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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income (loss) including noncontrolling interest $ 115.9 $ 74.2 $ 109.6
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities:      
Unrealized (gain) loss on derivatives 179.9 14.5 (23.2)
Depreciation and amortization 107.8 81.0 85.8
Provision for credit losses 7.7 6.3 63.7
Share-based payment award compensation costs 17.6 19.6 (0.9)
Deferred income tax expense (benefit) (18.5) (7.6) (14.4)
Unrealized foreign currency (gains) losses, net 21.7 (7.8) 0.6
Loss (gain) on sale of business 7.7 1.5 (80.0)
Other (0.8) 4.6 25.3
Changes in assets and liabilities, net of acquisitions and divestitures:      
Accounts receivable, net (870.7) (1,132.6) 1,300.3
Inventories (252.1) (135.2) 251.0
Prepaid expenses (25.2) (10.5) 28.1
Short-term derivative assets, net (351.2) (89.5) (6.9)
Other current assets (121.8) (32.1) 63.2
Cash collateral with counterparties (252.9) 22.9 44.2
Other non-current assets (133.9) (89.9) (8.7)
Accounts payable 1,060.7 1,143.8 (1,223.9)
Customer deposits 67.3 52.0 23.6
Short-term derivative liabilities, net 370.6 114.8 0.3
Accrued expenses and other current liabilities 78.2 64.2 (87.9)
Non-current income tax, net and other long-term liabilities 130.6 79.0 54.3
Net cash provided by (used in) operating activities 138.5 173.2 604.1
Cash flows from investing activities:      
Acquisition of business, net of cash acquired (643.9) (37.1) (128.6)
Proceeds from sale of business, net of divested cash 0.0 25.0 259.6
Capital expenditures (78.6) (39.2) (51.3)
Other investing activities, net (2.5) (7.1) (6.9)
Net cash provided by (used in) investing activities (724.9) (58.3) 72.8
Cash flows from financing activities:      
Borrowings of debt 6,944.9 0.3 2,095.4
Repayments of debt (6,611.2) (24.2) (2,207.4)
Dividends paid on common stock (31.0) (28.7) (25.6)
Repurchases of common stock (48.7) (50.5) (68.3)
Other financing activities, net (16.6) (10.5) (7.1)
Net cash provided by (used in) financing activities 237.3 (113.6) (213.0)
Effect of exchange rate changes on cash and cash equivalents (4.7) (7.8) 8.8
Net increase (decrease) in cash and cash equivalents (353.8) (6.6) 472.7
Cash and cash equivalents, as of the beginning of the period 652.2 658.8 186.1
Cash and cash equivalents, as of the end of the period 298.4 652.2 658.8
Supplemental Disclosures of Cash Flow Information      
Interest, net of capitalized interest 113.4 44.4 45.1
Income taxes $ 66.6 $ 39.0 $ 68.5