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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net (loss) earnings $ (194.9) $ 4.4
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:    
Depreciation and amortization 54.2 57.8
Impairment charges 134.4 0.0
Gain on sale of assets 0.0 (0.8)
Stock-based compensation expense 4.2 5.2
Deferred income taxes 77.5 0.2
Other - net 4.7 3.5
Changes in operating assets and liabilities:    
Trade accounts receivable 24.5 52.6
Inventories 9.9 (23.6)
Accounts payable 1.1 (32.4)
Other assets and liabilities 30.9 (21.0)
Net cash provided by operating activities 146.5 45.9
Cash flows from investing activities:    
Expenditures for property, plant and equipment (23.7) (58.2)
Proceeds from dispositions of assets 0.7 6.5
Proceeds from sale of investment in affiliate 0.0 3.8
Other - net 0.6 0.8
Net cash used for investing activities (22.4) (47.1)
Cash flows from financing activities:    
Borrowings of debt 12.0 600.1
Repayments of debt (134.5) (601.3)
Borrowings on bank overdraft facilities - net 3.5 5.0
Financing fees paid (0.8) (1.1)
Purchase of treasury stock under share repurchase program 0.0 (2.4)
Dividend paid to noncontrolling interest 0.0 (1.3)
Other - net (0.8) (2.9)
Net cash used for financing activities (120.6) (3.9)
Effect of exchange rate changes on cash 3.6 (0.5)
Net increase (decrease) in cash, cash equivalents, restricted cash and cash held for sale 7.1 (5.6)
Cash, cash equivalents, restricted cash and cash held for sale - beginning of period 71.3 42.2
Cash, cash equivalents, restricted cash and cash held for sale - end of period $ 78.4 $ 36.6