v3.25.3
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating Activities    
Net income $ 42.1 $ 94.9
Adjustments to reconcile net income to net cash and cash equivalents provided by (used for) operating activities:    
Depreciation and amortization 395.9 388.9
Losses of non-consolidated affiliates 2.4 0.0
Stock-based compensation 15.6 11.8
Deferred income taxes (54.1) (43.7)
Qualified pension plan contributions (0.6) (0.9)
Qualified pension plan income (13.5) (17.5)
Change in assets and liabilities:    
Receivables (33.1) 5.1
Income taxes receivable/payable (196.0) (21.5)
Inventories (100.1) 32.8
Other current assets (7.4) 2.1
Accounts payable and accrued liabilities 71.7 (77.2)
Other assets 6.6 (24.9)
Other noncurrent liabilities 25.2 6.2
Other operating activities (1.7) 5.4
Net operating activities 153.0 361.5
Investing Activities    
Capital expenditures (163.5) (144.1)
Business acquired in purchase transaction, net of cash acquired (55.8) 0.0
Payments under other long-term supply contracts 0.0 (58.6)
Investments in non-consolidated affiliates 1.6 0.0
Other investing activities (4.7) (4.3)
Net investing activities (225.6) (207.0)
Long-term debt:    
Borrowings 2,485.0 587.4
Repayments (2,329.2) (370.7)
Common stock repurchased and retired (40.4) (256.8)
Stock options exercised 2.1 22.6
Employee taxes paid for share-based payment arrangements 0.0 (10.5)
Dividends paid (68.8) (70.9)
Debt issuance costs (12.0) 0.0
Net financing activities 36.7 (98.9)
Effect of exchange rate changes on cash and cash equivalents 0.6 0.0
Net (decrease) increase in cash and cash equivalents (35.3) 55.6
Cash and cash equivalents, beginning of year 175.6 170.3
Cash and cash equivalents, end of period 140.3 225.9
Cash paid for interest and income taxes:    
Interest, net 137.1 156.5
Income taxes, net of refunds 168.3 95.6
Non-cash investing activities:    
Decrease in capital expenditures included in accounts payable and accrued liabilities $ 29.3 $ 20.5