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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Operating activities      
Net income $ 128.6 $ 72.7  
Loss from discontinued operations, net of tax 2.5 0.0  
Adjustments to reconcile net income from continuing operations to net cash provided by (used for) operating activities of continuing operations      
Equity income of unconsolidated subsidiaries (0.2) 0.5  
Depreciation 12.7 11.6  
Amortization 7.1 7.6  
Deferred income taxes (2.8) 14.0  
Share-based compensation 5.6 6.2  
Changes in assets and liabilities, net of effects of business acquisitions      
Accounts receivable (202.4) (167.1)  
Inventories (12.5) (20.1)  
Other current assets (16.6) (13.4)  
Accounts payable 54.8 (49.9)  
Employee compensation and benefits (14.8) (0.8)  
Other current liabilities 17.7 (22.3)  
Other non-current assets and liabilities 1.5 (1.4)  
Net cash used for operating activities of continuing operations (18.8) (162.4)  
Net cash used for operating activities of discontinued operations (0.2) 0.0  
Net cash used for operating activities (19.0) (162.4)  
Investing activities      
Capital expenditures (13.2) (18.7)  
Proceeds from sale of property and equipment 3.4 0.1  
Acquisitions, net of cash acquired 0.0 (7.2) $ (58.0)
Net cash used for investing activities (9.8) (25.8)  
Financing activities      
Net borrowings of commercial paper and revolving long-term debt 92.4 420.9  
Shares issued to employees, net of shares withheld (0.2) 5.2  
Repurchases of ordinary shares (9.6) (115.2)  
Dividends paid (33.3) (32.1)  
Payments upon the maturity of cross currency swaps (14.7) 0.0  
Net cash provided by financing activities 34.6 278.8  
Effect of exchange rate changes on cash and cash equivalents 7.1 (3.8)  
Change in cash and cash equivalents 12.9 86.8  
Cash and cash equivalents, beginning of period 82.1 82.5 82.5
Cash and cash equivalents, end of period $ 95.0 $ 169.3 $ 82.1