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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities:      
Net income (loss) $ (16.2) $ (1,559.6) $ 265.0
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 143.9 143.3 151.1
Deferred taxes 1.0 69.9 (40.9)
Impairment of goodwill 0.0 287.0 0.0
Debt extinguishment charge 65.5 21.5 21.6
Gain from disposal of property, plant and equipment, net (2.9) (2.9) (90.6)
Net loss (gain) from sales of businesses (13.8) 0.0 7.1
Non-cash restructuring charges 0.0 1,041.5 0.0
Non-cash joint venture impairment charge 0.0 0.0 11.4
Change in operating assets and liabilities:      
Retirement benefits (110.7) (91.9) (103.3)
Accounts receivable (126.0) 208.4 (52.1)
Inventories (53.9) 158.2 25.2
Accounts payable 88.5 (230.5) 30.1
Accrued income taxes (2.6) 2.4 4.9
Accrued liabilities and other 43.3 119.6 0.6
Cash provided by operating activities 16.1 166.9 230.1
Investing Activities:      
Purchases of property, plant and equipment (152.6) (136.5) (168.2)
Proceeds from disposal of property, plant and equipment 20.8 5.9 92.0
Proceeds from sale of businesses, net of transaction costs 53.1 0.0 158.1
Other 1.4 1.9 (0.2)
Cash provided by (used in) investing activities (77.3) (128.7) 81.7
Financing Activities:      
Borrowings on long-term debt 675.7 391.4 350.0
Payments on long-term debt and finance leases (515.6) (212.1) (507.6)
Net borrowings under credit facilities 21.7 0.2 4.9
Purchase of convertible note capped call 0.0 (19.4) 0.0
Debt issuance costs (9.5) (9.1) (5.5)
Debt extinguishment charge (64.5) (19.1) (20.9)
Dividends paid to noncontrolling interests 0.0 (7.2) (14.0)
Shares repurchased for income tax withholding on share-based compensation (4.8) (7.8) (9.9)
Cash provided by (used in) financing activities 103.0 116.9 (203.0)
Increase in cash and cash equivalents 41.8 155.1 108.8
Cash and cash equivalents at beginning of year 645.9 490.8 382.0
Cash and cash equivalents at end of year $ 687.7 $ 645.9 $ 490.8