XML 23 R6.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income (loss) including noncontrolling interests $ 137.3 $ 82.0
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Depreciation and amortization 173.7 202.3
Amortization of debt issuance costs and discounts 1.6 1.8
Share-based compensation 8.5 8.3
(Gain) loss on sale or impairment of properties and other assets, net 22.4 2.8
Unrealized (gain) loss on foreign currency fluctuations and derivative instruments, net (169.6) (122.6)
Equity (income) loss 0.1 0.0
Income tax (benefit) expense 36.4 44.3
Income tax (paid) received (3.1) (9.1)
Interest expense, excluding amortization of debt issuance costs and discounts 62.2 64.1
Interest paid (81.2) (86.6)
Change in current assets and liabilities and other (307.6) (378.2)
Net cash provided by (used in) operating activities (119.3) (190.9)
Cash flows from investing activities:    
Additions to properties (243.8) (102.5)
Proceeds from sales of properties and other assets 13.2 1.1
Other 4.4 16.8
Net cash provided by (used in) investing activities (226.2) (84.6)
Cash flows from financing activities:    
Exercise of stock options under equity compensation plans 0.9 4.5
Dividends paid (82.4) 0.0
Payments on debt and borrowings (1.1) (0.9)
Proceeds on debt and borrowings 5.0 0.0
Purchases of treasury stock (14.1) 0.0
Net proceeds from (payments on) revolving credit facilities and commercial paper 156.3 0.5
Change in overdraft balances and other 7.9 40.9
Net cash provided by (used in) financing activities 72.5 45.0
Cash and cash equivalents    
Net increase (decrease) in cash and cash equivalents (273.0) (230.5)
Effect of foreign exchange rate changes on cash and cash equivalents (5.7) (6.9)
Balance at beginning of year 637.4 770.1
Balance at end of period $ 358.7 $ 532.7