v3.26.1
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net loss $ (96.3) $ (1.6)
Adjustments to reconcile net loss to net cash and cash equivalents provided by (used for) operating activities:    
Depreciation and amortization 239.3 262.1
Losses of non-consolidated affiliates 2.4 1.4
Stock-based compensation 10.8 10.2
Deferred income taxes (4.0) (49.5)
Qualified pension plan contributions (0.6) (0.6)
Qualified pension plan income (5.4) (9.2)
Change in assets and liabilities:    
Receivables (149.0) (34.1)
Income taxes receivable/payable 2.3 (124.3)
Inventories (65.9) (51.8)
Other current assets (12.9) (10.4)
Accounts payable and accrued liabilities 42.5 108.2
Other assets (1.1) (1.4)
Other noncurrent liabilities (0.5) 27.3
Other operating activities (2.3) 0.0
Net operating activities (40.7) 126.3
Investing Activities    
Capital expenditures (72.7) (92.4)
Business acquired in purchase transaction, net of cash acquired 0.0 (55.8)
Investments in non-consolidated affiliates (1.9) (0.8)
Other investing activities (1.0) (3.3)
Net investing activities (75.6) (152.3)
Long-term debt:    
Borrowings 576.6 2,330.0
Repayments (374.3) (2,170.2)
Common stock repurchased and retired 0.0 (30.3)
Stock options exercised 3.0 1.9
Dividends paid (45.6) (46.0)
Distributions to noncontrolling interests (31.3) 0.0
Debt issuance costs (2.1) (12.0)
Net financing activities 126.3 73.4
Effect of exchange rate changes on cash and cash equivalents (0.2) 0.8
Net increase in cash and cash equivalents 9.8 48.2
Cash and cash equivalents, beginning of year 167.6 175.6
Cash and cash equivalents, end of period 177.4 223.8
Cash paid for interest and income taxes:    
Interest, net 79.1 85.9
Income taxes, net of refunds 0.9 144.2
Non-cash investing activities:    
Decrease (increase) in capital expenditures included in accounts payable and accrued liabilities $ (1.0) $ 1.9