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Condensed Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities    
Net income $ 47.8 $ 154.0
Adjustments to reconcile net income to net cash and cash equivalents provided by (used for) operating activities:    
Depreciation and amortization 129.7 137.1
Stock-based compensation 4.4 3.7
Write-off of equipment and facility included in restructuring charges 0.0 12.8
Deferred income taxes (13.9) (11.0)
Qualified pension plan contributions (0.3) (0.8)
Qualified pension plan income (6.0) (5.1)
Change in:    
Receivables (37.5) (4.5)
Income taxes receivable/payable 9.6 (11.9)
Inventories 31.2 (146.0)
Other current assets 3.6 (15.9)
Accounts payable and accrued liabilities (95.9) (66.1)
Other assets (0.7) (10.5)
Other noncurrent liabilities 5.7 6.0
Other operating activities 3.3 (4.3)
Net operating activities 81.0 37.5
Investing Activities    
Capital expenditures (44.3) (61.4)
Payments under other long-term supply contracts (28.5) (9.3)
Other investing activities (1.9) (0.4)
Net investing activities (74.7) (71.1)
Long-term debt:    
Borrowings 217.0 290.0
Repayments (122.3) (97.4)
Common stock repurchased and retired (105.4) (206.1)
Stock options exercised 19.8 11.2
Employee taxes paid for share-based payment arrangements (10.5) 0.0
Dividends paid (23.9) (26.2)
Contributions received from noncontrolling interests 0.0 44.1
Net financing activities (25.3) 15.6
Effect of exchange rate changes on cash and cash equivalents (0.4) 0.0
Net decrease in cash and cash equivalents (19.4) (18.0)
Cash and cash equivalents, beginning of year 170.3 194.0
Cash and cash equivalents, end of period 150.9 176.0
Cash paid for interest and income taxes:    
Interest, net 62.9 60.7
Income taxes, net of refunds 15.8 52.8
Non-cash investing activities:    
Decrease in capital expenditures included in accounts payable and accrued liabilities $ 9.6 $ 9.8