XML 23 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net income $ 553.0 $ 358.6 $ 355.7
Loss (income) from discontinued operations, net of tax 3.0 (1.5) 6.0
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities of continuing operations      
Equity income of unconsolidated subsidiaries (0.3) (1.4) (3.5)
Depreciation 51.2 46.7 48.3
Amortization 26.3 28.4 31.7
(Gain) loss on sale of businesses (1.4) 0.1 (2.2)
Deferred income taxes (9.0) 4.6 (18.4)
Share-based compensation 29.8 20.3 21.4
Asset impairment 0.0 0.0 21.2
Pension and other post-retirement expense 2.8 12.2 1.9
Pension and other post-retirement contributions (9.4) (8.4) (20.9)
Changes in assets and liabilities, net of effects of business acquisitions      
Accounts receivable (142.0) 148.3 (17.5)
Inventories (121.4) (29.1) 13.6
Other current assets (12.3) (2.3) (18.4)
Accounts payable 114.2 (81.9) (63.6)
Employee compensation and benefits 24.5 42.5 (19.1)
Other current liabilities 116.2 32.0 (0.4)
Other non-current assets and liabilities (11.6) 5.1 9.4
Net cash provided by operating activities of continuing operations 613.6 574.2 345.2
Net cash (used for) provided by operating activities of discontinued operations (0.4) (0.6) 7.8
Net cash provided by operating activities of continuing operations 613.2 573.6 353.0
Investing activities      
Capital expenditures (60.2) (62.2) (58.5)
Proceeds from sale of property and equipment 3.9 0.1 0.6
Proceeds from sale of businesses, net 1.4 0.0 15.3
Acquisitions, net of cash acquired (338.5) (58.0) (287.8)
Other 2.7 2.2 (1.5)
Net cash used for investing activities (390.7) (117.9) (331.9)
Financing activities      
Net borrowings (repayments) of revolving long-term debt 158.9 (117.5) 51.5
Proceeds from long-term debt 0.0 0.0 600.0
Repayment of long-term debt (103.8) (74.0) (401.5)
Shares issued to employees, net of shares withheld 22.2 32.9 12.5
Repurchases of ordinary shares (150.0) (150.2) (150.0)
Dividends paid (133.0) (127.1) (122.7)
Payments upon the maturity of cross currency swaps (14.7) 0.0 0.0
Other 1.8 0.0 6.9
Net cash used for financing activities (222.2) (435.9) (17.1)
Effect of exchange rate changes on cash and cash equivalents 12.1 (20.2) 4.2
Change in cash and cash equivalents 12.4 (0.4) 8.2
Cash and cash equivalents, beginning of year 82.1 82.5 74.3
Cash and cash equivalents, end of year 94.5 82.1 82.5
Supplemental disclosure of cash flow information:      
Cash paid for interest, net 29.9 41.0 33.7
Cash paid for income taxes, net $ 71.8 $ 67.7 $ 59.0