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Consolidated and Combined Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities      
Net income (loss) $ 86.5 $ (310.7) $ (47.9)
Adjustments to reconcile net income (loss) to cash flows from operating activities:      
Depreciation and amortization 296.0 318.4 254.4
Change in deferred income taxes (60.7) (13.4) (5.9)
Stock-based compensation expense 26.0 25.0 20.4
Asset impairment charges 120.5 110.6 98.3
Gain on sale of assets (0.8) (19.6) 0.0
Other non-cash operating activities, net 49.0 10.0 6.0
Other changes in operating assets and liabilities, net of acquisitions and divestitures:      
Receivables (122.0) 48.4 (80.7)
Inventories (20.1) (39.0) (89.1)
Other assets (3.2) 52.5 (36.7)
Accounts payable and other liabilities 116.1 (8.4) 37.1
Net Cash Provided by Operating Activities 487.3 173.8 155.9
Cash Flows from Investing Activities      
Purchases of property and equipment (134.5) (98.6) (110.3)
Disposals of property and equipment 9.4 37.6 7.4
Cash paid for acquisitions, net of cash acquired 0.0 (882.1) (45.0)
Other investing activities, net (1.9) (21.5) (34.2)
Net Cash Used for Investing Activities (127.0) (964.6) (182.1)
Cash Flows from Financing Activities      
Proceeds from issuance of long-term debt (Note 9) 2,500.0 0.0 0.0
Repayments of borrowings (7.5) 0.0 0.0
Proceeds from issuance of common stock (Note 1) 1,659.7 0.0 0.0
Debt issuance costs (24.5) 0.0 0.0
Consideration paid to Lilly in connection with the Separation (Note 1) (3,991.3) 0.0 0.0
Other financing activities, net (17.2) (0.8) 0.0
Other net transactions with Lilly (154.4) 848.3 (149.6)
Net Cash Used for Financing Activities (35.2) 847.5 (149.6)
Effect of exchange rate changes on cash and cash equivalents 29.0 7.9 (26.0)
Net increase in cash, cash equivalents and restricted cash 354.1 64.6 (201.8)
Cash, cash equivalents and restricted cash at beginning of period 323.4 258.8 460.6
Cash, cash equivalents and restricted cash at end of period 677.5 323.4 258.8
Cash, cash equivalents and restricted cash at end of period $ 677.5 $ 323.4 $ 258.8