portion 10.0   20.0      
Iceland revolving credit facility 45.0   0.0      
Accrued pension benefits costs - less current portion 57.7   60.8      
Accrued postretirement benefits costs - less current portion 99.3   100.7      
Due to affiliates - long term 0.0   0.0      
Other liabilities 47.8   42.4      
Leases - right of use liabilities 21.7   22.8      
Deferred taxes 94.7   95.1      
Total noncurrent liabilities 625.7   591.0      
Preferred stock 0.0   0.0      
Common stock 1.0   1.0      
Other shareholders' equity 647.7   674.0      
Total shareholders’ equity 648.7 $ 673.8 675.0 $ 709.4 $ 728.1 $ 762.2
TOTAL 1,524.0   1,499.7      
Consolidating Adjustments [Member]            
Condensed Balance Sheet Statements, Captions [Line Items]            
Cash & 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      
Derivative assets 0.0   0.0      
Prepaid and other current assets 0.0   0.0      
Total current assets 0.0   0.0      
Property, plant and equipment - net 0.0   0.0      
Investment in subsidiaries (633.4)   (672.2)      
Due from affiliates - less current portion (1,337.2)   (1,292.0)      
Other assets 0.0   0.0      
TOTAL (1,970.6)   (1,964.2)      
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   0.0      
U.S. 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   0.0      
Iceland revolving credit facility 0.0          
Accrued pension benefits costs - less current portion 0.0   0.0      
Accrued postretirement benefits costs - less current portion 0.0   0.0      
Due to affiliates - long term (1,337.2)   (1,292.0)      
Other liabilities 0.0   0.0      
Leases - right of use liabilities 0.0   0.0      
Deferred taxes 0.0   0.0      
Total noncurrent liabilities (1,337.2)   (1,292.0)      
Preferred stock 0.0   0.0      
Common stock 0.0   (0.1)      
Other shareholders' equity (633.4)   (672.1)      
Total shareholders’ equity (633.4)   (672.2)      
TOTAL (1,970.6)   (1,964.2)      
The Company [Member] | Reportable Legal Entities [Member]            
Condensed Balance Sheet Statements, Captions [Line Items]            
Cash & cash equivalents 103.7   0.3      
Restricted cash 0.0   0.0      
Accounts receivable - net 3.6   0.7      
Due from affiliates 1.9   0.0      
Inventories 0.0   0.0      
Derivative assets 18.3   12.2      
Prepaid and other current assets 4.5   3.0      
Total current assets 132.0   16.2      
Property, plant and equipment - net 15.7   17.2      
Investment in subsidiaries 568.3   609.5      
Due from affiliates - less current portion 736.2   749.5      
Other assets 48.1   38.1      
TOTAL 1,500.3   1,430.5      
Accounts payable, trade 2.5   2.3      
Due to affiliates 0.0   0.0      
Accrued and other current liabilities 26.2   23.5      
Accrued employee benefits costs 1.9   1.9      
Hawesville term loan 20.0   20.0      
U.S. revolving credit facility 45.0          
Industrial revenue bonds 0.0   0.0      
Total current liabilities 95.6   47.7      
Senior notes payable 249.5   249.2      
Hawesville term loan - less current portion 10.0   20.0      
Iceland revolving credit facility 0.0          
Accrued pension benefits costs - less current portion 24.4   25.1      
Accrued postretirement benefits costs - less current portion 1.0   1.1      
Due to affiliates - long term 459.5   403.4      
Other liabilities 6.3   3.5      
Leases - right of use liabilities 5.3   5.5      
Deferred taxes 0.0   0.0      
Total noncurrent liabilities 756.0   707.8      
Preferred stock 0.0   0.0      
Common stock 1.0   1.0      
Other shareholders' equity 647.7   674.0      
Total shareholders’ equity 648.7   675.0      
TOTAL 1,500.3   1,430.5      
Combined Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]            
Condensed Balance Sheet Statements, Captions [Line Items]            
Cash & cash equivalents 0.2   0.1      
Restricted cash 1.8   0.8      
Accounts receivable - net 31.4   64.1      
Due from affiliates 7.5   10.9      
Inventories 168.7   205.5      
Derivative assets 0.0   0.0      
Prepaid and other current assets 1.0   2.8      
Total current assets 210.6   284.2      
Property, plant and equipment - net 327.7   334.8      
Investment in subsidiaries 65.1   62.7      
Due from affiliates - less current portion 599.6   537.9      
Other assets 3.7   5.7      
TOTAL 1,206.7   1,225.3      
Accounts payable, trade 62.2   66.2      
Due to affiliates 1.8   2.2      
Accrued and other current liabilities 22.6   27.3      
Accrued employee benefits costs 7.7   7.7      
Hawesville term loan 0.0   0.0      
U.S. revolving credit facility 0.0          
Industrial revenue bonds 7.8   7.8      
Total current liabilities 102.1   111.2      
Senior notes payable 0.0   0.0      
Hawesville term loan - less current portion 0.0   0.0      
Iceland revolving credit facility 0.0          
Accrued pension benefits costs - less current portion 26.0   27.3      
Accrued postretirement benefits costs - less current portion 96.5   97.8      
Due to affiliates - long term 320.0   315.9      
Other liabilities 23.9   22.2      
Leases - right of use liabilities (0.0)   0.4      
Deferred taxes 0.3   0.4      
Total noncurrent liabilities 466.7   464.0      
Preferred stock 0.0   0.0      
Common stock 0.0   0.0      
Other shareholders' equity 637.9   650.1      
Total shareholders’ equity 637.9   650.1      
TOTAL 1,206.7   1,225.3      
Combined Non-Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]            
Condensed Balance Sheet Statements, Captions [Line Items]            
Cash & cash equivalents 70.2   38.5      
Restricted cash 1.9   0.0      
Accounts receivable - net 0.9   5.3      
Due from affiliates 0.4   19.2      
Inventories 106.3   115.1      
Derivative assets 0.0   2.4      
Prepaid and other current assets 9.1   6.4      
Total current assets 188.8   186.9      
Property, plant and equipment - net 575.6   597.2      
Investment in subsidiaries 0.0   0.0      
Due from affiliates - less current portion 5.3   5.1      
Other assets 17.9   18.9      
TOTAL 787.6   808.1      
Accounts payable, trade 23.0   28.6      
Due to affiliates 0.0   30.7      
Accrued and other current liabilities 28.1   14.7      
Accrued employee benefits costs 0.8   0.8      
Hawesville term loan 0.0   0.0      
U.S. revolving credit facility 0.0          
Industrial revenue bonds 0.0   0.0      
Total current liabilities 51.9   74.8      
Senior notes payable 0.0   0.0      
Hawesville term loan - less current portion 0.0   0.0      
Iceland revolving credit facility 45.0          
Accrued pension benefits costs - less current portion 7.3   8.4      
Accrued postretirement benefits costs - less current portion 1.8   1.8      
Due to affiliates - long term 557.7   572.7      
Other liabilities 17.6   16.7      
Leases - right of use liabilities 16.4   16.9      
Deferred taxes 94.4   94.7      
Total noncurrent liabilities 740.2   711.2      
Preferred stock 0.0   0.0      
Common stock 0.0   0.1      
Other shareholders' equity (4.5)   22.0      
Total shareholders’ equity (4.5)   22.1      
TOTAL $ 787.6   $ 808.1