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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 121.3 $ 196.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 210.2 212.2
Non-cash lease expense 32.0 31.3
Deferred income taxes 15.2 78.4
Provision (release) for bad debts 2.6 (0.2)
Provision for pension and other post-employment benefits 5.4 5.0
Share-based compensation 32.5 49.9
Losses (gains) on disposals of long-term assets, net 0.9 (0.1)
Realized and unrealized losses/(gains) from equity investments, net 33.9 (15.3)
Foreign exchange effects 6.6 18.0
Unrealized losses (gains) on forward repurchase contracts, net 145.4 (18.8)
Other 25.6 23.5
Change in operating assets and liabilities    
Trade receivables (187.1) (139.6)
Inventories 38.9 81.9
Prepaid expenses and other current assets 13.7 (47.5)
Accounts payable 29.5 23.2
Accrued expenses and other current liabilities 9.6 138.7
Operating lease liabilities (28.8) (30.4)
Income and other taxes payable 16.3 (0.7)
Other noncurrent assets (5.9) (10.9)
Other noncurrent liabilities 14.1 13.3
Net cash provided by operating activities 531.9 608.1
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (120.8) (121.1)
Proceeds from sale of long-term assets 0.0 1.7
Payments for license acquisitions (3.0) 0.0
Proceeds from contingent consideration from sale of discontinued business 15.6 0.0
Net cash used in investing activities (108.2) (119.4)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from short-term debt 10.0 0.0
Proceeds from revolving loan facilities 1,011.9 1,134.0
Repayments of revolving loan facilities (943.8) (1,347.0)
Proceeds from issuance of other long-term debt 0.0 1,284.3
Repayments of term loans and other long-term debt (490.6) (1,613.5)
Dividend payments on Class A Common Stock and Series B Preferred Stock (6.7) (6.8)
Net proceeds from issuance of Class A Common Stock 0.0 354.9
Net (payments of) proceeds from foreign currency contracts (10.3) 0.4
Payments related to forward repurchase contracts, including hedge valuation adjustment (77.8) (24.0)
Refunds related to hedge valuation adjustment 61.8 0.0
Distributions to noncontrolling interests and redeemable noncontrolling interests 0.0 (8.5)
Payment of deferred financing fees (2.0) (39.5)
All other (13.8) (20.2)
Net cash used in financing activities (461.3) (285.9)
EFFECT OF EXCHANGE RATES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH (14.4) (3.1)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (52.0) 199.7
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period 320.6 283.8
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period 268.6 483.5
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Cash paid during the period for interest 112.1 96.2
Net cash paid for income taxes 42.6 37.8
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Accrued capital expenditure additions $ 67.1 $ 85.5