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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities      
Net income from continuing operations $ 188.3 $ 462.8 $ 377.5
Loss from discontinued operations, net of income taxes     (193.8)
Adjustments (non-cash items) to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 370.9 350.6 397.1
EC antitrust non-cash provision     210.0
Deferred income taxes (23.9) (16.0) 3.0
Loss from equity method investments, net of dividends (0.0) 4.0 31.9
Net change in operating capital:      
EC antitrust payment   (203.0)  
Receivables and other assets, gross (414.7) 25.4 (48.4)
Inventories, gross (34.0) 15.4 (123.9)
Accounts payable and accrued expenses 671.7 35.7 (37.8)
Income taxes 53.5 (29.3) (19.2)
Other, net 37.1 (4.9) (5.8)
Net cash provided by operating activities 848.9 640.7 590.6
Investing activities      
Expenditures for property, plant and equipment (343.5) (483.4) (560.0)
Proceeds from sale of property, plant and equipment 3.9 7.3 5.2
Acquisition of businesses and interest in affiliates, net of cash acquired     (72.0)
Other     (0.9)
Net cash used in investing activities (339.6) (476.1) (627.7)
Financing activities      
Net (decrease) increase in short-term debt (239.9) (364.1) 355.4
Increase in long-term debt 1,177.1 243.5 582.2
Repayment of long-term debt (722.5)    
Debt issuance costs   (0.3) (2.6)
Dividends paid to non-controlling interest (1.3) (1.1) (2.1)
Dividends paid (54.1) (217.0) (214.3)
Common stock options exercised 0.8 0.9 8.2
Capital contribution to Veoneer     (971.8)
Net cash provided by (used in) financing activities 160.1 (338.1) (245.0)
Effect of exchange rate changes on cash and cash equivalents 64.1 2.4 (61.6)
Increase (decrease) in cash and cash equivalents 733.5 (171.1) (343.7)
Cash and cash equivalents at beginning of year 444.7 615.8 959.5
Cash and cash equivalents at end of year $ 1,178.2 $ 444.7 $ 615.8