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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (32.0) $ 55.1
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Unrealized loss (gain) on derivative instruments 66.3 (217.5)
Lower of cost or NRV inventory adjustment 0.0 52.8
Depreciation and amortization 31.5 42.1
Deferred tax (benefit) provision (12.6) 41.9
Asset impairment 0.0 159.4
Other non-cash items - net 3.7 (9.0)
Change in operating assets and liabilities, net of acquisition:    
Accounts receivable - net 26.0 (41.6)
Due from affiliates (12.2) (8.7)
Inventories (18.5) (43.0)
Prepaid and other current assets 7.7 1.1
Accounts payable, trade (72.9) 47.5
Due to affiliates 7.7 (28.8)
Accrued and other current liabilities 3.0 16.6
Other - net 0.4 0.7
Net cash (used in) provided by operating activities (1.9) 68.6
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (36.6) (51.8)
Proceeds from sales of property, plant and equipment 0.0 0.1
Acquisition of subsidiary net of cash acquired 19.4 0.0
Net cash used in investing activities (17.2) (51.7)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under revolving credit facilities 407.8 596.4
Repayments under revolving credit facilities (396.6) (660.0)
Debt issuance costs 0.0 (1.5)
Repayment of Iceland Term Facility (6.1) 0.0
Borrowings under Grundartangi casthouse debt facility 20.0 40.0
Net cash provided by (used in) financing activities 25.1 (25.1)
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 6.0 (8.2)
Cash, cash equivalents and restricted cash, beginning of period 55.5 40.7
Cash, cash equivalents and restricted cash, end of period 61.5 32.5
Cash paid for:    
Interest 17.9 13.1
Taxes, net of refunds (0.3) 1.2
Non-cash investing activities:    
Capital expenditures 7.8 2.6
Capitalized interest $ 2.3 $ 2.9