XML 90 R38.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Guarantor and Non-Guarantor Financial Statements (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2015
Guarantor and Non-Guarantor Financial Statement [Abstract] |
Schedule of Condensed Financial Statements | CONDENSED CONSOLIDATING BALANCE SHEET (In millions of dollars) June 30, 2015
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 49.8 |  |  | $ | 4.5 |  |  | $ | — |  |  | $ | 54.3 |
Short-term investments |  | — |  |  | 30.0 |  |  | — |  |  | — |  |  | 30.0 |
Receivables: |  |  |  |  |  |  |  |  |  |
Trade receivables — net |  | — |  |  | 134.7 |  |  | 3.9 |  |  | — |  |  | 138.6 |
Intercompany receivables |  | 29.2 |  |  | 78.7 |  |  | 1.8 |  |  | (109.7 | ) |  | — |
Other |  | — |  |  | 2.6 |  |  | 3.3 |  |  | — |  |  | 5.9 |
Inventories |  | — |  |  | 212.8 |  |  | 6.1 |  |  | (1.6 | ) |  | 217.3 |
Prepaid expenses and other current assets |  | 0.2 |  |  | 99.8 |  |  | 0.4 |  |  | — |  |  | 100.4 |
Total current assets |  | 29.4 |  |  | 608.4 |  |  | 20.0 |  |  | (111.3 | ) |  | 546.5 |
Investments in and advances to subsidiaries |  | 1,026.8 |  |  | 33.6 |  |  | — |  |  | (1,060.4 | ) |  | — |
Property, plant and equipment — net |  | — |  |  | 439.5 |  |  | 25.0 |  |  | — |  |  | 464.5 |
Long-term intercompany receivables |  | — |  |  | — |  |  | 10.2 |  |  | (10.2 | ) |  | — |
Deferred tax assets — net |  | — |  |  | 141.6 |  |  | — |  |  | 7.1 |  |  | 148.7 |
Intangible assets — net |  | — |  |  | 31.3 |  |  | — |  |  | — |  |  | 31.3 |
Goodwill |  | — |  |  | 37.2 |  |  | — |  |  | — |  |  | 37.2 |
Other assets |  | 4.0 |  |  | 19.0 |  |  | 0.1 |  |  | — |  |  | 23.1 |
Total |  | $ | 1,060.2 |  |  | $ | 1,310.6 |  |  | $ | 55.3 |  |  | $ | (1,174.8 | ) |  | $ | 1,251.3 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 0.6 |  |  | $ | 67.5 |  |  | $ | 9.3 |  |  | $ | — |  |  | $ | 77.4 |
Intercompany payable |  | 74.3 |  |  | 39.5 |  |  | 3.7 |  |  | (117.5 | ) |  | — |
Accrued salaries, wages and related expenses |  | — |  |  | 31.5 |  |  | 2.9 |  |  | — |  |  | 34.4 |
Other accrued liabilities |  | 1.5 |  |  | 50.1 |  |  | — |  |  | — |  |  | 51.6 |
Short-term capital lease |  | — |  |  | 0.1 |  |  | — |  |  | — |  |  | 0.1 |
Total current liabilities |  | 76.4 |  |  | 188.7 |  |  | 15.9 |  |  | (117.5 | ) |  | 163.5 |
Net liabilities of Salaried VEBA |  | — |  |  | 16.4 |  |  | — |  |  | — |  |  | 16.4 |
Deferred tax liabilities |  | — |  |  | — |  |  | 0.8 |  |  | — |  |  | 0.8 |
Long-term intercompany payable |  | — |  |  | 10.2 |  |  | — |  |  | (10.2 | ) |  | — |
Long-term liabilities |  | — |  |  | 80.9 |  |  | 5.9 |  |  | — |  |  | 86.8 |
Long-term debt |  | 225.0 |  |  | — |  |  | — |  |  | — |  |  | 225.0 |
Total liabilities |  | 301.4 |  |  | 296.2 |  |  | 22.6 |  |  | (127.7 | ) |  | 492.5 |
Total stockholders’ equity |  | 758.8 |  |  | 1,014.4 |  |  | 32.7 |  |  | (1,047.1 | ) |  | 758.8 |
Total |  | $ | 1,060.2 |  |  | $ | 1,310.6 |  |  | $ | 55.3 |  |  | $ | (1,174.8 | ) |  | $ | 1,251.3 |
CONDENSED CONSOLIDATING BALANCE SHEET (In millions of dollars) December 31, 2014
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 175.3 |  |  | $ | 2.4 |  |  | $ | — |  |  | $ | 177.7 |
Short-term investments |  | — |  |  | 114.0 |  |  | — |  |  | — |  |  | 114.0 |
Receivables: |  |  |  |  |  |  |  |  |  |
Trade receivables — net |  | — |  |  | 126.1 |  |  | 3.2 |  |  | — |  |  | 129.3 |
Intercompany receivables |  | 204.2 |  |  | 4.0 |  |  | 0.9 |  |  | (209.1 | ) |  | — |
Other |  | — |  |  | 5.6 |  |  | 5.3 |  |  | — |  |  | 10.9 |
Inventories |  | — |  |  | 208.0 |  |  | 7.6 |  |  | (0.9 | ) |  | 214.7 |
Prepaid expenses and other current assets |  | 85.1 |  |  | 93.1 |  |  | 0.4 |  |  | — |  |  | 178.6 |
Total current assets |  | 289.3 |  |  | 726.1 |  |  | 19.8 |  |  | (210.0 | ) |  | 825.2 |
Investments in and advances to subsidiaries |  | 1,209.2 |  |  | 32.5 |  |  | — |  |  | (1,241.7 | ) |  | — |
Property, plant and equipment — net |  | — |  |  | 437.4 |  |  | 17.5 |  |  | — |  |  | 454.9 |
Long-term intercompany receivables |  | — |  |  | — |  |  | 15.9 |  |  | (15.9 | ) |  | — |
Net assets of Union VEBA |  | — |  |  | 340.1 |  |  | — |  |  | — |  |  | 340.1 |
Deferred tax assets — net |  | — |  |  | 23.8 |  |  | — |  |  | 7.1 |  |  | 30.9 |
Intangible assets — net |  | — |  |  | 32.1 |  |  | — |  |  | — |  |  | 32.1 |
Goodwill |  | — |  |  | 37.2 |  |  | — |  |  | — |  |  | 37.2 |
Other assets |  | 4.4 |  |  | 18.8 |  |  | 0.1 |  |  | — |  |  | 23.3 |
Total |  | $ | 1,502.9 |  |  | $ | 1,648.0 |  |  | $ | 53.3 |  |  | $ | (1,460.5 | ) |  | $ | 1,743.7 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 1.3 |  |  | $ | 73.8 |  |  | $ | 6.3 |  |  | $ | — |  |  | $ | 81.4 |
Intercompany payable |  | — |  |  | 221.3 |  |  | 3.3 |  |  | (224.6 | ) |  | — |
Accrued salaries, wages and related expenses |  | — |  |  | 36.5 |  |  | 3.1 |  |  | — |  |  | 39.6 |
Other accrued liabilities |  | 88.2 |  |  | 43.8 |  |  | 0.8 |  |  | — |  |  | 132.8 |
Current portion of long-term debt |  | 172.5 |  |  | — |  |  | — |  |  | — |  |  | 172.5 |
Short-term capital lease |  | — |  |  | 0.1 |  |  | — |  |  | — |  |  | 0.1 |
Total current liabilities |  | 262.0 |  |  | 375.5 |  |  | 13.5 |  |  | (224.6 | ) |  | 426.4 |
Net liabilities of Salaried VEBA |  | — |  |  | 17.2 |  |  | — |  |  | — |  |  | 17.2 |
Deferred tax liabilities |  | — |  |  | — |  |  | 0.9 |  |  | — |  |  | 0.9 |
Long-term intercompany payable |  | — |  |  | 15.9 |  |  | — |  |  | (15.9 | ) |  | — |
Long-term liabilities |  | — |  |  | 50.3 |  |  | 8.0 |  |  | — |  |  | 58.3 |
Long-term debt |  | 225.0 |  |  | — |  |  | — |  |  | — |  |  | 225.0 |
Total liabilities |  | 487.0 |  |  | 458.9 |  |  | 22.4 |  |  | (240.5 | ) |  | 727.8 |
Total stockholders’ equity |  | 1,015.9 |  |  | 1,189.1 |  |  | 30.9 |  |  | (1,220.0 | ) |  | 1,015.9 |
Total |  | $ | 1,502.9 |  |  | $ | 1,648.0 |  |  | $ | 53.3 |  |  | $ | (1,460.5 | ) |  | $ | 1,743.7 |
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (In millions of dollars) Quarter Ended June 30, 2015
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales |  | $ | — |  |  | $ | 358.3 |  |  | $ | 33.5 |  |  | $ | (24.6 | ) |  | $ | 367.2 |
Costs and expenses: |  |  |  |  |  |  |  |  |  |
Cost of products sold: |  |  |  |  |  |  |  |  |  |
Cost of products sold, excluding depreciation and amortization and other items |  | — |  |  | 289.4 |  |  | 28.9 |  |  | (23.5 | ) |  | 294.8 |
Unrealized loss on derivative instruments |  | — |  |  | 1.5 |  |  | — |  |  | — |  |  | 1.5 |
Depreciation and amortization |  | — |  |  | 7.8 |  |  | 0.3 |  |  | — |  |  | 8.1 |
Selling, general, administrative, research and development: |  |  |  |  |  |  |  |  |  |
Selling, general, administrative, research and development |  | 1.4 |  |  | 19.5 |  |  | 3.2 |  |  | (0.5 | ) |  | 23.6 |
Net periodic postretirement benefit cost relating to Salaried VEBA |  | — |  |  | 0.6 |  |  | — |  |  | — |  |  | 0.6 |
Loss on removal of Union VEBA net assets |  | — |  |  | 1.6 |  |  | — |  |  | — |  |  | 1.6 |
Total selling, general, administrative, research and development |  | 1.4 |  |  | 21.7 |  |  | 3.2 |  |  | (0.5 | ) |  | 25.8 |
Total costs and expenses |  | 1.4 |  |  | 320.4 |  |  | 32.4 |  |  | (24.0 | ) |  | 330.2 |
Operating (loss) income |  | (1.4 | ) |  | 37.9 |  |  | 1.1 |  |  | (0.6 | ) |  | 37.0 |
Other (expense) income: |  |  |  |  |  |  |  |  |  |
Interest (expense) |  | (4.9 | ) |  | (0.3 | ) |  | — |  |  | — |  |  | (5.2 | )
Other income, net |  | — |  |  | 0.3 |  |  | 0.1 |  |  | — |  |  | 0.4 |
(Loss) income before income taxes |  | (6.3 | ) |  | 37.9 |  |  | 1.2 |  |  | (0.6 | ) |  | 32.2 |
Income tax (provision) benefit |  | — |  |  | (15.8 | ) |  | 1.4 |  |  | 2.4 |  |  | (12.0 | )
Earnings in equity of subsidiaries |  | 26.5 |  |  | 2.1 |  |  | — |  |  | (28.6 | ) |  | — |
Net income |  | $ | 20.2 |  |  | $ | 24.2 |  |  | $ | 2.6 |  |  | $ | (26.8 | ) |  | $ | 20.2 |
Comprehensive income |  | $ | 20.6 |  |  | $ | 24.6 |  |  | $ | 2.6 |  |  | $ | (27.2 | ) |  | $ | 20.6 |
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE (LOSS) INCOME (In millions of dollars) Six Months Ended June 30, 2015
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales |  | $ | — |  |  | $ | 721.7 |  |  | $ | 68.2 |  |  | $ | (51.0 | ) |  | $ | 738.9 |
Costs and expenses: |  |  |  |  |  |  |  |  |  |
Cost of products sold: |  |  |  |  |  |  |  |  |  |
Cost of products sold, excluding depreciation and amortization and other items |  | — |  |  | 585.8 |  |  | 60.5 |  |  | (49.2 | ) |  | 597.1 |
Unrealized gains on derivative instruments |  | — |  |  | 6.0 |  |  | — |  |  | — |  |  | 6.0 |
Depreciation and amortization |  | — |  |  | 15.5 |  |  | 0.6 |  |  | — |  |  | 16.1 |
Selling, general, administrative, research and development: |  |  |  |  |  |  |  |  |  |
Selling, general, administrative, research and development |  | 2.4 |  |  | 40.2 |  |  | 4.8 |  |  | (1.1 | ) |  | 46.3 |
Net periodic postretirement benefit cost relating to VEBAs |  | — |  |  | 1.2 |  |  | — |  |  | — |  |  | 1.2 |
Loss on removal of Union VEBA net assets |  | — |  |  | 493.8 |  |  | — |  |  | — |  |  | 493.8 |
Total selling, general, administrative, research and development |  | 2.4 |  |  | 535.2 |  |  | 4.8 |  |  | (1.1 | ) |  | 541.3 |
Total costs and expenses |  | 2.4 |  |  | 1,142.5 |  |  | 65.9 |  |  | (50.3 | ) |  | 1,160.5 |
Operating (loss) income |  | (2.4 | ) |  | (420.8 | ) |  | 2.3 |  |  | (0.7 | ) |  | (421.6 | )
Other (expense) income: |  |  |  |  |  |  |  |  |  |
Interest (expense) income |  | (14.4 | ) |  | (0.8 | ) |  | — |  |  | 0.2 |  |  | (15.0 | )
Other income (expense), net |  | — |  |  | 0.8 |  |  | 0.2 |  |  | (0.2 | ) |  | 0.8 |
(Loss) income before income taxes |  | (16.8 | ) |  | (420.8 | ) |  | 2.5 |  |  | (0.7 | ) |  | (435.8 | )
Income tax benefit |  | — |  |  | 156.1 |  |  | 1.4 |  |  | 6.3 |  |  | 163.8 |
(Loss) earnings in equity of subsidiaries |  | (255.2 | ) |  | 3.2 |  |  | — |  |  | 252.0 |  |  | — |
Net (loss) income |  | $ | (272.0 | ) |  | $ | (261.5 | ) |  | $ | 3.9 |  |  | $ | 257.6 |  |  | $ | (272.0 | )
Comprehensive (loss) income |  | $ | (204.7 | ) |  | $ | (194.3 | ) |  | $ | 4.0 |  |  | $ | 190.3 |  |  | $ | (204.7 | )
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (In millions of dollars) Quarter Ended June 30, 2014
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales |  | $ | — |  |  | $ | 335.7 |  |  | $ | 34.0 |  |  | $ | (25.6 | ) |  | $ | 344.1 |
Costs and expenses: |  |  |  |  |  |  |  |  |  |
Cost of products sold: |  |  |  |  |  |  |  |  |  |
Cost of products sold, excluding depreciation and amortization and other items |  | — |  |  | 270.8 |  |  | 29.7 |  |  | (25.0 | ) |  | 275.5 |
Unrealized gains on derivative instruments |  | — |  |  | (1.6 | ) |  | — |  |  | — |  |  | (1.6 | )
Depreciation and amortization |  | — |  |  | 7.5 |  |  | 0.2 |  |  | — |  |  | 7.7 |
Selling, general, administrative, research and development: |  |  |  |  |  |  |  |  |  |
Selling, general, administrative, research and development |  | 1.2 |  |  | 18.5 |  |  | 2.9 |  |  | (0.6 | ) |  | 22.0 |
Net periodic postretirement benefit income relating to VEBAs |  | — |  |  | (6.1 | ) |  | — |  |  | — |  |  | (6.1 | )
Total selling, general, administrative, research and development |  | 1.2 |  |  | 12.4 |  |  | 2.9 |  |  | (0.6 | ) |  | 15.9 |
Other operating charges, net |  | — |  |  | 0.2 |  |  | — |  |  | — |  |  | 0.2 |
Total costs and expenses |  | 1.2 |  |  | 289.3 |  |  | 32.8 |  |  | (25.6 | ) |  | 297.7 |
Operating (loss) income |  | (1.2 | ) |  | 46.4 |  |  | 1.2 |  |  | — |  |  | 46.4 |
Other (expense) income: |  |  |  |  |  |  |  |  |  |
Interest expense |  | (9.3 | ) |  | — |  |  | — |  |  | 0.1 |  |  | (9.2 | )
Other income, net |  | 0.4 |  |  | 0.8 |  |  | 0.7 |  |  | (0.1 | ) |  | 1.8 |
(Loss) income before income taxes |  | (10.1 | ) |  | 47.2 |  |  | 1.9 |  |  | — |  |  | 39.0 |
Income tax (provision) benefit |  | — |  |  | (17.8 | ) |  | (0.5 | ) |  | 3.8 |  |  | (14.5 | )
Earnings in equity of subsidiaries |  | 34.6 |  |  | 1.4 |  |  | — |  |  | (36.0 | ) |  | — |
Net income |  | $ | 24.5 |  |  | $ | 30.8 |  |  | $ | 1.4 |  |  | $ | (32.2 | ) |  | $ | 24.5 |
Comprehensive income |  | $ | 26.6 |  |  | $ | 33.0 |  |  | $ | 1.3 |  |  | $ | (34.3 | ) |  | $ | 26.6 |
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (In millions of dollars) Six Months Ended June 30, 2014
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales |  | $ | — |  |  | $ | 662.8 |  |  | $ | 67.1 |  |  | $ | (50.7 | ) |  | $ | 679.2 |
Costs and expenses: |  |  |  |  |  |  |  |  |  |
Cost of products sold: |  |  |  |  |  |  |  |  |  |
Cost of products sold, excluding depreciation and amortization and other items |  | — |  |  | 549.7 |  |  | 58.1 |  |  | (49.4 | ) |  | 558.4 |
Unrealized gains on derivative instruments |  | — |  |  | (3.6 | ) |  | — |  |  | — |  |  | (3.6 | )
Depreciation and amortization |  | — |  |  | 14.6 |  |  | 0.5 |  |  | — |  |  | 15.1 |
Selling, general, administrative, research and development: |  |  |  |  |  |  |  |  |  |
Selling, general, administrative, research and development |  | 2.2 |  |  | 35.1 |  |  | 6.2 |  |  | (1.2 | ) |  | 42.3 |
Net periodic postretirement benefit income relating to VEBAs |  | — |  |  | (11.7 | ) |  | — |  |  | — |  |  | (11.7 | )
Total selling, general, administrative, research and development |  | 2.2 |  |  | 23.4 |  |  | 6.2 |  |  | (1.2 | ) |  | 30.6 |
Other operating charges, net |  | — |  |  | 0.2 |  |  | — |  |  | — |  |  | 0.2 |
Total costs and expenses |  | 2.2 |  |  | 584.3 |  |  | 64.8 |  |  | (50.6 | ) |  | 600.7 |
Operating (loss) income |  | (2.2 | ) |  | 78.5 |  |  | 2.3 |  |  | (0.1 | ) |  | 78.5 |
Other (expense) income: |  |  |  |  |  |  |  |  |  |
Interest (expense) income |  | (18.6 | ) |  | 0.4 |  |  | — |  |  | 0.2 |  |  | (18.0 | )
Other income, net |  | 1.4 |  |  | 2.0 |  |  | 0.5 |  |  | (0.2 | ) |  | 3.7 |
(Loss) income before income taxes |  | (19.4 | ) |  | 80.9 |  |  | 2.8 |  |  | (0.1 | ) |  | 64.2 |
Income tax (provision) benefit |  | — |  |  | (30.4 | ) |  | (0.8 | ) |  | 7.3 |  |  | (23.9 | )
Earnings in equity of subsidiaries |  | 59.7 |  |  | 1.8 |  |  | — |  |  | (61.5 | ) |  | — |
Net income |  | $ | 40.3 |  |  | $ | 52.3 |  |  | $ | 2.0 |  |  | $ | (54.3 | ) |  | $ | 40.3 |
Comprehensive income |  | $ | 43.3 |  |  | $ | 55.2 |  |  | $ | 2.1 |  |  | $ | (57.3 | ) |  | $ | 43.3 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (In millions of dollars) Six Months Ended June 30, 2015
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |
Net cash provided by (used in) operating activities |  | $ | 233.4 |  |  | $ | (190.1 | ) |  | $ | 5.0 |  |  | $ | — |  |  | $ | 48.3 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (14.3 | ) |  | (8.6 | ) |  | — |  |  | (22.9 | )
Purchase of available for sale securities |  | — |  |  | (0.5 | ) |  | — |  |  | — |  |  | (0.5 | )
Proceeds from disposition of available for sale securities |  | — |  |  | 84.0 |  |  | — |  |  | — |  |  | 84.0 |
Net cash provided by (used in) investing activities |  | — |  |  | 69.2 |  |  | (8.6 | ) |  | — |  |  | 60.6 |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |
Repayment of Convertible Notes |  | (175.0 | ) |  | — |  |  | — |  |  | — |  |  | (175.0 | )
Proceeds from cash-settled call options related to repayment of Convertible Notes |  | 94.9 |  |  | — |  |  | — |  |  | — |  |  | 94.9 |
Payment for conversion premium related to repayment of Convertible Notes |  | (94.9 | ) |  | — |  |  | — |  |  | — |  |  | (94.9 | )
Excess tax benefit upon vesting of non-vested shares and dividend payment on unvested shares expected to vest |  | — |  |  | 1.1 |  |  | — |  |  | — |  |  | 1.1 |
Cancellation of shares to cover employees’ tax withholdings upon vesting of non-vested shares |  | (3.0 | ) |  | — |  |  | — |  |  | — |  |  | (3.0 | )
Repurchase of common stock |  | (41.4 | ) |  | — |  |  | — |  |  | — |  |  | (41.4 | )
Cash dividend paid to stockholders |  | (14.0 | ) |  | — |  |  | — |  |  | — |  |  | (14.0 | )
Intercompany loan |  | — |  |  | (5.7 | ) |  | 5.7 |  |  | — |  |  | — |
Net cash (used in) provided by financing activities |  | (233.4 | ) |  | (4.6 | ) |  | 5.7 |  |  | — |  |  | (232.3 | )
Net (decrease) increase in cash and cash equivalents during the period |  | — |  |  | (125.5 | ) |  | 2.1 |  |  | — |  |  | (123.4 | )
Cash and cash equivalents at beginning of period |  | — |  |  | 175.3 |  |  | 2.4 |  |  | — |  |  | 177.7 |
Cash and cash equivalents at end of period |  | $ | — |  |  | $ | 49.8 |  |  | $ | 4.5 |  |  | $ | — |  |  | $ | 54.3 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (In millions of dollars) Six Months Ended June 30, 2014
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |
Net cash provided by operating activities |  | $ | 7.6 |  |  | $ | 56.9 |  |  | $ | 6.8 |  |  | $ | — |  |  | $ | 71.3 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (29.4 | ) |  | (0.7 | ) |  | — |  |  | (30.1 | )
Purchase of available for sale securities |  | — |  |  | (23.4 | ) |  | — |  |  | — |  |  | (23.4 | )
Proceeds from disposition of available for sale securities |  | — |  |  | 25.0 |  |  | — |  |  | — |  |  | 25.0 |
Net cash used in investing activities |  | — |  |  | (27.8 | ) |  | (0.7 | ) |  | — |  |  | (28.5 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |
Excess tax benefit upon vesting of non-vested shares and dividend payment on unvested shares expected to vest |  | — |  |  | 0.8 |  |  | — |  |  | — |  |  | 0.8 |
Cancellation of shares to cover employees’ tax withholdings upon vesting of non-vested shares |  | (2.4 | ) |  | — |  |  | — |  |  | — |  |  | (2.4 | )
Repurchase of common stock |  | (23.7 | ) |  | — |  |  | — |  |  | — |  |  | (23.7 | )
Cash dividend paid to stockholders |  | (12.8 | ) |  | — |  |  | — |  |  | — |  |  | (12.8 | )
Intercompany loan |  | 31.3 |  |  | (22.9 | ) |  | (8.4 | ) |  | — |  |  | — |
Net cash used in financing activities |  | (7.6 | ) |  | (22.1 | ) |  | (8.4 | ) |  | — |  |  | (38.1 | )
Net increase (decrease) in cash and cash equivalents during the period |  | — |  |  | 7.0 |  |  | (2.3 | ) |  | — |  |  | 4.7 |
Cash and cash equivalents at beginning of period |  | 5.0 |  |  | 157.7 |  |  | 6.8 |  |  | — |  |  | 169.5 |
Cash and cash equivalents at end of period |  | $ | 5.0 |  |  | $ | 164.7 |  |  | $ | 4.5 |  |  | $ | — |  |  | $ | 174.2 |

X
- Definition Guarantor and Non-Guarantor Financial Statement [Abstract] + References No definition available. + Details
Name: | kalu_GuarantorAndNonGuarantorFinancialStatementAbstract
Namespace Prefix: | kalu_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed financial statements, including, but not limited to, the balance sheet, income statement, and statement of cash flows. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedFinancialStatementsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration