XML 19 R8.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income (loss) including noncontrolling interest $ 18.8 $ 41.6
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities:    
Depreciation and amortization 19.8 21.8
Provision for credit losses 3.6 9.9
Share-based payment award compensation costs 8.7 (1.8)
Deferred income tax expense (benefit) (6.8) (11.7)
Foreign currency (gains) losses, net (12.9) (19.8)
Other (5.5) (40.9)
Changes in assets and liabilities, net of acquisitions and divestitures:    
Accounts receivable, net (438.8) 900.4
Inventories 11.0 245.3
Prepaid expenses (3.0) 20.7
Short-term derivative assets, net 77.3 (189.3)
Other current assets 69.3 17.7
Cash collateral with counterparties (4.4) (36.9)
Other non-current assets (4.0) (29.5)
Accounts payable 394.3 (1,057.5)
Customer deposits (22.8) 3.7
Accrued expenses and other current liabilities 0.8 101.5
Non-current income tax, net and other long-term liabilities (1.8) 34.3
Total adjustments 84.6 (32.1)
Net cash provided by (used in) operating activities 103.4 9.5
Cash flows from investing activities:    
Acquisition of business, net of cash acquired 0.0 (130.5)
Capital expenditures (2.0) (17.4)
Other investing activities, net (0.6) (1.1)
Net cash provided by (used in) investing activities (2.7) (149.0)
Cash flows from financing activities:    
Borrowings of debt 0.2 1,732.0
Repayments of debt (4.5) (1,161.3)
Dividends paid on common stock (6.1) (6.5)
Repurchases of common stock 0.0 (55.6)
Other financing activities, net (10.4) (1.5)
Net cash provided by (used in) financing activities (20.8) 507.0
Effect of exchange rate changes on cash and cash equivalents (3.5) (16.5)
Net increase (decrease) in cash and cash equivalents 76.5 351.0
Cash and cash equivalents, as of the beginning of the period 658.8 186.1
Cash and cash equivalents, as of the end of the period $ 735.3 $ 537.0