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Consolidated Statements of Cash Flows
$ in Millions
12 Months Ended
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Net income (loss) $ 166.8 $ 10.4 $ 94.1
Income (loss) from discontinued operations, net of income taxes 0.0 0.0 12.9
Income (loss) from continuing operations 166.8 10.4 107.0
Reconciliation to net cash provided by operating activities:      
Depreciation and amortization 100.8 111.5 100.3
Equity in earnings of unconsolidated affiliate (31.8) (25.9) (29.8)
Dividends received from unconsolidated affiliate 0.0 19.0 31.0
Costs related to legacy product, environmental and other claims 84.6 30.8 35.4
Cash paid for legacy product, environmental and other claims (22.9) (54.5) (24.6)
Provision for (benefit from) income taxes 78.1 200.5 59.0
Income Taxes Paid (54.0) (61.8) (96.6)
Proceeds from Income Tax Refunds 0.7 34.2 11.4
Interest expense and related financing costs 80.2 79.5 81.5
Interest Paid, Including Capitalized Interest, Operating and Investing Activities (78.4) (70.2) (75.7)
Loss on early extinguishment of debt 4.8 0.0 11.1
Defined benefit pension expense (income) 0.7 64.1 72.6
Cash paid under defined benefit pension arrangements (66.5) (17.8) (15.9)
Accounts receivable reserve—Venezuela 0.0 10.0 0.0
Share-based Compensation 18.6 11.0 11.6
Changes in assets and liabilities, excluding effect of currency translation:      
Trade accounts receivable 2.5 (4.9) (15.7)
Inventories (26.1) 4.4 (0.6)
Accounts payable 24.2 (2.5) 32.0
Increase (Decrease) in Contract with Customer, Liability 35.6 4.7 (6.9)
All other items, net 24.1 (23.3) (19.6)
Net cash provided by (used for) operating activities from continuing operations 342.0 319.2 267.5
INVESTING ACTIVITIES      
Capital expenditures (216.3) (125.2) (116.9)
Business acquired (418.0) (3.5) (246.5)
Proceeds from sale of assets 2.4 0.6 13.7
Other investing activities 13.4 (1.1) 5.3
Net cash provided by (used for) investing activities from continuing operations (618.5) (129.2) (344.4)
FINANCING ACTIVITIES      
Borrowings under credit arrangements 1,024.0 114.4 39.4
Repayments under credit arrangements (587.8) (143.9) (633.0)
Cash paid for debt financing costs (11.8) 0.0 0.0
Cash paid for repurchases of common stock (80.0) (65.0) (195.1)
Proceeds from exercise of stock options 6.7 16.4 17.0
Dividends paid (64.6) (57.3) (36.0)
Distribution from GCP 0.0 0.0 750.0
Proceeds from Hedge, Financing Activities 33.1 0.0 0.0
Other financing activities (3.1) 0.6 (2.5)
Net cash provided by (used for) financing activities from continuing operations 316.5 (134.8) (60.2)
Effect of currency exchange rate changes on cash and cash equivalents (2.5) 7.7 (3.0)
Increase (decrease) in cash and cash equivalents from continuing operations 37.5 62.9 (140.1)
Cash flows from discontinued operations      
Increase (decrease) in cash and cash equivalents from discontinued operations 0.0 0.0 44.8
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 37.5 62.9 (95.3)
Less: cash and cash equivalents of discontinued operations 0.0 0.0 (143.4)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 163.5 100.6 339.3
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 201.0 163.5 100.6
Supplemental disclosure of cash flow information      
Capital expenditures in accounts payable 31.0 41.4 23.8
Expenditures for other investing activities included in accounts payable 16.9 2.7 1.1
Net share settled stock option exercises $ 8.2 $ 1.2 $ 10.5