XML 24 R9.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net loss $ 12.7 $ (264.4) $ (14.6) $ (224.5)  
Adjustments to reconcile net loss to net cash provided by operating activities:          
Depreciation and amortization     436.1 547.7  
Non-cash lease expense     61.6 81.5  
Deferred income taxes     (238.8) (150.7)  
Provision for bad debts     (9.6) 28.2  
Provision for pension and other post-employment benefits     8.3 26.4  
Share-based compensation     28.9 18.1  
Gain on divestitures and sale of brand assets     0.0 (84.5)  
Asset impairment charges 0.0 40.4 0.0 40.4  
Loss on sale of business in discontinued operations     246.6 0.0  
Unrealized (gains) and losses from equity investments, net     (60.9) 0.0  
Foreign exchange effects     26.8 33.8  
Other     44.7 38.0  
Change in operating assets and liabilities, net of effects from purchase of acquired companies and sale of business:          
Trade receivables     (57.3) 206.0  
Inventories     114.2 97.2  
Prepaid expenses and other current assets     (133.0) (8.4)  
Accounts payable     (137.8) (246.0)  
Accrued expenses and other current liabilities     64.8 (31.7)  
Operating lease liabilities     (104.4) (80.9)  
Income and other taxes payable     (44.4) (25.8)  
Other noncurrent assets     30.5 (30.8)  
Other noncurrent liabilities     24.7 (29.5)  
Net cash provided by operating activities     286.4 204.5  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Capital expenditures     (143.7) (206.4)  
Proceeds from sale of long term assets     4.3 0.2  
Proceeds from sale of business, net of cash disposed     27.0 25.6  
Proceeds from sale of discontinued business, net of cash disposed     2,374.1 0.0  
Payment for business combinations and asset acquisitions, net of cash acquired     0.0 (592.2)  
Return of capital from equity investments     448.0 0.0  
Payment for equity investment and related asset acquisition     (200.0) 0.0  
Termination of currency swaps designated as net investment hedges     (37.6) 0.0  
Net cash provided by (used in) investing activities     2,472.1 (772.8)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Net proceeds from (repayments of) short-term debt, original maturity less than three months     0.5    
Net proceeds from (repayments of) short-term debt, original maturity less than three months       (4.0)  
Proceeds from revolving loan facilities     2,147.9 4,543.9  
Repayments of revolving loan facilities     (2,963.7) (2,589.0)  
Repayments of term loans and other long-term debt     (2,162.0) (139.4)  
Dividend payment     (1.5) (196.9)  
Net proceeds from issuance of Class A Common Stock     0.0 2.7  
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 (payments of) foreign currency contracts     20.3    
Net proceeds from (payments of) foreign currency contracts       (9.4)  
Purchase of remaining mandatorily redeemable noncontrolling interest     0.0 (45.0)  
Distributions to noncontrolling interests, redeemable noncontrolling interests and mandatorily redeemable financial instruments     (6.3) (24.5)  
All other     (4.8) (4.1)  
Net cash (used in) provided by financing activities     (2,742.4) 1,529.8  
EFFECT OF EXCHANGE RATES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH     (10.1) (30.3)  
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH     6.0 931.2  
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period     352.0 380.4 $ 380.4
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period $ 358.0 $ 1,311.6 358.0 1,311.6 $ 352.0
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:          
Cash paid during the period for interest     164.0 188.8  
Net cash (refunds)/payments for income taxes     (5.5) 125.5  
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:          
Accrued capital expenditure additions     44.5 82.1  
Non-cash Common Stock dividend     0.0 88.9  
Non-cash Preferred Stock dividend     $ 78.1 $ 0.0