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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net income (loss) $ (65.6) $ 316.2
Less: Net income (loss) from discontinued operations (1.9) 38.0
Net income (loss) from continuing operations (63.7) 278.2
Adjustments to reconcile net income (loss) from continuing operations to net cash provided by (used in) operating activities - continuing operations    
Depreciation and amortization 147.1 111.0
Amortization of deferred financing fees and issuance discount 6.9 5.5
Deferred income tax (8.0) 0.2
Share-based compensation expense 15.6 11.0
Earnings of unconsolidated affiliates, net of dividends (21.3) (10.2)
Unrealized net gain (loss) on foreign exchange forward contracts 1.6 (25.2)
Acquisition purchase price hedge loss   22.0
Pension curtailment and settlement gain (3.0) (2.1)
Asset impairment charges or write-offs 3.9 3.0
Changes in assets and liabilities    
Accounts receivable 5.1 (280.8)
Inventories (43.1) (196.7)
Accounts payable and other current liabilities (81.9) 248.7
Income taxes payable (23.7) 22.3
Other assets, net 13.5 (9.2)
Other liabilities, net 61.8 41.0
Cash provided by operating activities - continuing operations 10.8 218.7
Cash provided by (used in) operating activities - discontinued operations (1.4) 19.5
Cash provided by operating activities 9.4 238.2
Cash flows from investing activities    
Capital expenditures (94.0) (64.7)
Cash paid for asset or business acquisitions, net of cash acquired ($1.0 and $12.1) (22.2) (1,806.6)
Proceeds from the sale of businesses and other assets 5.3 0.2
Proceeds from (payments for) the settlement of hedging instruments 1.9 (14.7)
Cash used in investing activities - continuing operations (109.0) (1,885.8)
Cash used in investing activities - discontinued operations (0.8) (3.3)
Cash used in investing activities (109.8) (1,889.1)
Cash flows from financing activities    
Deferred financing fees   (35.0)
Short-term borrowings, net (12.2) (11.6)
Purchase of treasury shares (151.9)  
Dividends paid (36.3) (9.5)
Proceeds from exercise of option awards 2.9 10.5
Withholding taxes paid on restricted share units (3.1) (0.8)
Repurchases and repayments of long-term debt (12.9) (7.1)
Net proceeds from issuance of 2028 Term Loan B   746.3
Net proceeds from issuance of 2029 Senior Notes   450.0
Proceeds from draw on Accounts Receivable Securitization Facility   150.0
Repayments of Accounts Receivable Securitization Facility   (20.0)
Cash provided by (used in) financing activities (213.5) 1,272.8
Effect of exchange rates on cash (16.3) (3.1)
Net change in cash, cash equivalents, and restricted cash (330.2) (381.2)
Cash, cash equivalents, and restricted cash-beginning of period 573.0 588.7
Cash, cash equivalents, and restricted cash-end of period 242.8 207.5
Cash and cash equivalents-end of period 242.8 207.5
Supplemental disclosure of cash flow information    
Net cash paid $ 1.0 $ 12.1