XML 45 R58.htm IDEA: XBRL DOCUMENT v3.19.3
Supplemental Guarantor Information - Condensed Consolidating Statements of Cash Flows (Details) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Supplemental Guarantor Information [Line Items]    
Net cash provided by operating activities $ 682.3 $ 602.3
Cash flows used in investing activities:    
Capital expenditures (75.0) (53.4)
Acquisition of business, net of cash acquired (75.0) 0.0
Net cash used in investing activities (150.0) (53.4)
Cash flows used in financing activities:    
Proceeds from borrowings under revolving credit facility 1,860.5 688.9
Repayments of borrowings under revolving credit facility (1,834.5) (681.9)
Repayments of long-term debt (19.7) (18.2)
Proceeds from Issuance of Long-term Debt 600.0 0.0
Payments to extinguish long-term debt (538.1) 0.0
Net change in accounts payable-inventory financing (17.4) (90.1)
Repurchases of common stock (493.3) (232.5)
Payment of incentive compensation plan withholding taxes (21.3) (27.1)
Dividend payments (128.9) (95.5)
Capital contributions 0.0 0.0
Other 24.2 21.1
Distributions and advances from (to) affiliates 0.0 0.0
Net cash used in financing activities (568.5) (435.3)
Effect of exchange rate changes on cash and cash equivalents (2.7) (2.7)
Net (decrease) increase in cash and cash equivalents (38.9) 110.9
Cash and cash equivalents—beginning of period 205.8 144.2
Cash and cash equivalents—end of period 166.9 255.1
Consolidating Adjustments    
Supplemental Guarantor Information [Line Items]    
Net cash provided by operating activities (27.4) (7.4)
Cash flows used in investing activities:    
Capital expenditures 0.0 0.0
Acquisition of business, net of cash acquired 0.0  
Net cash used in investing activities 0.0 0.0
Cash flows used in financing activities:    
Proceeds from borrowings under revolving credit facility 0.0 0.0
Repayments of borrowings under revolving credit facility 0.0 0.0
Repayments of long-term debt 0.0 0.0
Proceeds from Issuance of Long-term Debt 0.0  
Payments to extinguish long-term debt 0.0  
Net change in accounts payable-inventory financing 0.0 0.0
Repurchases of common stock 0.0 0.0
Payment of incentive compensation plan withholding taxes 0.0 0.0
Dividend payments 0.0 0.0
Capital contributions 0.0 0.0
Other 0.0 0.0
Distributions and advances from (to) affiliates 8.6 (6.0)
Net cash used in financing activities 8.6 (6.0)
Effect of exchange rate changes on cash and cash equivalents 0.0 0.0
Net (decrease) increase in cash and cash equivalents (18.8) (13.4)
Cash and cash equivalents—beginning of period (16.9) (1.9)
Cash and cash equivalents—end of period (35.7) (15.3)
Reportable Legal Entities    
Cash flows used in financing activities:    
Proceeds from Issuance of Long-term Debt 0.0  
Payments to extinguish long-term debt 0.0  
Parent Guarantor    
Cash flows used in investing activities:    
Acquisition of business, net of cash acquired 0.0  
Parent Guarantor | Reportable Legal Entities    
Supplemental Guarantor Information [Line Items]    
Net cash provided by operating activities 0.0 0.0
Cash flows used in investing activities:    
Capital expenditures 0.0 0.0
Net cash used in investing activities 0.0 0.0
Cash flows used in financing activities:    
Proceeds from borrowings under revolving credit facility 0.0 0.0
Repayments of borrowings under revolving credit facility 0.0 0.0
Repayments of long-term debt 0.0 0.0
Proceeds from Issuance of Long-term Debt 0.0  
Payments to extinguish long-term debt 0.0  
Net change in accounts payable-inventory financing 0.0 0.0
Repurchases of common stock (493.3) (232.5)
Payment of incentive compensation plan withholding taxes (21.3) (27.1)
Dividend payments (128.9) (95.5)
Capital contributions 0.0 0.0
Other 0.0 0.0
Distributions and advances from (to) affiliates 643.5 355.1
Net cash used in financing activities 0.0 0.0
Effect of exchange rate changes on cash and cash equivalents 0.0 0.0
Net (decrease) increase in cash and cash equivalents 0.0 0.0
Cash and cash equivalents—beginning of period 0.0 0.0
Cash and cash equivalents—end of period 0.0 0.0
Subsidiary Issuer    
Cash flows used in investing activities:    
Acquisition of business, net of cash acquired 0.0  
Subsidiary Issuer | Reportable Legal Entities    
Supplemental Guarantor Information [Line Items]    
Net cash provided by operating activities (6.3) (78.9)
Cash flows used in investing activities:    
Capital expenditures (46.4) (40.9)
Net cash used in investing activities (46.4) (40.9)
Cash flows used in financing activities:    
Proceeds from borrowings under revolving credit facility 1,860.5 640.0
Repayments of borrowings under revolving credit facility (1,834.5) (640.0)
Repayments of long-term debt (11.0) (11.2)
Proceeds from Issuance of Long-term Debt 600.0  
Payments to extinguish long-term debt (538.1)  
Net change in accounts payable-inventory financing 0.0 (0.8)
Repurchases of common stock 0.0 0.0
Payment of incentive compensation plan withholding taxes 0.0 0.0
Dividend payments 0.0 0.0
Capital contributions (76.0) 0.0
Other 28.8 25.8
Distributions and advances from (to) affiliates (28.9) 213.2
Net cash used in financing activities 0.8 227.0
Effect of exchange rate changes on cash and cash equivalents 0.0 0.0
Net (decrease) increase in cash and cash equivalents (51.9) 107.2
Cash and cash equivalents—beginning of period 176.0 113.7
Cash and cash equivalents—end of period 124.1 220.9
Guarantor Subsidiaries    
Cash flows used in investing activities:    
Acquisition of business, net of cash acquired 0.0  
Guarantor Subsidiaries | Reportable Legal Entities    
Supplemental Guarantor Information [Line Items]    
Net cash provided by operating activities 620.6 608.4
Cash flows used in investing activities:    
Capital expenditures (19.5) (3.5)
Net cash used in investing activities (19.5) (3.5)
Cash flows used in financing activities:    
Proceeds from borrowings under revolving credit facility 0.0 0.0
Repayments of borrowings under revolving credit facility 0.0 0.0
Repayments of long-term debt 0.0 0.0
Proceeds from Issuance of Long-term Debt 0.0  
Payments to extinguish long-term debt 0.0  
Net change in accounts payable-inventory financing (24.2) (85.8)
Repurchases of common stock 0.0 0.0
Payment of incentive compensation plan withholding taxes 0.0 0.0
Dividend payments 0.0 0.0
Capital contributions 0.0 47.5
Other (4.4) (4.3)
Distributions and advances from (to) affiliates (572.5) (562.3)
Net cash used in financing activities (601.1) (604.9)
Effect of exchange rate changes on cash and cash equivalents 0.0 0.0
Net (decrease) increase in cash and cash equivalents 0.0 0.0
Cash and cash equivalents—beginning of period 0.0 0.0
Cash and cash equivalents—end of period 0.0 0.0
Non-Guarantor Subsidiaries    
Cash flows used in investing activities:    
Acquisition of business, net of cash acquired (75.0)  
Non-Guarantor Subsidiaries | Reportable Legal Entities    
Supplemental Guarantor Information [Line Items]    
Net cash provided by operating activities 95.4 80.2
Cash flows used in investing activities:    
Capital expenditures (9.1) (9.0)
Net cash used in investing activities (84.1) (9.0)
Cash flows used in financing activities:    
Proceeds from borrowings under revolving credit facility 0.0 48.9
Repayments of borrowings under revolving credit facility 0.0 (41.9)
Repayments of long-term debt (8.7) (7.0)
Proceeds from Issuance of Long-term Debt 0.0  
Payments to extinguish long-term debt 0.0  
Net change in accounts payable-inventory financing 6.8 (3.5)
Repurchases of common stock 0.0 0.0
Payment of incentive compensation plan withholding taxes 0.0 0.0
Dividend payments 0.0 0.0
Capital contributions 76.0 (47.5)
Other (0.2) (0.4)
Distributions and advances from (to) affiliates (50.7) 0.0
Net cash used in financing activities 23.2 (51.4)
Effect of exchange rate changes on cash and cash equivalents (2.7) (2.7)
Net (decrease) increase in cash and cash equivalents 31.8 17.1
Cash and cash equivalents—beginning of period 46.7 32.4
Cash and cash equivalents—end of period 78.5 49.5
Affiliated Entity    
Cash flows used in investing activities:    
Acquisition of business, net of cash acquired 0.0  
Affiliated Entity | Reportable Legal Entities    
Supplemental Guarantor Information [Line Items]    
Net cash provided by operating activities 0.0 0.0
Cash flows used in investing activities:    
Capital expenditures 0.0 0.0
Net cash used in investing activities 0.0 0.0
Cash flows used in financing activities:    
Proceeds from borrowings under revolving credit facility 0.0 0.0
Repayments of borrowings under revolving credit facility 0.0 0.0
Repayments of long-term debt 0.0 0.0
Net change in accounts payable-inventory financing 0.0 0.0
Repurchases of common stock 0.0 0.0
Payment of incentive compensation plan withholding taxes 0.0 0.0
Dividend payments 0.0 0.0
Capital contributions 0.0 0.0
Other 0.0 0.0
Distributions and advances from (to) affiliates 0.0 0.0
Net cash used in financing activities 0.0 0.0
Effect of exchange rate changes on cash and cash equivalents 0.0 0.0
Net (decrease) increase in cash and cash equivalents 0.0 0.0
Cash and cash equivalents—beginning of period 0.0 0.0
Cash and cash equivalents—end of period $ 0.0 $ 0.0