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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities:    
Net income (loss) $ 86.6 $ (45.1)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:    
Depreciation and amortization 169.0 159.6
Impairment charges 37.6 7.0
Amortization of deferred financing fees and debt discount 4.7 7.0
Amortization of pension credit from accumulated other comprehensive loss 0.1 0.1
Loss on sale of business 17.9 0.0
(Gain) loss on sale of property, plant and equipment (8.3) 1.7
Loss on extinguishment of debt 1.8 0.7
Deferred income taxes 5.2 4.4
Stock-based compensation expense 10.9 21.7
Charge for inventory step-up of acquired inventory 0.0 5.3
Other 2.6 2.1
Changes in operating assets and liabilities:    
Trade accounts receivable, net (126.2) 3.7
Inventories 89.6 72.1
Prepaid expenses and other current assets (19.2) 20.0
Trade accounts payable (123.4) (85.2)
Pensions and other postretirement benefit liabilities (16.8) (22.6)
Other, net (50.5) (118.3)
Net cash provided by operating activities 81.6 34.2
Investing activities:    
Purchases of property, plant and equipment (82.1) (72.1)
Purchases of businesses, net of cash acquired 0.0 (1,201.0)
Proceeds from sale of property, plant and equipment 17.7 3.6
(Payments)/proceeds from sale of business (2.0) 664.3
Other (7.8) (1.3)
Net cash used by investing activities (74.2) (606.5)
Financing activities:    
Proceeds from issuance of long-term debt 0.0 947.0
Payments on long-term debt and finance lease obligations (196.8) (465.4)
Net proceeds under revolving credit facilities 137.2 130.6
Short-term financing, net 1.3 (4.4)
Taxes paid related to net share settlements of stock-based compensation awards (2.0) (2.8)
Stock option exercises 0.7 5.7
Other 0.7 0.6
Net cash (used) provided by financing activities (58.9) 611.3
Effect of exchange rate changes on cash and cash equivalents (5.1) (26.0)
Net (decrease) increase in cash and cash equivalents (56.6) 13.0
Cash and cash equivalents at beginning of period 330.3 121.6
Cash and cash equivalents at end of period 273.7 134.6
Cash paid during the period for:    
Income taxes 40.9 31.9
Interest, net of capitalized interest 73.1 109.9
Non-cash activities:    
Fair value of common stock issued for acquisition of business 0.0 613.8
Additions of property, plant and equipment included in trade accounts payable and other accrued expenses 4.1 7.5
Additions of property, plant and equipment under a finance lease obligation 35.6 8.5
Additions of assets under an operating lease obligation $ 31.4 $ 9.8