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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities:    
Net income $ 23.6 $ 16.3
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 37.3 38.7
Deferred taxes 8.3 1.6
Net (gains) losses from disposal of property, plant and equipment (2.5) 0.8
Changes in operating assets and liabilities:    
Inventories (25.8) (43.3)
Accounts receivable (39.2) (37.3)
Accounts payable (96.5) (43.5)
Retirement benefits (23.0) (18.4)
Accrued liabilities and other 2.4 (44.9)
Cash used in operating activities (115.4) (130.0)
Investing Activities:    
Purchases of property, plant and equipment (29.1) (23.5)
Proceeds from disposal of property, plant and equipment 2.9 0.0
Other 1.0 (0.1)
Cash used in investing activities (25.2) (23.6)
Financing Activities:    
Payments on long-term debt and finance leases (2.0) (1.5)
Net borrowings (repayments) under credit facilities 298.6 0.0
Shares repurchased for income tax withholding on share-based compensation and other (7.8) (9.9)
Cash provided by (used in) financing activities 288.8 (11.4)
Increase (decrease) in cash and cash equivalents    
Increase (decrease) in cash and cash equivalents 148.2 (165.0)
Cash and cash equivalents at beginning of period 490.8 382.0
Cash and cash equivalents at end of period $ 639.0 $ 217.0