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COMBINED STATEMENTS OF CASH FLOWS (Condensed) (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flow from Operating Activities    
Net (loss)/earnings $ (41.8) $ 4.9
Net loss from discontinued operations (130.3) (12.8)
Net earnings from continuing operations 88.5 17.7
Non-cash integration and restructuring charges 12.1 0.0
Depreciation and amortization 84.3 70.8
Deferred income taxes 2.1 (1.2)
Share-based compensation expense 21.2 20.8
Mandatory transition tax 0.0 0.7
Inventory step up 0.0 33.7
Non-cash items included in income, net 22.6 (3.0)
Other, net 0.2 (16.7)
Changes in current assets and liabilities used in operations 0.9 (92.4)
Net cash from operating activities from continuing operations 231.9 30.4
Net cash used by operating activities from discontinued operations (12.9) (23.4)
Net cash from operating activities 219.0 7.0
Cash Flow from Investing Activities    
Capital expenditures (44.4) (36.4)
Proceeds from sale of assets 1.5 0.1
Acquisitions, net of cash acquired (4.5) (2,453.8)
Net cash used by investing activities from continuing operations (47.4) (2,490.1)
Net cash from/(used by) investing activities from discontinued operations 280.9 (403.1)
Net cash from/(used by) investing activities 233.5 (2,893.2)
Cash Flow from Financing Activities    
Cash proceeds from issuance of debt with original maturities greater than 90 days 620.6 1,800.0
Payments on debt with maturities greater than 90 days (770.3) (513.8)
Net increase/(decrease) in debt with original maturities of 90 days or less 171.5 (204.5)
Debt issuance costs (6.1) (40.1)
Net proceeds from issuance of mandatory convertible preferred stock 0.0 199.5
Net proceeds from issuance of common stock 0.0 205.3
Dividends paid on mandatory convertible preferred stock (12.1) (4.0)
Dividends paid on common stock (64.3) (61.7)
Common stock purchased (45.0) (45.0)
Taxes paid for withheld share-based payments (9.7) (7.2)
Net cash (used by)/from financing activities from continuing operations (115.4) 1,328.5
Net cash used by financing activities from discontinued operations (1.1) (2.9)
Net cash (used by)/from financing activities (116.5) 1,325.6
Effect of exchange rate changes on cash 1.1 (1.3)
Net increase/(decrease) in cash, cash equivalents, and restricted cash from continuing operations 70.2 (1,132.5)
Net increase/(decrease) in cash, cash equivalents, and restricted cash from discontinued operations 266.9 (429.4)
Net increase/(decrease) in cash, cash equivalents, and restricted cash 337.1 (1,561.9)
Cash, cash equivalents, and restricted cash, beginning of period 258.5 1,768.3
Cash, cash equivalents, and restricted cash, end of period $ 595.6 $ 206.4