XML 26 R7.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES      
Net (loss) income including noncontrolling interest $ (1,185.5) $ 1,576.2 $ 1,440.3
Less: Net (loss) income from discontinued operations including noncontrolling interest (2,170.3) 133.3 174.4
Net income from continuing operations including noncontrolling interest 984.8 1,442.9 1,265.9
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation 594.3 569.1 535.9
Amortization 218.4 206.2 194.5
Deferred income taxes (45.8) (22.1) 122.6
Share-based compensation expense 82.1 84.0 88.0
Pension and postretirement plan contributions (70.7) (186.0) (60.0)
Pension and postretirement plan expense 42.0 22.6 25.7
Restructuring charges, net of cash paid 7.8 29.9 40.2
Debt refinancing 77.1    
Other, net 61.0 17.6 19.1
Changes in operating assets and liabilities, net of effect of acquisitions:      
Accounts receivable 155.6 (173.1) (132.5)
Inventories (179.5) 22.3 (100.5)
Other assets 42.3 (70.4) (76.8)
Accounts payable 55.9 22.9 99.8
Other liabilities (283.5) 80.8 (15.0)
Cash provided by operating activities - continuing operations 1,741.8 2,046.7 2,006.9
Cash provided by operating activities - discontinued operations 118.4 374.0 270.8
Cash provided by operating activities 1,860.2 2,420.7 2,277.7
INVESTING ACTIVITIES      
Capital expenditures (489.0) (731.3) (778.7)
Property and other assets sold 5.3 7.5 28.0
Acquisitions and investments in affiliates, net of cash acquired (487.0) (391.4) (229.8)
Divestiture of businesses 116.2 6.8 9.2
Other, net (3.2) (21.2) 9.4
Cash used for investing activities - continuing operations (857.7) (1,129.6) (961.9)
Cash provided by (used for) investing activities - discontinued operations 443.2 (69.5) (68.1)
Cash used for investing activities (414.5) (1,199.1) (1,030.0)
FINANCING ACTIVITIES      
Net issuances of commercial paper and notes payable (65.5) (252.0) 341.8
Long-term debt borrowings 1,855.9    
Long-term debt repayments (1,570.0) (400.6) (551.6)
Reacquired shares (146.2) (353.7) (562.4)
Dividends paid (560.8) (552.9) (494.8)
Exercise of employee stock options 241.5 186.8 114.5
Debt refinancing (77.1)    
Other, net (18.0) 25.8 (18.9)
Cash provided by (used for) financing activities - continuing operations (340.2) (1,346.6) (1,171.4)
Cash used for financing activities - discontinued operations (1.6) (3.0) (1.3)
Cash provided by (used for) financing activities (341.8) (1,349.6) (1,172.7)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (30.1) 20.4 7.6
Increase (decrease) in cash, cash equivalents and restricted cash 1,073.8 (107.6) 82.6
Cash, cash equivalents and restricted cash, beginning of period - continuing operations (a) 118.8 243.2 163.3
Cash, cash equivalents and restricted cash, beginning of period - discontinued operations 67.6 50.8 48.1
Cash, cash equivalents and restricted cash, beginning of period (a) 186.4 294.0 211.4
Cash, cash equivalents and restricted cash, end of period - continuing operations (b) 1,260.2 118.8 243.2
Cash, cash equivalents and restricted cash, end of period - discontinued operations   67.6 50.8
Cash, cash equivalents and restricted cash, end of period (b) 1,260.2 186.4 294.0
SUPPLEMENTAL CASH FLOW INFORMATION      
Income taxes paid 366.9 337.4 365.1
Net interest paid $ 262.5 $ 189.4 $ 206.4