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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income (loss) including noncontrolling interests $ 1,008.5 $ (945.7) $ 246.2
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 786.1 922.0 859.0
Amortization of debt issuance costs and discounts 6.7 8.1 13.6
Share-based compensation 32.1 24.2 8.5
(Gain) loss on sale or impairment of properties and other assets, net 9.1 1,553.5 614.7
Unrealized (gain) loss on foreign currency fluctuations and derivative instruments, net (233.8) (111.4) 18.9
Income tax (benefit) expense 230.5 301.8 233.7
Income tax (paid) received (227.0) (127.0) (57.0)
Interest expense, excluding amortization of debt issuance costs and discounts 253.6 266.0 272.4
Interest paid (256.2) (271.9) (285.0)
Change in current assets and liabilities (net of impact of business combinations) and other:      
Receivables (137.6) 160.8 38.5
Inventories (143.9) (46.2) (17.7)
Payables and other current liabilities 285.5 (50.1) (53.0)
Other assets and other liabilities (40.1) 11.6 4.5
Net cash provided by (used in) operating activities 1,573.5 1,695.7 1,897.3
Cash flows from investing activities:      
Additions to properties (522.6) (574.8) (593.8)
Proceeds from sales of properties and other assets 26.0 158.8 115.9
Other (13.3) 2.4 44.6
Net cash provided by (used in) investing activities (509.9) (413.6) (433.3)
Cash flows from financing activities:      
Exercise of stock options under equity compensation plans 4.6 4.1 1.6
Dividends paid (147.8) (125.3) (424.4)
Payments on debt and borrowings (1,006.6) (918.9) (1,586.2)
Proceeds on debt and borrowings 0.0 1.5 3.0
Net proceeds from (payments on) revolving credit facilities and commercial paper 1.4 0.0 (4.7)
Other (23.8) (31.8) 3.7
Net cash provided by (used in) financing activities (1,172.2) (1,070.4) (2,007.0)
Cash and cash equivalents:      
Net increase (decrease) in cash and cash equivalents (108.6) 211.7 (543.0)
Effect of foreign exchange rate changes on cash and cash equivalents (24.1) 35.0 8.5
Balance at beginning of year 770.1 523.4 1,057.9
Balance at end of year $ 637.4 $ 770.1 $ 523.4