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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (14.1) $ (167.1) $ (123.3)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Lower of cost or NRV inventory adjustment 39.6 0.0 45.0
(Gain) loss on derivative instruments (201.5) 102.9 15.7
Depreciation and amortization 73.4 82.6 83.0
Change in deferred tax provision (benefit) 44.2 (30.6) 0.0
Asset impairment 159.4 0.0 0.0
OPEB curtailment gain (8.9) 0.0 0.0
Loss on early extinguishment of debt 0.0 24.7 1.0
Other non-cash items - net (22.8) (1.7) (0.9)
Change in operating assets and liabilities:      
Accounts receivable - net 13.7 (16.2) 19.1
Due from affiliates 3.6 0.7 20.8
Inventories (12.8) (134.5) (15.5)
Prepaid and other current assets 5.6 (13.4) 0.6
Accounts payable, trade (15.8) 44.8 20.6
Due to affiliates (43.5) 38.3 (22.4)
Accrued and other current liabilities 8.8 5.0 (1.2)
Ravenswood retiree legal settlement (2.0) (2.0) (2.0)
Ravenswood PBGC settlement (2.4) 0.0 0.0
Other - net 1.4 1.8 2.4
Net cash provided by (used in) operating activities 25.9 (64.7) 42.9
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property, plant and equipment (86.3) (83.0) (13.4)
Proceeds from sale of property, plant and equipment 0.8 0.4 1.6
Net cash used in investing activities (85.5) (82.6) (11.8)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayment of Senior Notes due 2021 0.0 0.0 (250.0)
Proceeds from issuance of Senior Notes due 2025 0.0 0.0 243.8
Repayment of Senior Notes due 2025 0.0 (250.0) 0.0
Early redemption and tender premiums paid 0.0 (18.1) 0.0
Proceeds from issuance of Senior Notes due 2028 0.0 250.0 0.0
Proceeds from issuance of Convertible Senior Notes 0.0 86.3 0.0
Repayments under Hawesville Term Loan 0.0 (20.0) (20.0)
Repayments under revolving credit facilities (1,114.8) (910.2) (217.9)
Debt issuance cost (1.5) (7.4) (1.1)
Debt retirement cost 0.0 0.0 (0.2)
Purchase of capped calls related to Convertible Senior Notes 0.0 (5.7) 0.0
Borrowings under debt facilities 50.0 0.0 0.0
Net cash provided by financing activities 74.4 103.7 13.5
CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 14.8 (43.6) 44.6
Cash, cash equivalents and restricted cash, beginning of year 40.7 84.3 39.7
Cash, cash equivalents and restricted cash, end of year 55.5 40.7 84.3
Cash paid for:      
Interest 27.0 36.8 14.5
Taxes, net of refunds 0.9 3.1 0.2
Non-cash investing activities:      
Capital expenditures 3.7 7.1 0.9
Capitalized interest 4.2 1.6 0.0
U.S. and Iceland Revolving Credit Facilities      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings under revolving credit facilities 1,126.2 978.8 258.9
Iceland Term Facility      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings under revolving credit facilities $ 14.5 $ 0.0 $ 0.0