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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Activities      
Net income $ 155.9 $ 143.1 $ 151.3
Total Discontinued Operations, Net of Taxes 0.0 0.0 1.1
Income from continuing operations 155.9 143.1 150.2
Adjustments to reconcile income to net cash provided by operating activities:      
Depreciation 371.3 378.4 342.8
Gains on sales of assets (121.2) (99.4) (39.5)
Asset Impairment Charges 48.9 2.4 0.3
Employee benefit plans 1.8 8.8 6.9
Share-based Payment Arrangement, Noncash Expense 12.7 17.4 15.6
Deferred income taxes 36.3 34.2 29.1
Share of affiliates’ earnings, net of dividends 12.7 (1.2) (62.2)
Other 15.1 23.5 (6.4)
Net cash provided by operating activities 533.5 507.2 436.8
Investing Activities      
Additions to operating assets and facilities (1,255.8) (1,130.1) (860.8)
Acquisition of new businesses 0.0 (1.4) (203.2)
Investments in affiliates 0.0 (0.4) 0.0
Portfolio investments and capital additions (1,255.8) (1,131.9) (1,064.0)
Portfolio proceeds 269.6 187.1 131.1
Proceeds from sales of other assets 31.1 54.7 26.0
Payments to Acquire Short-Term Investments (148.5) 0.0 0.0
Payments for (Proceeds from) Other Investing Activities 30.1 (27.6) 2.0
Net cash used in investing activities (1,073.5) (917.7) (904.9)
Financing Activities      
Net proceeds from issuances of debt (original maturities longer than 90 days) 848.3 1,491.9 1,586.5
Repayments of debt (original maturities longer than 90 days) (250.0) (884.0) (1,100.0)
Net increase (decrease) in debt with original maturities of 90 days or less 0.0 (4.1) 6.4
Payments on capital lease obligations (1.5) (77.2) (40.0)
Stock repurchases (47.2) (13.1) 0.0
Dividends (76.6) (74.3) (71.0)
Other (add shares used to pay taxes) 31.4 23.9 (26.3)
Net cash (used in) provided by financing activities 504.4 463.1 355.6
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations (4.9) (1.8) (0.1)
Net Cash Used in Operating Activities 0.0 0.0 (8.5)
Net Cash Provided by Investing Activities (1) 0.0 1.1 240.9
Net Cash Provided by Financing Activities 0.0 0.0 21.8
Cash Provided by Discontinued Operations, Net 0.0 1.1 254.2
Net (decrease) increase in Cash, Cash Equivalents, and Restricted Cash during the year (40.5) 51.9 141.6
Cash, Cash Equivalents, and Restricted Cash at beginning of period 344.5 292.6 151.0
Cash, Cash Equivalents, and Restricted Cash at end of period $ 304.0 $ 344.5 $ 292.6