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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net income $ 385.9 $ 404.3
Loss from discontinued operations, net of tax 1.0 3.1
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 (1.2) (0.2)
Depreciation 39.9 38.3
Amortization 31.4 19.4
Deferred income taxes (37.5) (4.8)
Gain on sale of businesses (0.2) (1.4)
Share-based compensation 20.6 20.8
Amortization of Bridge Financing Fees 9.0 0.0
(Gain) loss on sale of assets (2.3) 0.7
Changes in assets and liabilities, net of effects of business acquisitions    
Accounts receivable 24.3 (78.2)
Inventories (170.6) (76.1)
Other current assets (27.1) (9.6)
Accounts payable (36.7) 79.3
Employee compensation and benefits (34.9) 30.7
Other current liabilities 79.8 118.2
Other non-current assets and liabilities (9.9) (4.1)
Net cash provided by operating activities of continuing operations 271.5 540.4
Net cash used for operating activities of discontinued operations (1.0) (0.3)
Net cash provided by operating activities 270.5 540.1
Investing activities    
Capital expenditures (63.2) (38.6)
Proceeds from sale of property and equipment 3.0 3.7
Proceeds from the sale of businesses, net 0.0 1.4
Acquisitions, net of cash acquired (1,592.8) (83.6)
Settlement of net investment hedges 8.8 0.0
Other 0.3 2.7
Net cash used for investing activities (1,643.9) (114.4)
Financing activities    
Net borrowings (repayments) of revolving long-term debt 256.1 (36.1)
Proceeds from long-term debt 1,391.3 0.0
Repayments of long-term debt (88.3) (103.8)
Debt issuance costs (15.7) 0.0
Shares issued to employees, net of shares withheld (4.0) 12.7
Repurchases of ordinary shares (50.0) (100.0)
Dividends paid (104.1) (99.9)
Receipts upon the maturity of cross currency swaps 0.2  
Payments upon the maturity of cross currency swaps   (14.7)
Net cash provided by (used for) financing activities 1,385.5 (341.8)
Effect of exchange rate changes on cash and cash equivalents 12.2 7.2
Change in cash and cash equivalents 24.3 91.1
Cash and cash equivalents, beginning of period 94.5 82.1
Cash and cash equivalents, end of period $ 118.8 $ 173.2