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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (1,002.7) $ (3,769.6) $ (127.8)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:      
Depreciation and amortization 716.5 736.0 737.0
Non-cash lease expense 104.5    
Asset impairment charges 434.0 3,851.9 0.0
Deferred income taxes (342.7) (175.7) (101.7)
Provision for bad debts 55.4 11.6 24.0
Provision for pension and other post-employment benefits 15.9 29.5 32.4
Share-based compensation 29.8 14.8 30.6
(Gain) loss on divestiture and sale of brand assets (111.5) 0.0 28.6
Loss on impairment of long-lived assets 24.6 27.8 15.6
Loss on early extinguishment of debt 0.0 0.0 10.7
Foreign exchange effects 30.5 (4.2) (16.8)
Other 39.6 47.3 (0.1)
Change in operating assets and liabilities, net of effects from purchase of acquired companies:      
Trade receivables 424.5 344.9 (79.6)
Inventories 124.4 (21.9) (60.0)
Prepaid expenses and other current assets 25.9 11.5 (107.6)
Accounts payable (373.5) (127.3) 159.5
Accrued expenses and other current liabilities (36.3) (378.1) (22.5)
Operating lease liabilities (106.6)    
Income and other taxes payable (46.1) 66.4 (83.2)
Other noncurrent assets 0.8 24.5 (17.9)
Other noncurrent liabilities (57.9) (49.8) (7.5)
Net cash (used in) provided by operating activities (50.9) 639.6 413.7
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (267.4) (426.6) (446.4)
Payment for business combinations and asset acquisitions, net of cash acquired (592.2) (40.8) (278.0)
Proceeds from sale of business, net of cash disposed 25.6 0.0 0.0
Proceeds from sale of long term assets, including assets under restructuring programs 0.6 13.4 36.8
Net cash used in investing activities (833.4) (454.0) (687.6)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net (repayments of) proceeds from short-term debt, original maturity less than three months (4.3) (21.3) 21.0
Proceeds from revolving loan facilities 4,681.3 2,183.3 3,185.5
Repayments of revolving loan facilities (4,044.4) (1,729.1) (3,643.2)
Proceeds from Senior Unsecured Notes 0.0 0.0 7,467.2
Repayments of term loans and other long term debt (186.4) (189.8) (6,492.6)
Dividend payments (196.9) (346.2) (375.8)
Net proceeds from issuance of Class A Common Stock and Series A Preferred Stock 2.7 5.9 22.6
Payments for purchases of Class A Common Stock held as Treasury Stock (4.5) 0.0 0.0
Proceeds from issuance of Convertible Series B Preferred Stock 724.5 0.0 0.0
Net proceeds (payments) for foreign currency contracts 0.2 (0.4) 12.4
Distributions to mandatorily redeemable financial interests, redeemable noncontrolling interests and noncontrolling interests (24.5) (38.1) (66.4)
Purchase of remaining mandatorily redeemable financial interest (45.0) 0.0 0.0
Payment of debt issuance costs (14.2) (17.4) (55.1)
All other (11.2) (7.2) (6.3)
Net cash provided by (used in) financing activities 877.3 (160.3) 69.3
EFFECT OF EXCHANGE RATES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH (21.4) (7.1) (3.9)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (28.4) 18.2 (208.5)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period 380.4 362.2 570.7
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period 352.0 380.4 362.2
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:      
Cash paid during the year for interest 280.6 290.7 242.8
Cash received during the period for settlement of interest rate swaps 0.0 43.2 0.0
Cash paid during the year for income taxes, net of refunds received 123.2 110.3 124.6
SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING AND INVESTING ACTIVITIES:      
Accrued capital expenditure additions 76.7 109.2 158.8
Non-cash contingent consideration for business combination 0.0 0.0 8.3
Dividends settled in Shares of Class A Common Stock 89.1 30.6  
Accrued fees related to the issuance of Convertible Series B Preferred Stock 15.2 0.0 0.0
Common Class A      
SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING AND INVESTING ACTIVITIES:      
Dividends settled in Shares of Class A Common Stock 88.9 30.6 0.0
Series A Preferred Stock      
SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING AND INVESTING ACTIVITIES:      
Dividends settled in Shares of Class A Common Stock $ 6.5 $ 0.0 $ 0.0