XML 52 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Statement of Cash Flows [Abstract]      
Net Income (Loss) $ 246.2 $ 1,134.6 $ 1,587.8
Cash flows from operating activities:      
Net income (loss) including noncontrolling interests 246.2 1,134.6 1,587.8
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 859.0 857.5 812.8
Amortization of debt issuance costs and discounts 13.6 12.7 23.2
Share-based compensation 8.5 42.6 58.3
(Gain) loss on sale or impairment of properties and other assets, net 614.7 (8.1) (0.4)
Unrealized (Gain) Loss on Foreign Currency Fluctuations and Derivative Instruments, net 18.9 193.1 (124.3)
Income tax (benefit) expense 233.7 225.2 (204.6)
Income tax (paid) received (57.0) 32.3 86.0
Interest expense, excluding interest amortization 272.4 304.2 338.8
Interest paid (285.0) (308.7) (350.3)
Pension (benefit) expense (10.1) (57.2) (67.8)
Pension contributions paid (5.1) (8.9) (310.0)
Change in current assets and liabilities (net of impact of business combinations) and other:      
Receivables 38.5 (38.4) (7.2)
Inventories (17.7) (10.6) 21.3
Payables and other current liabilities (53.0) 27.6 31.0
Other assets and other liabilities 19.7 (66.6) (28.3)
Net cash provided by operating activities 1,897.3 2,331.3 1,866.3
Cash flows from investing activities:      
Additions to properties (593.8) (651.7) (599.6)
Proceeds from sales of properties and other assets 115.9 32.5 60.5
Other 44.6 (49.9) 0.9
Net cash used in investing activities (433.3) (669.1) (538.2)
Cash flows from financing activities:      
Exercise of stock options under equity compensation plans 1.6 16.0 4.0
Dividends paid (424.4) (354.2) (353.4)
Payments on debt and borrowings (1,586.2) (319.8) (3,000.1)
Proceeds on debt and borrowings 3.0 0.0 1,536.0
Net proceeds from (payments on) revolving credit facilities and commercial paper (4.7) (374.3) 374.3
Other 3.7 23.4 (57.2)
Net Cash Provided by (Used in) Financing Activities (2,007.0) (1,008.9) (1,496.4)
Cash and cash equivalents:      
Net increase (decrease) in cash and cash equivalents (543.0) 653.3 (168.3)
Effect of foreign exchange rate changes on cash and cash equivalents 8.5 (14.0) 26.0
Balance at beginning of year 1,057.9 418.6 560.9
Balance at end of year $ 523.4 $ 1,057.9 $ 418.6