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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 227.3 $ 56.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 146.2 179.2
Non-cash lease expense 18.0 26.1
Deferred income taxes (216.0) (32.6)
Provision for bad debts (3.4) 9.8
Provision for pension and other post-employment benefits 2.1 9.0
Share-based compensation 7.0 6.2
Gain on divestitures and sale of brand assets 0.0 (84.5)
Foreign exchange effects 16.9 2.0
Other 9.7 10.4
Change in operating assets and liabilities, net of effects from purchase of acquired companies and sale of business:    
Trade receivables (149.7) 71.7
Inventories (15.5) (72.9)
Prepaid expenses and other current assets 9.2 (12.1)
Accounts payable (103.9) (103.2)
Accrued expenses and other current liabilities 152.6 4.0
Operating lease liabilities (34.9) (26.7)
Income and other taxes payable (3.4) 4.4
Other noncurrent assets 9.7 (8.2)
Other noncurrent liabilities (29.3) 1.0
Net cash provided by operating activities 42.6 39.9
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (70.9) (86.4)
Proceeds from sale of business, net of cash disposed 27.0 25.6
Termination of currency swaps designated as net investment hedges (37.6) 0.0
Net cash used in investing activities (81.5) (60.8)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from (repayments of) short-term debt, original maturity less than three months 1.6  
Net proceeds from (repayments of) short-term debt, original maturity less than three months   (3.4)
Proceeds from revolving loan facilities 637.4 972.6
Repayments of revolving loan facilities (554.2) (776.5)
Repayments of term loans and other long-term debt (48.3) (46.1)
Dividend payment (0.8) (63.3)
Net proceeds from issuance of Class A Common Stock and Series A Preferred Stock 0.0 0.6
Payments for purchases of Class A Common Stock held as Treasury Stock 0.0 (4.5)
Proceeds from issuance of Convertible Series B Preferred Stock 227.2 0.0
Net proceeds from foreign currency contracts 3.3 5.3
Purchase of remaining mandatorily redeemable noncontrolling interest 0.0 (45.0)
Distributions to noncontrolling interests, redeemable noncontrolling interests and mandatorily redeemable financial instruments (0.5) (2.6)
All other (1.5) (0.4)
Net cash provided by financing activities 264.2 36.7
EFFECT OF EXCHANGE RATES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH (2.0) (14.8)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 223.3 1.0
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period 352.0 380.4
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period 575.3 381.4
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Cash paid during the period for interest 44.3 57.7
Net cash (refunds)/payments for income taxes (16.1) 39.7
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Accrued capital expenditure additions 46.0 67.2
Non-cash Common Stock dividend 0.0 30.9
Non-cash Preferred Stock dividend $ 20.8 $ 0.0