XML 19 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities    
Net income (loss) $ (21.4) $ 61.3
Adjustments to reconcile net (loss) income to net cash and cash equivalents provided by (used for) operating activities:    
Earnings of non-consolidated affiliates (1.1) (1.3)
Losses (gains) on disposition of property, plant and equipment 0.6 (23.6)
Stock-based compensation 6.1 5.5
Depreciation and amortization 397.4 104.9
Deferred income taxes (34.8) (11.5)
Write-off of equipment and facility included in restructuring charges 76.6 0.0
Qualified pension plan contributions (7.1) (0.5)
Qualified pension plan income (27.8) (21.0)
Change in:    
Receivables 18.2 (37.3)
Income taxes receivable/payable (7.8) 31.8
Inventories 46.1 (22.4)
Other current assets 22.7 (2.7)
Accounts payable and accrued liabilities (54.1) 11.1
Other assets 0.5 25.7
Other noncurrent liabilities (7.5) (5.4)
Other operating activities 0.5 0.5
Net operating activities 407.1 115.1
Investing Activities    
Capital expenditures (199.4) (79.7)
Business acquired in purchase transaction, net of cash acquired (69.5) 0.0
Payments under long-term supply contract (175.7) 0.0
Proceeds from sale/leaseback of equipment 40.4 0.0
Proceeds from disposition of property, plant and equipment 0.4 24.8
Proceeds from disposition of affiliated companies 6.6 6.6
Other investing activities 0.0 (2.8)
Net investing activities (397.2) (51.1)
Financing Activities    
Long-term debt repayments (176.1) (3.2)
Stock options exercised 0.4 2.2
Excess tax benefits from stock-based compensation 0.0 0.4
Dividends paid (99.1) (46.5)
Debt and equity issuance costs 0.8 19.7
Net financing activities (275.6) (66.8)
Effect of exchange rate changes on cash and cash equivalents 0.7 0.0
Net decrease in cash and cash equivalents (265.0) (2.8)
Cash and cash equivalents, beginning of period 392.0 256.8
Cash and cash equivalents, end of period 127.0 254.0
Cash paid for interest and income taxes:    
Interest 126.9 18.8
Income taxes, net of refunds 16.3 5.4
Non-cash investing activities:    
Capital expenditures included in accounts payable and accrued liabilities $ (3.2) $ 1.7