BASIS OF PRESENTATION (Tables)

6 Months Ended

Jun. 30, 2022

BASIS OF PRESENTATION

Schedule of increase (decrease) in cash equivalents and restricted

	Three Months Ended								Year Ended
	March 31,		June 30,		September 30,		December 31,		December 31,
(In millions)	2021		2021		2021		2021		2021
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	(312.9)	$	(233.8)	$	(113.9)	$	46.5	$	(614.1)
Cash flows from investing activities:
Net cash provided by (used in) investing activities		(16.0)		13.5		(28.8)		(36.9)		(68.2)
Cash flows from financing activities:
Net cash provided by (used in) financing activities		854.7		1,212.2		(48.3)		(27.9)		1,990.7
Effect of exchange rate changes on cash and cash equivalents and restricted cash		(5.1)		5.6		(8.4)		(1.6)		(9.5)
Net increase (decrease) in cash and cash equivalents and restricted cash		520.7		997.5		(199.4)		(19.9)		1,298.9
Cash and cash equivalents and restricted cash at beginning of period		321.4		842.1		1,839.6		1,640.2		321.4
Cash and cash equivalents and restricted cash at end of period	$	842.1	$	1,839.6	$	1,640.2	$	1,620.3	$	1,620.3

	Three Months Ended				Six Months Ended
	March 31,		June 30,		June 30,
(In millions)	2022		2022		2022
Cash flows from operating activities:
Net cash used in operating activities	$	(295.0)	$	(76.6)	$	(371.6)
Cash flows from investing activities:
Net cash used in investing activities		(54.9)		(48.0)		(102.9)
Cash flows from financing activities:
Net cash used in financing activities		(76.3)		(59.7)		(136.0)
Effect of exchange rate changes on cash and cash equivalents and restricted cash		(5.5)		(16.4)		(21.9)
Net decrease in cash and cash equivalents and restricted cash		(431.7)		(200.7)		(632.4)
Cash and cash equivalents and restricted cash at beginning of period		1,620.3		1,188.6		1,620.3
Cash and cash equivalents and restricted cash at end of period	$	1,188.6	$	987.9	$	987.9

Schedule of change in accumulated other comprehensive income (loss)

	Foreign
(In millions)	Currency		Pension Benefits		Total
Balance December 31, 2021	$	(19.0)	$	(9.1)	$	(28.1)
Other comprehensive income (loss)		(52.3)		0.2		(52.1)
Balance June 30, 2022	$	(71.3)	$	(8.9)	$	(80.2)

Schedule components of other expense (income)

	Three Months Ended				Six Months Ended
(In millions)	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Decreases related to contingent lease guarantees	$	—	$	(3.7)	$	(0.1)	$	(5.7)
Governmental assistance due to COVID-19 - International markets		(8.5)		(42.2)		(10.8)		(50.4)
Governmental assistance due to COVID-19 - U.S. markets		—		—		(1.1)		(4.2)
Foreign currency transaction (gains) losses		3.6		3.4		8.4		(0.4)
Non-operating components of net periodic benefit income		(0.2)		(0.2)		(0.2)		(0.4)
(Gain) Loss on extinguishment of debt		(38.6)		—		96.4		—
Financing fees related to modification of debt agreements		—		—		—		1.0
Total other expense (income)	$	(43.7)	$	(42.7)	$	92.6	$	(60.1)