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Consolidated and Combined Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net Cash Provided by (Used in) Operating Activities [Abstract]      
Net earnings $ 342,000,000.0 $ 436,500,000 $ 385,500,000
Non-cash items:      
Depreciation and amortization expense 78,300,000 84,500,000 86,400,000
Stock-based compensation expense 22,500,000 13,100,000 13,800,000
Impairment of goodwill 85,300,000 0 0
Impairment charges on intangible assets 0 0 500,000
Loss on disposition 0 100,000 0
Gain on sale of property, net (2,700,000) 0 (300,000)
Amortization of debt issuance costs 800,000 0 0
Change in accounts receivable, net (92,800,000) (111,900,000) (193,600,000)
Change in inventories (7,000,000.0) 25,300,000 (37,900,000)
Change in prepaid expenses and other current assets 7,500,000 (18,400,000) 9,400,000
Change in long-term financing receivables, net 134,700,000 134,600,000 109,200,000
Change in trade accounts payable 44,100,000 2,000,000.0 16,000,000.0
Change in accrued expenses and other current liabilities 114,000,000.0 (33,400,000) 26,200,000
Change in deferred income taxes (35,400,000) 12,800,000 5,800,000
Net cash provided by operating activities 691,300,000 545,200,000 421,000,000.0
Cash flows from investing activities:      
Cash paid for acquisitions and equity investments, net of cash received (9,500,000) (2,400,000) (80,800,000)
Payments for additions to property, plant and equipment (35,700,000) (38,000,000.0) (42,400,000)
Proceeds from sale of property 3,500,000 100,000 600,000
Net cash used in investing activities (41,700,000) (40,300,000) (122,600,000)
Cash flows from financing activities:      
Proceeds from stock option exercises 1,600,000 0 0
Consideration to Former Parent in connection with the Separation, net (1,635,000,000.0) 0 0
Net (repayments of) proceeds from related-party borrowings (23,400,000) (190,500,000) 16,300,000
Net (repayments of) proceeds from short-term borrowings (5,300,000) (2,500,000) 8,800,000
Net transfers to Former Parent (419,900,000) (299,400,000) (311,900,000)
Proceeds from issuance of long-term debt 1,800,000,000.0 0 0
Other financing activities (1,900,000) (7,400,000) (3,700,000)
Net cash used in financing activities (283,900,000) (499,800,000) (290,500,000)
Effect of exchange rate changes on cash and cash equivalents 14,800,000 (5,100,000) (7,900,000)
Net change in cash and cash equivalents 380,500,000 0 0
Beginning balance of cash and cash equivalents 0 0 0
Ending balance of cash and cash equivalents $ 380,500,000 $ 0 $ 0