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STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income (loss) $ 47.2 $ (29.6) $ (18.5)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation of property, plant and equipment 103.3 97.6 82.5
Amortization of definite-lived intangible assets 5.3 9.3 9.0
Amortization of debt premium and debt issuance costs 2.2 2.3 2.1
Deferred income taxes 7.5 (12.0) (11.4)
Non-cash equity compensation 16.1 14.3 12.9
Non-cash asset impairment charges   23.7  
Loss on extinguishment of debt     35.9
Gain on disposition of property, plant and equipment (13.8) (6.0) (0.5)
Gain on reimbursement on certain machinery and equipment - Note 13   (6.0)  
Non-cash defined benefit net periodic postretirement benefit cost 13.4 13.1 9.4
Changes in operating assets and liabilities, net of effects of acquisition:      
Trade and other receivables 33.1 15.0 (90.3)
Contract assets 0.1 4.6 (27.1)
Inventories 48.2 (120.8) (43.5)
Prepaid expenses and other current assets (2.8) (1.5) (0.9)
Accounts payable (43.0) (61.2) 112.5
Accrued liabilities 6.6 4.4 17.3
Annual variable cash contributions to Salaried VEBA     (1.7)
Long-term assets and liabilities, net (11.5) (10.3) (8.3)
Net cash provided by (used in) operating activities 211.9 (63.1) 79.4
Cash flows from investing activities:      
Capital expenditures (143.2) (142.5) (58.0)
Purchase of equity securities (0.3) (0.3) (0.4)
Proceeds from sale of equity securities 0.1    
Cash payment for acquisition of Warrick, net of cash received – Note 4     (609.2)
Proceeds from reimbursement on certain machinery and equipment - Note 13   6.0  
Proceeds from disposition of property, plant and equipment 15.2 11.0 1.8
Net cash used in investing activities (128.2) (125.8) (665.8)
Cash flows from financing activities:      
Borrowings under the Revolving Credit Facility 215.1    
Repayment of borrowings under the Revolving Credit Facility (215.1)    
Cash paid for debt issuance costs   (1.8) (8.6)
Repayment of finance lease (2.1) (2.1) (2.1)
Cancellation of shares to cover tax withholdings upon common shares issued (1.8) (2.8) (2.6)
Cash dividends and dividend equivalents paid (50.4) (50.1) (46.7)
Net cash (used in) provided by financing activities (54.3) (56.8) 109.1
Net increase (decrease) in cash, cash equivalents and restricted cash during the period 29.4 (245.7) (477.3)
Cash, cash equivalents and restricted cash at beginning of period 71.3 317.0 794.3
Cash, cash equivalents and restricted cash at end of period $ 100.7 $ 71.3 317.0
6.50% Senior Notes      
Cash flows from financing activities:      
Repayment of principal and redemption premium of Senior Notes     (380.9)
4.50% Senior Notes      
Cash flows from financing activities:      
Issuance of Senior Notes     $ 550.0