XML 22 R5.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net (loss) income $ (99.4) $ 220.9
Adjustments, non-cash items, to reconcile net (loss) income to cash provided by operating activities:    
Depreciation and amortization 175.3 176.0
Deferred income taxes (101.3) (3.8)
Other non-cash items, net (0.3) 1.2
Increase (decrease) in operating capital:    
EC antitrust payment   (203.0)
Net change in operating assets and liabilities 25.4 (54.2)
Other, net 28.1 (4.0)
Net cash provided by operating activities 27.8 133.1
Investing activities    
Expenditures for property, plant and equipment (153.7) (236.8)
Proceeds from sale of property, plant and equipment 1.6 1.0
Net cash used in investing activities (152.1) (235.8)
Financing activities    
Net decrease in short-term debt (142.0) (250.8)
Increase of long-term debt 1,720.1 245.2
Repayment of long-term debt (629.5)  
Dividends paid (54.1) (108.5)
Common stock options exercised 0.2 0.2
Other, net 0.0 (0.3)
Net cash provided by (used in) financing activities 894.7 (114.2)
Effect of exchange rate changes on cash and cash equivalents 8.1 7.5
Increase (decrease) in cash and cash equivalents 778.5 (209.4)
Cash and cash equivalents at beginning of period 444.7 615.8
Cash and cash equivalents at end of period $ 1,223.2 $ 406.4