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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income (loss) $ 92.9 $ (319.9) $ (295.6)
Income (loss) from discontinued operations, net of tax 13.3 (242.9) (103.8)
Net income (loss) from continuing operations 79.6 (77.0) (191.8)
Reconciliations of net income (loss) to net cash flows provided by (used in) operating activities:      
Depreciation and amortization 154.7 156.7 156.0
Deferred income taxes (3.1) (54.7) (134.1)
Foreign exchange (gain) loss (54.6) (0.2) 45.8
Other, net 66.9 4.0 75.1
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable 21.8 0.9 (21.5)
Inventories (3.8) (18.8) (9.2)
Accounts payable (7.0) (5.5) (3.3)
Accrued expenses (57.7) (10.6) 2.5
Prepaid expenses and other current assets (2.9) 10.5 (13.0)
Other assets and liabilities (23.0) (6.1) 59.2
Net cash flows provided by (used in) operating activities of continuing operations 170.9 (0.8) (34.3)
Cash flows from investing activities:      
Capital expenditures (29.7) (28.4) (30.8)
Proceeds from disposal of property, plant and equipment 4.6 4.2 16.9
Proceeds from the Arysta Sale (net of cash $148.7 million) 4,281.8 0.0 0.0
Proceeds from the sale of equity investment 0.0 25.0 0.0
Acquisition of business, net of cash acquired (63.9) (28.2) 0.0
Other, net 6.9 3.6 (5.0)
Net cash flows provided by (used in) investing activities of continuing operations 4,199.7 (23.8) (18.9)
Cash flows from financing activities:      
Debt proceeds, net of discount 1,493.4 0.0 4,142.7
Repayments of borrowings (5,351.4) (22.5) (4,122.5)
Change in lines of credit, net (24.9)    
Change in lines of credit, net   25.0 0.0
Repurchases of common stock (507.1) 0.0 0.0
Payment of financing fees (40.5) (1.4) (22.6)
Other, net (8.4) (2.5) 0.7
Net cash flows used in financing activities of continuing operations (4,438.9) (1.4) (1.7)
Cash flows from discontinued operations:      
Net cash flows (used in) provided by operating activities of discontinued operations (161.7) (7.9) 185.3
Net cash flows used in investing activities of discontinued operations (5.0) (51.2) (28.6)
Net cash flows provided by (used in) financing activities of discontinued operations 4.8 43.8 (74.5)
Net cash flows (used in) provided by discontinued operations (161.9) (15.3) 82.2
Effect of exchange rate changes on cash, cash equivalents and restricted cash 4.8 (27.0) 33.1
Net (decrease) increase in cash, cash equivalents and restricted cash (225.4) (68.3) 60.4
Cash, cash equivalents and restricted cash at beginning of period [2] 415.5 [1] 483.8 [1] 423.4
Cash, cash equivalents and restricted cash at end of period [1] 190.1 415.5 [2] 483.8 [2]
Continuing Operations      
Supplemental disclosure information of continuing operations:      
Cash paid for interest 125.4 293.4 315.7
Cash paid for income taxes $ 71.2 $ 78.9 $ 73.9
[1] Includes cash, cash equivalents and restricted cash of discontinued operations of $0.0 million, $181.9 million and $225.4 million at December 31, 2019, 2018 and 2017 respectively.
[2] Includes cash, cash equivalents and restricted cash of discontinued operations of $181.9 million, $225.4 million and $187.4 million at December 31, 2018, 2017 and 2016, respectively.