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Condensed Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities    
Net (loss) income $ (936.9) $ 65.9
Adjustments to reconcile net (loss) income to net cash and cash equivalents provided by (used for) operating activities:    
Goodwill impairment 699.8 0.0
Gain on disposition of non-consolidated affiliate 0.0 (11.2)
Stock-based compensation 7.1 8.9
Depreciation and amortization 425.1 460.3
Deferred income taxes (61.6) (11.0)
Qualified pension plan contributions (1.3) (13.2)
Qualified pension plan income (8.7) (6.9)
Change in:    
Receivables 57.0 (77.4)
Income taxes receivable/payable (14.0) (24.1)
Inventories 90.5 2.5
Other current assets (7.2) 4.9
Accounts payable and accrued liabilities 52.9 14.2
Other assets (4.1) (4.8)
Other noncurrent liabilities 0.9 12.9
Other operating activities 5.8 (4.4)
Net operating activities 305.3 416.6
Investing Activities    
Capital expenditures (223.3) (271.8)
Payments under ethylene long-term supply contracts (461.0) 0.0
Payments under other long-term supply contracts (75.8) 0.0
Proceeds from disposition of non-consolidated affiliate 0.0 20.0
Net investing activities (760.1) (251.8)
Long-term debt:    
Borrowings 1,212.5 825.0
Repayments (591.8) (744.1)
Common stock repurchased and retired 0.0 (135.6)
Stock options exercised 0.5 1.5
Dividends paid (94.7) (98.5)
Debt issuance costs (9.9) (14.4)
Net financing activities 516.6 (166.1)
Effect of exchange rate changes on cash and cash equivalents 0.0 (0.1)
Net increase (decrease) in cash and cash equivalents 61.8 (1.4)
Cash and cash equivalents, beginning of year 220.9 178.8
Cash and cash equivalents, end of period 282.7 177.4
Cash paid for interest and income taxes:    
Interest, net 179.3 135.2
Income taxes, net of refunds (2.5) 47.6
Non-cash investing activities:    
Decrease (increase) in capital expenditures included in accounts payable and accrued liabilities $ 46.2 $ (4.6)