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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 244.7 $ (38.6)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Unrealized (gain) loss on derivative instruments (6.4) 64.4
Lower of cost or NRV inventory adjustment 0.0 5.1
Depreciation, depletion and amortization 19.9 15.9
Change in deferred tax benefit (expense) 0.4 (1.5)
Bargain purchase gain (245.9) 0.0
Other non-cash items - net (1.5) (0.5)
Change in operating assets and liabilities, net of acquisition:    
Accounts receivable - net (1.4) 19.1
Non-trade receivables 5.2 0.0
Manufacturing credit receivable (12.6) 0.0
Due from affiliates (2.6) (11.7)
Inventories (7.2) (41.1)
Prepaid and other current assets 0.2 1.8
Accounts payable, trade (33.8) (17.4)
Due to affiliates 33.6 10.4
Accrued and other current liabilities (8.4) (8.7)
Other - net 1.0 2.6
Net cash used in operating activities (14.8) (0.2)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (29.7) (14.3)
Net cash used in investing activities (29.7) (14.3)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net cash provided by (used in) financing activities 49.2 (9.4)
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 4.7 (23.9)
Cash, cash equivalents and restricted cash, beginning of period 90.3 55.5
Cash, cash equivalents and restricted cash, end of period 95.0 31.6
Cash paid for:    
Interest 2.9 4.0
Taxes, net of refunds 1.1 (0.4)
Non-cash investing activities:    
Capital expenditures 6.7 3.9
Capitalized interest 2.4 1.0
U.S. and Iceland Revolving Credit Facilities    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under revolving credit facilities 155.9 192.4
Repayments under facilities (130.5) (209.4)
Iceland Term Facility    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments under facilities (1.2) (2.4)
Casthouse Facility    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under Grundartangi casthouse debt facility $ 25.0 $ 10.0