XML 21 R9.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ 210.4 $ 233.8
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 171.0 172.6
Asset impairment charges 5.5 0.0
Deferred income taxes (102.6) (7.4)
Provision for bad debts 1.9 1.6
Provision for pension and other post-employment benefits 9.3 15.7
Share-based compensation 18.4 5.9
Gain on sale of asset 0.0 (7.2)
Loss on early extinguishment of debt 3.1 88.8
Foreign exchange effects (4.9) 28.3
Other 18.0 5.0
Change in operating assets and liabilities, net of effects from purchase of acquired companies:    
Trade receivables (0.9) (34.0)
Inventories 25.0 36.7
Prepaid expenses and other current assets 10.9 20.1
Accounts payable 50.4 (82.1)
Accrued expenses and other current liabilities 39.9 (32.0)
Tax accruals (31.0) (42.7)
Other noncurrent assets 8.8 5.3
Other noncurrent liabilities 12.1 (20.2)
Net cash provided by operating activities 445.3 388.2
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (115.3) (135.0)
Payment for business combinations, net of cash acquired (897.3) (0.6)
Additions of goodwill 0.0 (30.0)
Proceeds from sale of asset 0.2 14.4
Payments related to loss on foreign currency contracts (29.6) 0.0
Net cash used in investing activities (1,042.0) (151.2)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from short-term debt, original maturity more than three months 17.0 637.5
Repayments of short-term debt, original maturity more than three months (22.2) (631.4)
Net proceeds from short-term debt, original maturity less than three months 6.1 14.0
Proceeds from revolving loan facilities 1,590.0 768.5
Repayments of revolving loan facilities (620.0) (590.5)
Proceeds from term loans 2,979.6 800.0
Repayments of term loans (2,474.7) (200.0)
Proceeds from issuance of long-term debt 0.0 0.9
Repayment of Senior Notes 0.0 (584.6)
Dividend payment (89.0) (71.0)
Net proceeds from issuance of Class A Common Stock and related tax benefits 36.8 44.5
Net proceeds from issuance of Class A Common Stock to former CEO 0.0 12.5
Purchase of Class A Common Stock from former CEO 0.0 (42.0)
Payments for purchases of Class A Common Stock held as Treasury Stock (727.9) (263.1)
Net proceeds (payments) from foreign currency contracts 8.9 (27.5)
Payment for business combinations – contingent consideration 0.0 (0.8)
Payments for mandatorily redeemable noncontrolling interests (1.7) 0.0
Proceeds from noncontrolling interests 0.0 1.8
Distributions to noncontrolling interests (15.4) 0.0
Purchase of additional noncontrolling interests 0.0 (14.9)
Distributions to redeemable noncontrolling interests (8.1) (5.0)
Payment of deferred financing fees (56.3) (11.2)
Other (1.4) 0.0
Net cash provided by (used in) financing activities 621.7 (162.3)
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS 0.3 (168.6)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 25.3 (93.9)
CASH AND CASH EQUIVALENTS—Beginning of period 341.3 1,238.0
CASH AND CASH EQUIVALENTS—End of period 366.6 1,144.1
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Cash paid during the period for interest 57.8 49.8
Cash paid during the period for income taxes, net of refunds received 89.0 83.2
SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING AND INVESTING ACTIVITIES:    
Accrued capital expenditure additions 39.5 27.3
Non-cash capital contribution associated with special share purchase transaction $ 13.8 $ 0.0