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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows provided by (used in) operating activities:    
Net (loss) earnings $ 197.7 $ (509.1)
Adjustments to reconcile net earnings (loss) to cash provided by operating activities:    
Depreciation and amortization 268.7 253.0
Share-based compensation 21.6 16.5
Goodwill impairment   612.0
Changes in operating assets and liabilities, net of acquired assets and liabilities    
Income taxes (9.5) (45.4)
Receivables 43.6 289.7
Inventories (86.1) (96.0)
Accounts payable and accrued liabilities (161.2) (95.8)
Other assets and liabilities (28.3) 26.0
Net cash provided by operating activities 246.5 450.9
Cash flows provided by (used in) investing activities:    
Additions to instruments (82.6) (85.7)
Additions to other property, plant and equipment (27.4) (40.2)
Net investment hedge settlements 3.1 16.3
Investments in other assets (15.4) (11.6)
Net cash used in investing activities (122.3) (121.2)
Cash flows provided by (used in) financing activities:    
Proceeds from senior notes   1,497.1
Redemption of senior notes (200.0)  
Dividends paid to stockholders (49.8) (49.5)
Proceeds from employee stock compensation plans 65.3 54.5
Net cash flows from unremitted collections from factoring programs   12.4
Business combination contingent consideration payments (5.8) (3.5)
Debt issuance costs   (12.2)
Other financing activities (5.5) (6.0)
Net cash (used in) provided by financing activities (195.8) 1,492.8
Effect of exchange rates on cash and cash equivalents (6.2) (6.8)
(Decrease) increase in cash and cash equivalents (77.8) 1,815.7
Cash and cash equivalents, beginning of year 802.1 617.9
Cash and cash equivalents, end of period $ 724.3 $ 2,433.6