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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows From Operating Activities    
Net (loss) income $ (36.8) $ 47.1
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Amortization of intangible assets 55.2 31.4
Depreciation in cost of sales 15.0 11.8
Depreciation in selling and administrative expenses 2.1 2.3
Stock-based compensation expense 3.5 7.5
Foreign currency transaction losses, net 2.6 3.1
Net loss on asset dispositions 0.0 0.1
Loss on extinguishment of debt 2.0 0.0
Deferred income taxes (1.1) (5.1)
Changes in assets and liabilities    
Receivables (4.1) 5.4
Inventories (23.6) (33.5)
Accounts payable 105.6 8.8
Accrued liabilities (79.1) 15.5
Other assets and liabilities, net 27.1 (25.6)
Net cash provided by operating activities 68.4 68.8
Cash Flows From Investing Activities    
Capital expenditures (8.3) (14.1)
Net cash acquired (paid) in business combinations 41.3 (0.5)
Disposals of property, plant and equipment 0.1 (0.1)
Net cash provided by (used) in investing activities 33.1 (14.7)
Cash Flows From Financing Activities    
Principal payments on long-term debt (1,590.6) (26.9)
Proceeds from long-term debt 1,586.0 0.0
Purchases of treasury stock (0.8) (8.5)
Proceeds from stock option exercises 2.7 18.1
Payments of contingent consideration (0.7) 0.0
Payments of debt issuance costs (37.5) 0.0
Payments of costs incurred to issue shares for Ingersoll Rand Industrial acquisition (1.0) 0.0
Net cash used in financing activities (41.9) (17.3)
Effect of exchange rate changes on cash and cash equivalents (9.4) 5.7
Net increase in cash and cash equivalents 50.2 42.5
Cash and cash equivalents, beginning of period 505.5 221.2
Cash and cash equivalents, end of period 555.7 263.7
Supplemental Cash Flow Information    
Cash paid for income taxes 12.4 13.5
Cash paid for interest 25.9 21.1
Debt issuance costs in accounts payable 4.3 0.0
Debt issuance costs in accrued liabilities 0.4 0.0
Leased assets obtained in exchange for new operating lease liabilities 1.0 1.7
Capital expenditures in accounts payable $ 4.4 $ 4.5