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Statements of Consolidated Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Net sales $ 334.9 $ 367.2 $ 678.1 $ 738.9
Cost of products sold:        
Cost of products sold, excluding depreciation and amortization and other items 250.4 294.8 512.4 597.1
Lower of cost or market inventory write-down 0.0 0.0 4.9 0.0
Unrealized (gain) loss on derivative instruments (10.9) 1.5 (14.9) 6.0
Depreciation and amortization 9.0 8.1 17.7 16.1
Selling, general, administrative, research and development 27.5 23.6 53.6 46.3
Net periodic postretirement benefit cost relating to Salaried VEBA 0.9 0.6 1.7 1.2
Loss (gain) on removal of Union VEBA net assets 0.0 1.6 (0.1) 493.8
Total selling, general, administrative, research and development 28.4 25.8 55.2 541.3
Other operating charges, net 0.1 0.0 0.1 0.0
Total costs and expenses 277.0 330.2 575.4 1,160.5
Operating income (loss) 57.9 37.0 102.7 (421.6)
Other (expense) income:        
Interest expense (5.5) (5.2) (9.2) (15.0)
Other (expense) income, net (10.7) 0.4 (10.4) 0.8
Income (loss) before income taxes 41.7 32.2 83.1 (435.8)
Income tax (provision) benefit (15.7) (12.0) (30.8) 163.8
Net income (loss) $ 26.0 $ 20.2 $ 52.3 $ (272.0)
Net income (loss) per common share:        
Basic (in dollars per share) $ 1.45 $ 1.19 $ 2.92 $ (15.78)
Diluted (in dollars per share) $ 1.43 $ 1.11 $ 2.87 $ (15.78)
Weighted-average number of common shares outstanding (in thousands):        
Basic (shares) 17,871 17,006 17,867 17,233
Diluted (shares) 18,194 18,192 18,194 17,233
Cash dividends declared (in dollars per share) $ 0.45 $ 0.40 $ 0.90 $ 0.80