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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ (167.1) $ (123.3) $ (80.8)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Lower of cost or NRV inventory adjustment 0.0 45.0 18.8
Unrealized (gains) losses on forward and derivative contracts 102.9 15.7 (11.4)
Depreciation and amortization 82.6 83.0 83.2
Change in deferred tax benefit (30.6) 0.0 0.0
Net loss on sale of BHH 0.0 0.0 4.3
Loss on early extinguishment of debt 24.7 1.0 0.0
Other non-cash items - net (1.7) (0.9) (5.9)
Change in operating assets and liabilities:      
Accounts receivable - net (16.2) 19.1 12.4
Due from affiliates 0.7 20.8 (7.1)
Inventories (134.5) (15.5) 4.4
Prepaid and other current assets (13.4) 0.6 2.7
Accounts payable, trade 44.8 20.6 (25.2)
Due to affiliates 38.3 (22.4) 22.6
Accrued and other current liabilities 5.0 (1.2) 2.7
Ravenswood retiree legal settlement (2.0) (2.0) (2.0)
Other - net 1.8 2.4 (1.0)
Net cash (used in) provided by operating activities (64.7) 42.9 17.7
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property, plant and equipment (83.0) (13.4) (59.6)
Proceeds from sale of property, plant and equipment 0.4 1.6 0.0
Proceeds from sale of joint venture 0.0 0.0 20.8
Net cash used in investing activities (82.6) (11.8) (38.8)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayment of Senior Notes due 2021 0.0 (250.0) 0.0
Proceeds from issuance of Senior Notes due 2025 0.0 243.8 0.0
Repayment of Senior Notes due 2025 (250.0) 0.0 0.0
Early redemption and tender premiums paid (18.1) 0.0 0.0
Proceeds from issuance of Senior Notes due 2028 250.0 0.0 0.0
Proceeds from issuance of Convertible Senior Notes 86.3 0.0 0.0
Borrowings under Hawesville term loan 0.0 0.0 40.0
Repayments under Hawesville Term Loan (20.0) (20.0) 0.0
Borrowings under revolving credit facilities 978.8 258.9 388.1
Repayments under revolving credit facilities (910.2) (217.9) (407.3)
Debt issuance cost (7.4) (1.1) 0.0
Debt retirement cost 0.0 (0.2) 0.0
Other short-term borrowings 0.0 0.0 3.4
Repayments on other short-term borrowings 0.0 0.0 (3.4)
Purchase of capped calls related to Convertible Senior Notes (5.7) 0.0 0.0
Issuance of common stock 0.0 0.0 0.3
Net cash provided by financing activities 103.7 13.5 21.1
CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (43.6) 44.6 0.0
Cash, cash equivalents and restricted cash, beginning of year 84.3 39.7 39.7
Cash, cash equivalents and restricted cash, end of year 40.7 84.3 39.7
Cash paid for:      
Interest 36.8 14.5 21.8
Taxes 3.1 0.2 0.5
Non-cash investing activities:      
Capital expenditures 7.1 0.9 3.0
Capitalized interest $ 1.6 $ 0.0 $ 0.0