XML 19 R6.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net income (loss) including noncontrolling interests $ 419.3 $ 185.2
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Depreciation and amortization 339.9 345.4
Amortization of debt issuance costs and discounts 2.9 4.1
Share-based compensation 20.3 16.9
(Gain) loss on sale or impairment of properties and other assets, net (1.9) 21.6
Unrealized (gain) loss on foreign currency fluctuations and derivative instruments, net 111.6 105.7
Equity (income) loss (7.3) (2.6)
Income tax (benefit) expense 123.7 43.4
Income tax (paid) received (78.2) (7.8)
Interest expense, excluding amortization of debt issuance costs and discounts 118.4 127.2
Interest paid (109.4) (119.5)
Change in current assets and liabilities and other (44.9) (52.8)
Net cash provided by (used in) operating activities 894.4 666.8
Cash flows from investing activities    
Additions to properties (335.1) (388.7)
Proceeds from sales of properties and other assets 5.5 15.0
Other (11.0) 4.2
Net cash provided by (used in) investing activities (340.6) (369.5)
Cash flows from financing activities    
Exercise of stock options under equity compensation plans 7.2 1.5
Dividends paid (178.2) (164.9)
Payments for purchases of treasury stock (26.7) (26.2)
Payments on debt and borrowings (6.1) (502.4)
Proceeds on debt and borrowings 7.0 5.0
Net proceeds from (payments on) revolving credit facilities and commercial paper 0.0 225.9
Other (5.1) (8.7)
Net cash provided by (used in) financing activities (201.9) (469.8)
Effect of foreign exchange rate changes on cash and cash equivalents 9.0 (22.8)
Net increase (decrease) in cash and cash equivalents 360.9 (195.3)
Balance at beginning of year 600.0 637.4
Balance at end of period $ 960.9 $ 442.1