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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net income (loss) including noncontrolling interests $ 403.3 $ 926.1
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Depreciation and amortization 515.6 604.2
Amortization of debt issuance costs and discounts 6.2 4.8
Share-based compensation 25.7 24.7
(Gain) loss on sale or impairment of properties and other assets, net 16.8 (10.2)
Unrealized (gain) loss on foreign currency fluctuations and derivative instruments, net 217.7 (312.1)
Equity (income) loss (3.7) 0.0
Income tax (benefit) expense 98.3 203.4
Income tax (paid) received (71.2) (92.3)
Interest expense, excluding amortization of debt issuance costs and discounts 185.0 193.3
Interest paid (211.5) (220.6)
Change in current assets and liabilities and other (64.7) (53.6)
Net cash provided by (used in) operating activities 1,117.5 1,267.7
Cash flows from investing activities    
Additions to properties (530.7) (363.4)
Proceeds from sales of properties and other assets 22.1 24.1
Other 3.7 (13.8)
Net cash provided by (used in) investing activities (504.9) (353.1)
Cash flows from financing activities    
Exercise of stock options under equity compensation plans 2.5 4.6
Dividends paid (247.1) (73.9)
Payments on debt and borrowings (507.3) (1,005.0)
Proceeds on debt and borrowings 7.0 0.0
Purchases of treasury stock (38.8) 0.0
Net proceeds from (payments on) revolving credit facilities and commercial paper 121.1 46.4
Change in overdraft balances and other (10.2) (21.7)
Net cash provided by (used in) financing activities (672.8) (1,049.6)
Cash and cash equivalents    
Effect of foreign exchange rate changes on cash and cash equivalents (52.0) (18.8)
Net increase (decrease) in cash and cash equivalents (112.2) (153.8)
Balance at beginning of year 637.4 770.1
Balance at end of period $ 525.2 $ 616.3