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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Statement of Cash Flows [Abstract]    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 483.0 $ 320.0
Adjustments to net income:    
Depreciation and amortization 32.0 29.0
Equity Method Investment, Realized Gain (Loss) on Disposal (39.0) 0.0
Deferred Income Tax Expense (Benefit) 11.0 4.0
Gain (Loss) on Extinguishment of Debt 0.0 11.0
Other adjustments, net 5.0 3.0
Receivables (127.0) (74.0)
Prepaid expenses and other current assets 3.0 3.0
Inventories (55.0) (50.0)
Accounts payable and accrued liabilities (2.0) (3.0)
Income taxes payable, net of receivables (116.0) (71.0)
Net cash provided by operating activities 425.0 314.0
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property, plant, and equipment additions (92.0) (34.0)
Proceeds from Divestiture of Businesses 59.0 0.0
Other investing activities 1.0 2.0
Net cash used in investing activities (33.0) (32.0)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Issuance of Long-term Debt 0.0 350.0
Repayments of Long-term Debt 0.0 (359.0)
Payment of cash dividend (19.0) (17.0)
Purchase of stock (104.0) (122.0)
Other financing activities (15.0) (10.0)
Net cash used in financing activities (137.0) (158.0)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 11.0 (2.0)
Net increase in cash, cash equivalents and restricted cash 266.0 122.0
Cash, cash equivalents and restricted cash at beginning of period 371.0 535.0
Cash, cash equivalents and restricted cash at end of period 637.0 658.0
Income Taxes Paid, Net 12.0 21.0
Interest Paid, Including Capitalized Interest, Operating and Investing Activities 4.0 9.0
Capital Expenditures Incurred but Not yet Paid $ 41.0 $ 14.0