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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating    
Net income (loss) $ (12.2) $ 13.4
Non-cash items included in net income (loss):    
Depreciation and amortization 84.8 47.5
Amortization of deferred issuance costs 3.7 3.4
Impairments 0.0 12.9
Deferred income tax (9.2) (5.1)
Pension and other postretirement benefits (5.5) (0.4)
Stock-based compensation 6.7 7.0
Income from equity affiliates (0.2) (3.8)
Brazil tax assessment and settlements, net 0.0 (2.2)
Gain on sale of assets 0.0 (2.9)
Cash dividends received from equity affiliates 0.0 1.1
Loss (gain) on foreign currency transactions 3.3 (10.7)
Other non-cash items (7.4) (2.8)
Cash received from settlement of interest swap agreements 0.0 23.6
Other operating (2.1) 0.0
Changes in operating working capital, net of assets acquired:    
Accounts receivable (8.0) (48.0)
Inventories 15.1 (30.3)
Prepaid expenses (6.8) (5.1)
Accounts payable and other current liabilities (39.0) 25.8
Accrued income taxes (3.7) (5.4)
Net changes in operating working capital (42.4) (63.0)
Net cash provided by operations 19.5 18.0
Investing    
Capital spending (42.0) (17.8)
Capitalized software costs (0.5) (1.6)
Cash received from settlement of cross-currency swap contracts 0.0 35.8
Other investing 3.0 1.6
Net cash provided by (used in) investing (39.5) 18.0
Financing    
Cash dividends paid (44.3) (28.1)
Proceeds from long-term debt 115.1 40.0
Payments on long-term debt (65.3) (47.6)
Payments for debt issuance costs 0.0 (12.5)
Payments on financing lease obligations (0.5) (0.3)
Purchases of common stock (2.8) (3.0)
Other financing (0.2) 0.0
Net cash provided by (used in) financing 2.0 (51.5)
Effect of exchange rate changes on cash and cash equivalents 1.2 (2.9)
Decrease in cash and cash equivalents (16.8) (18.4)
Cash and cash equivalents at beginning of period 124.4 74.7
Cash and cash equivalents at end of period 107.6 56.3
Supplemental Cash Flow Disclosures    
Cash paid for interest, net 65.8 28.8
Cash paid for taxes, net 19.3 16.9
Capital spending in accounts payable and accrued liabilities $ 7.2 $ 3.3