XML 27 R10.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating      
Net loss $ (48.7) $ (309.5) $ (6.6)
Less: Income from discontinued operations 0.0 (198.2) (62.3)
Loss from continuing operations (48.7) (507.7) (68.9)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 143.8 147.8 109.9
Amortization of deferred issuance costs 7.8 7.6 6.4
Goodwill Impairment 0.0 401.0 0.0
Other impairments 16.2 18.2 13.8
Deferred income tax (34.3) 23.8 (28.9)
Pension and other postretirement benefits (5.9) (8.3) (6.5)
Stock-based compensation 11.4 10.5 20.4
Loss (gain) on sale of assets 5.5 0.0 (2.9)
Loss (gain) on foreign currency transactions (1.2) 4.8 (7.5)
Loss on debt extinguishment 7.3 0.0 0.0
Other non-cash items (4.8) (12.7) 2.1
Cash received from settlement of interest swap agreements 0.0 16.4 23.6
Other operating (2.4) (5.0) 0.0
Changes in operating working capital, net of assets acquired:      
Accounts receivable 6.3 2.0 157.1
Inventories (26.0) 52.2 (62.9)
Prepaid expenses 2.2 (0.2) (0.2)
Accounts payable and other current liabilities 20.6 (64.4) (15.3)
Accrued income taxes (3.0) (9.4) (15.6)
Net changes in operating working capital 0.1 (19.8) 63.1
Continuing operations 94.8 76.6 124.6
Discontinued operations 0.0 30.0 77.6
Net cash provided by operations 94.8 106.6 202.2
Investing      
Capital spending (55.0) (66.0) (45.6)
Capitalized software costs (0.6) (0.4) (2.6)
Acquisitions, net of cash acquired 0.0 0.0 (462.5)
Proceeds from sale of assets 5.8 0.0 7.5
Cash (paid) received from settlement of cross-currency swap contracts (1.7) 0.0 35.8
Other investing 6.8 5.0 (1.9)
Continuing operations (44.7) (61.4) (469.3)
Discontinued operations (12.0) 608.6 (12.0)
Net cash provided by (used in) investing (56.7) 547.2 (481.3)
Financing      
Cash dividends paid (21.6) (55.3) (72.2)
Proceeds from long-term debt 531.0 241.0 774.9
Payments on long-term debt (554.7) (834.6) (340.6)
Payments for debt issuance costs (8.3) (1.5) (22.1)
Payments on financing lease obligations (1.5) (1.0) (0.6)
Purchases of common stock and shares withheld for employee taxes (0.8) (10.6) (6.9)
Continuing operations (55.9) (662.0) 332.5
Discontinued operations 0.0 (0.9) (1.0)
Net cash provided by (used in) financing (55.9) (662.9) 331.5
Effect of exchange rate changes on cash and cash equivalents (8.1) 4.9 (2.7)
Increase (decrease) in cash and cash equivalents (25.9) (4.2) 49.7
Cash and cash equivalents at beginning of period 120.2 124.4 74.7
Cash and cash equivalents at end of period 94.3 120.2 124.4
Cash and cash equivalents 94.3 120.2 101.1
Cash and cash equivalents included in current assets held for sale of discontinued operations 0.0 0.0 23.3
Cash and cash equivalents at end of period 94.3 120.2 124.4
Supplemental Cash Flow Disclosures      
Cash paid for interest, net 90.8 121.4 84.6
Cash paid for taxes, net 14.9 37.5 26.0
Capital spending in accounts payable and accrued liabilities 6.7 10.1 14.6
Merger non-cash consideration $ 0.0 $ 0.0 $ 537.9