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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Activities      
Net (loss) income $ (969.9) $ (11.3) $ 327.9
Adjustments to reconcile net (loss) income to net cash and cash equivalents provided by (used for) operating activities:      
Goodwill impairment 699.8 0.0 0.0
Gain on disposition of non-consolidated affiliate 0.0 (11.2) 0.0
Losses of non-consolidated affiliates 0.0 0.0 19.7
Losses on disposition of property, plant and equipment 0.0 0.0 2.0
Stock-based compensation 13.6 10.7 12.0
Depreciation and amortization 568.4 597.4 601.4
Deferred income taxes (18.4) (45.5) 35.6
Write-off of equipment and facility included in restructuring charges 0.0 58.9 2.6
Qualified pension plan contributions (2.1) (14.9) (2.6)
Qualified pension plan income 11.4 9.3 15.0
Change in assets and liabilities:      
Receivables (0.3) 12.3 (46.3)
Income taxes receivable/payable (11.2) (10.7) 24.5
Inventories 28.6 13.0 (35.5)
Other current assets (24.8) 7.4 0.2
Accounts payable and accrued liabilities 149.3 (11.0) (14.5)
Other assets (18.6) (1.3) (2.6)
Other noncurrent liabilities 12.8 30.5 4.3
Other operating activities 2.6 2.3 (5.9)
Net operating activities 418.4 617.3 907.8
Investing Activities      
Capital expenditures (298.9) (385.6) (385.2)
Payments under ethylene long-term supply contracts 461.0 0.0 0.0
Payments under other long-term supply contracts (75.8) 0.0 0.0
Proceeds from disposition of property, plant and equipment 0.0 0.0 2.9
Proceeds from disposition of non-consolidated affiliate 0.0 20.0 0.0
Net investing activities (835.7) (365.6) (382.3)
Long-term debt:      
Borrowings 1,827.5 825.0 570.0
Repayments 1,307.2 744.2 946.1
Common stock repurchased and retired 0.0 (145.9) (50.0)
Stock options exercised 1.9 1.7 3.4
Dividends paid (126.3) (129.3) (133.6)
Debt issuance costs (10.3) (16.6) (8.5)
Net financing activities 385.6 (209.3) (564.8)
Effect of exchange rate changes on cash and cash equivalents 0.5 (0.3) (0.3)
Net (decrease) increase in cash and cash equivalents (31.2) 42.1 (39.6)
Cash and cash equivalents, beginning of year 220.9 178.8 218.4
Cash and cash equivalents, end of year 189.7 220.9 178.8
Cash paid (received) for interest and income taxes:      
Interest, net 286.4 198.3 208.8
Income taxes, net of refunds $ (9.6) $ 36.3 $ 52.9