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Condensed Consolidated and Combined Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net income $ 44.4 $ 117.3
Adjustments to reconcile net income to net cash provided by (used for) operating activities    
Depreciation 19.0 17.2
Amortization 32.0 30.2
Deferred income taxes 26.2 (2.2)
Share-based compensation 6.1 8.4
Changes in assets and liabilities, net of effects of business acquisitions    
Accounts and notes receivable 31.9 (7.6)
Inventories (2.9) (19.7)
Other current assets 10.0 (7.5)
Accounts payable (49.3) (44.0)
Employee compensation and benefits (9.4) (11.9)
Other current liabilities (16.5) (21.5)
Other non-current assets and liabilities (1.0) (0.9)
Net cash provided by (used for) operating activities 90.5 57.8
Investing activities    
Capital expenditures (17.2) (17.6)
Proceeds from sale of property and equipment 1.4 6.1
Acquisitions, net of cash acquired (27.0) 0.0
Net cash provided by (used for) investing activities (42.8) (11.5)
Financing activities    
Net receipts of revolving long-term debt 150.0 119.0
Repayments of long-term debt (7.5) (5.0)
Dividends paid (59.5) (61.5)
Shares issued to employees, net of shares withheld 2.7 5.2
Repurchases of ordinary shares (3.2) (235.7)
Net cash provided by (used for) financing activities 82.5 (178.0)
Effect of exchange rate changes on cash and cash equivalents (1.6) (2.0)
Change in cash and cash equivalents 128.6 (133.7)
Cash and cash equivalents, beginning of period 106.4 159.0
Cash and cash equivalents, end of period $ 235.0 $ 25.3