XML 18 R7.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENT OF CASH FLOWS
€ in Millions, $ in Millions
6 Months Ended
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
OPERATING ACTIVITIES    
Net (loss) income including noncontrolling interest $ (1,739.7) $ 672.6
Less: Net (loss) income from discontinued operations including noncontrolling interest (2,170.3) 69.7
Net income from continuing operations including noncontrolling interest 430.6 602.9
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 293.0 281.2
Amortization 103.2 103.5
Deferred income taxes (25.0) 9.0
Share-based compensation expense 53.7 55.4
Pension and postretirement plan contributions (34.1) (31.0)
Pension and postretirement plan expense 17.1 7.1
Restructuring charges, net of cash paid (23.3) 16.8
Other, net 53.8 10.4
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable 96.1 (81.2)
Inventories (151.9) (51.6)
Other assets (49.3) (64.4)
Accounts payable 20.1 30.4
Other liabilities (143.8) (124.2)
Cash provided by operating activities - continuing operations 640.2 764.3
Cash provided by operating activities - discontinued operations 118.4 153.3
Cash provided by operating activities 758.6 917.6
INVESTING ACTIVITIES    
Capital expenditures (250.6) (340.5)
Property and other assets sold 1.7 2.5
Acquisitions and investments in affiliates, net of cash acquired (486.8) (288.8)
Divestiture of businesses 55.4 0.4
Other, net (9.4) 2.5
Cash used for investing activities - continuing operations (689.7) (623.9)
Cash provided by (used for) investing activities - discontinued operations 510.8 (33.6)
Cash used for investing activities (178.9) (657.5)
FINANCING ACTIVITIES    
Net issuances of commercial paper and notes payable 454.4 434.4
Long-term debt borrowings 768.9  
Long-term debt repayments (300.0) (400.0)
Reacquired shares (104.7) (347.5)
Dividends paid (283.2) (279.8)
Exercise of employee stock options 188.7 119.7
Acquisition related liabilities and contingent consideration (0.9) (0.5)
Other, net (2.6)  
Cash provided by (used for) financing activities - continuing operations 720.6 (473.7)
Cash used for financing activities - discontinued operations (1.6) (1.9)
Cash provided by (used for) financing activities 719.0 (475.6)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (48.5) 7.3
Increase (decrease) in cash, cash equivalents and restricted cash 1,250.2 (208.2)
Cash, cash equivalents and restricted cash, beginning of period - continuing operations (a) 118.8 230.1
Cash, cash equivalents and restricted cash, beginning of period - discontinued operations 67.6 63.9
Cash, cash equivalents and restricted cash, beginning of period (a) 186.4 294.0
Cash, cash equivalents and restricted cash, end of period - continuing operations (b) 1,369.0 15.7
Cash, cash equivalents and restricted cash, end of period - discontinued operations   70.0
Cash, cash equivalents and restricted cash, end of period (b) $ 1,369.0 $ 85.8