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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities:    
Net income (loss) $ 57.7 $ (47.6)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:    
Depreciation and amortization 112.7 105.9
Asset Impairment Charges 16.9 0.0
Amortization of deferred financing fees and debt discount 3.3 4.8
Amortization of pension credit from accumulated other comprehensive loss 0.1 0.1
Loss on sale of business 8.6 0.0
(Gain) loss on sale of property, plant and equipment (7.5) 1.5
Loss on extinguishment of debt 1.8 0.7
Deferred income taxes (4.5) (24.9)
Stock-based compensation expense 8.3 17.3
Other 1.8 1.5
Changes in operating assets and liabilities:    
Trade accounts receivable, net (111.1) (153.8)
Inventories 22.0 22.4
Prepaid expenses and other current assets (24.6) (27.2)
Trade accounts payable 30.3 10.4
Pensions and other postretirement benefit liabilities (8.1) (12.7)
Other, net (34.2) (78.9)
Net cash provided (used) by operating activities 73.5 (180.5)
Investing activities:    
Purchases of property, plant and equipment (45.0) (45.4)
Purchases of businesses, net of cash acquired 0.0 (1,155.5)
Proceeds from sale of property, plant and equipment 13.0 0.8
(Payments)/proceeds from sale of business (8.2) 640.0
Other (7.0) (1.3)
Net cash used by investing activities (47.2) (561.4)
Financing activities:    
Proceeds from issuance of long-term debt 0.0 947.0
Payments on long-term debt and finance lease obligations (189.3) (459.5)
Net proceeds under revolving credit facilities 384.4 248.8
Short-term financing, net 3.5 (6.9)
Taxes paid related to net share settlements of stock-based compensation awards (1.4) (2.8)
Stock option exercises 0.7 5.7
Other 0.7 0.6
Net cash provided by financing activities 198.6 732.9
Effect of exchange rate changes on cash and cash equivalents (7.8) (3.1)
Net increase (decrease) in cash and cash equivalents 217.1 (12.1)
Cash and cash equivalents at beginning of period 330.3 121.6
Cash and cash equivalents at end of period 547.4 109.5
Cash paid during the period for:    
Income taxes 20.2 22.9
Interest, net of capitalized interest 50.5 66.9
Non-cash activities:    
Fair value of common stock issued for acquisition of business 0.0 649.3
Additions of property, plant and equipment included in trade accounts payable and other accrued expenses 3.8 6.3
Additions of property, plant and equipment under a finance lease obligation 23.2 2.9
Additions of assets under an operating lease obligation $ 26.5 $ 8.9