XML 84 R8.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows provided by (used in) operating activities:    
Net (loss) earnings $ (509.1) $ 246.2
Adjustments to reconcile net (loss) earnings to cash provided by operating activities:    
Depreciation and amortization 253.0 247.7
Share-based compensation 16.5 20.3
Goodwill impairment 612.0  
Changes in operating assets and liabilities, net of acquired assets and liabilities    
Income taxes (45.4) 24.5
Receivables 289.7 50.7
Inventories (96.0) (50.7)
Accounts payable and accrued liabilities (95.8) (231.4)
Other assets and liabilities 26.0 (23.7)
Net cash provided by operating activities 450.9 283.6
Cash flows provided by (used in) investing activities:    
Additions to instruments (85.7) (63.7)
Additions to other property, plant and equipment (40.2) (37.8)
Net investment hedge settlements 16.3 10.5
Investments in other assets (11.6) (14.5)
Net cash used in investing activities (121.2) (105.5)
Cash flows provided by (used in) financing activities:    
Proceeds from senior notes 1,497.1  
Proceeds from term loans   200.0
Payments on term loans   (310.0)
Dividends paid to stockholders (49.5) (49.0)
Proceeds from employee stock compensation plans 54.5 44.4
Net cash flows from unremitted collections from factoring programs 12.4 (16.4)
Business combination contingent consideration payments (3.5)  
Debt issuance costs (12.2)  
Other financing activities (6.0) (4.2)
Net cash provided by (used in) financing activities 1,492.8 (135.2)
Effect of exchange rates on cash and cash equivalents (6.8) 1.1
Increase in cash and cash equivalents 1,815.7 44.0
Cash and cash equivalents, beginning of year 617.9 542.8
Cash and cash equivalents, end of period $ 2,433.6 $ 586.8