v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net loss $ (235.5) $ (184.5)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 88.6 95.8
Amortization of deferred financing fees and issuance discount (premium) 4.9 5.5
Deferred income tax   1.1
Share-based compensation expense 0.7 7.7
Earnings of unconsolidated affiliate, net of dividends (3.3) (1.4)
Unrealized net (gain) loss on foreign exchange forward contracts (1.7) 13.8
Unrealized net loss on commodity economic swap contracts 1.3 5.4
Pension curtailment and settlement gain (0.7) (0.8)
Loss on extinguishment of long-term debt   0.2
Non-cash reorganization items, net 18.0  
Changes in assets and liabilities    
Accounts receivable (112.6) (27.8)
Inventories (79.6) (8.1)
Accounts payable and other current liabilities 29.1 1.6
Income taxes payable 0.6 0.6
Other assets, net (60.9) 22.2
Other liabilities, net 2.9 (34.7)
Cash used in operating activities (348.2) (103.4)
Cash flows from investing activities    
Capital expenditures (21.3) (18.5)
Proceeds from the sale of other assets 4.8  
Cash used in investing activities (16.5) (18.5)
Cash flows from financing activities    
Payments for debt issuance and extinguishment costs (10.8) (19.8)
Short-term borrowings, net (1.0) (2.3)
Cash paid for dividends and dividend equivalent units (0.5) (0.9)
Withholding taxes paid on restricted share units (0.2) (0.2)
Net proceeds from issuance of 2028 Refinance Term Loans   115.0
Repayments of 2025 Senior Notes   (115.0)
Repurchases and repayments of long-term debt (3.0) (9.6)
Proceeds from Accounts Receivable Securitization Facility 171.4 130.0
Repayments of Accounts Receivable Securitization Facility (144.7) (55.0)
Proceeds from Revolving Facility 304.6 50.0
Repayments of Revolving Facility (41.2) (50.0)
Borrowing under the DIP Facility 142.5  
Cash provided by financing activities 417.1 42.2
Effect of exchange rates on cash (3.0) 7.0
Net change in cash, cash equivalents, and restricted cash 49.4 (72.7)
Cash, cash equivalents, and restricted cash-beginning of period 149.0 211.9
Cash, cash equivalents, and restricted cash-end of period 198.4 139.2
Less: Restricted cash (included within "Other Current Assets") 17.0 2.2
Cash and cash equivalents-end of period $ 181.4 $ 137.0