v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating    
Net loss $ (8.1) $ (435.0)
Adjustments to reconcile Net loss to Net cash provided by operations:    
Depreciation and amortization 69.5 71.5
Amortization of deferred issuance costs 3.4 4.1
Goodwill and other impairments 0.1 417.2
Deferred income tax 0.9 (14.2)
Stock-based compensation 3.6 6.2
Loss on debt extinguishment 8.7 0.0
Other items, net (6.6) (1.9)
Changes in operating working capital:    
Accounts receivable (31.7) (40.9)
Inventories (14.7) 22.2
Prepaid expenses (2.7) (3.8)
Accounts payable and other current liabilities 39.0 15.8
Accrued income taxes 7.5 0.5
Net changes in operating working capital (2.6) (6.2)
Net cash provided by operations 68.9 41.7
Investing    
Capital spending (15.9) (22.6)
Proceeds from sale of assets 0.0 1.7
Cash received from settlement of cross-currency swap contracts 0.0 3.4
Other investing 0.1 (0.1)
Net cash used in investing (15.8) (17.6)
Financing    
Cash dividends paid (11.5) (11.4)
Proceeds from long-term debt 693.7 64.0
Payments on long-term debt (716.9) (67.4)
Payments for debt issuance costs (32.6) 0.0
Payments on financing lease obligations (1.4) (1.4)
Shares withheld for employee taxes (2.1) (1.3)
Net cash used in financing (70.8) (17.5)
Effect of exchange rate changes on Cash and cash equivalents and Restricted cash (1.3) 5.1
Increase (decrease) in Cash and cash equivalents and Restricted cash (19.0) 11.7
Cash and cash equivalents and Restricted cash at beginning of period 89.8 94.3
Cash and cash equivalents and Restricted cash at end of period 70.8 106.0
Supplemental Cash Flow Disclosures    
Cash paid for interest, net 40.2 42.4
Cash paid (received) for taxes, net (2.4) 2.8
Capital spending in Accounts payable and Accrued expenses and other current liabilities $ 3.4 $ 2.6