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Condensed Consolidated and Combined Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net income $ 18.6 $ 56.4
Adjustments to reconcile net income to net cash provided by (used for) operating activities    
Depreciation 9.6 8.4
Amortization 16.0 15.1
Deferred income taxes 26.0 (2.1)
Share-based compensation 1.9 4.3
Changes in assets and liabilities, net of effects of business acquisitions    
Accounts and notes receivable (2.6) (1.5)
Inventories (6.1) (16.8)
Other current assets (5.7) (8.8)
Accounts payable (33.3) (40.8)
Employee compensation and benefits (9.3) (11.2)
Other current liabilities (8.6) (2.5)
Other non-current assets and liabilities 0.2 (13.6)
Net cash provided by (used for) operating activities 6.7 (13.1)
Investing activities    
Capital expenditures (10.2) (9.2)
Proceeds from sale of property and equipment 1.1 6.0
Acquisitions, net of cash acquired (27.0) 0.0
Net cash provided by (used for) investing activities (36.1) (3.2)
Financing activities    
Net receipts of revolving long-term debt 150.0 0.0
Repayments of long-term debt (3.8) (2.5)
Dividends paid (29.7) (31.0)
Shares issued to employees, net of shares withheld 3.0 1.0
Repurchases of ordinary shares (3.2) (76.1)
Net cash provided by (used for) financing activities 116.3 (108.6)
Effect of exchange rate changes on cash and cash equivalents (5.4) (1.5)
Change in cash and cash equivalents 81.5 (126.4)
Cash and cash equivalents, beginning of period 106.4 159.0
Cash and cash equivalents, end of period $ 187.9 $ 32.6