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Consolidated Statements of Cash Flows
$ in Millions
12 Months Ended
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Operating activities      
Net (loss) income $ (870.3) $ 530.1 $ 617.0
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities      
Depreciation and amortization expense 277.6 251.7 231.0
Amortization of deferred financing fees 20.4 3.5 17.9
Accretion of customer supply agreement 2.0 4.3 4.1
Employee stock compensation expense 24.2 36.1 27.4
Loss (gain) from derivative instruments 0.0 8.1 (7.2)
Loss (gain) from foreign currency transactions 25.0 1.6 (0.3)
Loss on disposition of assets 26.4 4.9 1.8
Deferred taxes 94.0 86.1 (38.0)
Long term income tax payable 1.5    
Pension and other post-retirement benefits, net 44.5 (20.0) (33.4)
Grant liability amortization (3.5) (16.2) (21.6)
Equity in net loss (income) of affiliates 4.6 0.2 (0.6)
Increase (Decrease) in Forward Position 216.5 40.7 (170.9)
Changes in assets and liabilities      
Accounts receivable, net 168.3 12.8 (47.9)
Inventory, net (39.5) (95.4) (61.3)
Increase (Decrease) in Contract with Customer, Asset 168.2 (5.2) (8.5)
Accounts payable and accrued liabilities (592.7) 34.6 244.5
Profit sharing/deferred compensation (28.2) 16.0 (40.9)
Advance payments (21.0) 120.8 (98.3)
Income taxes receivable/payable (246.3) (59.6) (28.4)
Increase (Decrease) in Contract with Customer, Liability (49.5) (13.0) 208.3
Deferred revenue and other deferred credits 9.2 6.2 16.9
Other 23.7 (25.6) (41.7)
Net cash provided (used in) by operating activities (744.9) 922.7 769.9
Investing activities      
Purchase of property, plant and equipment (118.9) (232.2) (271.2)
Payments to Acquire Businesses, Net of Cash Acquired (388.5)    
Payments to Acquire Interest in Subsidiaries and Affiliates 0.0 (7.9)  
Other Investing Activities (5.4) 7.7 (3.4)
Payments for (Proceeds from) Other Investing Activities (5.4) (0.2) (3.4)
Net cash used in investing activities (502.0) (239.9) (267.8)
Proceeds from Issuance of Secured Debt 400.0    
Financing activities      
Proceeds from Issuance of Senior Long-term Debt 1,700.0 250.0 1,300.0
Proceeds from revolving credit facility 0.0 900.0 0.0
Payments on revolving credit facility (800.0) (100.0) 0.0
Principal payments of debt (31.6) (13.4) (6.7)
Repayments of Debt (439.7) (16.6) (256.3)
Early Repayment of Senior Debt 0.0 0.0 (300.0)
Payment, Tax Withholding, Share-based Payment Arrangement (14.5) (12.9) (15.6)
Proceeds from Stock Plans 2.6 2.6 2.1
Debt issuance and financing costs (41.9) 0.0 (23.2)
Payments for Repurchase of Common Stock (0.1) (75.8) (805.8)
Payments of Dividends (15.4) (50.4) (48.0)
Proceeds from (Payments for) Other Financing Activities (0.1) 0.9  
Net cash provided by (used in) financing activities 769.5 884.4 (153.5)
Effect of exchange rate changes on cash and cash equivalents 3.3 5.9 0.0
Net (decrease) increase in cash, cash equivalents, and restricted cash for the period (474.1) 1,573.1 348.6
Cash, cash equivalents, and restricted cash, end of period 1,873.3 2,350.5 773.6
Restricted Cash, Current 0.3 0.3 0.3
Restricted Cash and Investments, Noncurrent 19.5 16.4 20.2
Supplemental information      
Interest paid 146.6 93.2 70.4
Proceeds from Income Tax Refunds (62.5)    
Income taxes paid   105.0 202.3
Property acquired through capital leases 26.3 120.3 26.8
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1,893.1 $ 2,367.2 $ 794.1
Proceeds from (Repayments of) Other Debt $ 10.0