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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities    
Net income continuing operations $ 470.3 $ 390.6
Net income discontinued operations (195.8) (32.0)
Depreciation and amortization 308.4 318.6
Separation costs 11.5  
Other, net 19.7 (22.7)
Changes in operating assets and liabilities (312.9) (108.0)
Net cash provided by operating activities (Note 3) 301.2 546.5
Investing activities    
Expenditures for property, plant and equipment (425.2) (414.4)
Proceeds from sale of property, plant and equipment 3.8 12.6
Acquisitions of businesses and interest in/additional contributions to affiliates, net of cash acquired (72.9) (113.1)
Net cash used in investing activities (Note 3) (494.3) (514.9)
Financing activities    
Net increase (decrease) in short-term debt 374.9 (46.1)
Issuance of long-term debt, net of discount 582.2  
Debt issuance costs (2.6)  
Dividends paid (160.7) (156.4)
Dividends paid to non-controlling interest (2.0)  
Shares repurchased   (157.0)
Common stock options exercised 8.2 5.2
Capital contribution to Veoneer (971.8)  
Net cash used in financing activities (171.8) (354.3)
Effect of exchange rate changes on cash and cash equivalents (60.9) 54.3
Decrease in cash and cash equivalents (425.8) (268.4)
Cash and cash equivalents at beginning of period 959.5 1,226.7
Cash and cash equivalents at end of period $ 533.7 $ 958.3