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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income (loss) including noncontrolling interest $ 27.2 $ 22.6
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities:    
Unrealized (gain) loss on derivatives 16.7 (94.1)
Depreciation and amortization 25.3 25.8
Noncash operating lease expense 8.4 8.6
Provision for credit losses 3.0 0.3
Share-based payment award compensation costs 5.9 6.1
Deferred income tax expense (benefit) (25.9) (2.8)
Unrealized foreign currency (gains) losses, net 14.4 (15.0)
Other 6.4 5.2
Changes in assets and liabilities, net of acquisitions and divestitures:    
Accounts receivable, net 36.1 295.7
Inventories 11.3 161.4
Prepaid expenses (0.7) 2.0
Other current assets 37.0 8.1
Cash collateral with counterparties 122.5 96.9
Other non-current assets (28.1) (7.3)
Change in derivative assets and liabilities, net 0.3 0.5
Accounts payable (122.6) (312.2)
Accrued expenses and other current liabilities (29.5) (56.3)
Other long-term liabilities 2.4 (2.4)
Net cash provided by (used in) operating activities 110.2 143.0
Cash flows from investing activities:    
Capital expenditures (17.5) (18.8)
Other investing activities, net 0.6 (4.7)
Net cash provided by (used in) investing activities (16.9) (23.5)
Cash flows from financing activities:    
Borrowings of debt 939.0 2,101.0
Repayments of debt (942.9) (2,224.1)
Dividends paid on common stock (8.4) (8.6)
Payments of deferred consideration for acquisitions 50.7 60.8
Other financing activities, net (1.3) (0.3)
Net cash provided by (used in) financing activities (64.3) (192.8)
Cash and cash equivalents reclassified as assets held for sale (6.2) 0.0
Effect of exchange rate changes on cash and cash equivalents (5.8) (8.3)
Net increase (decrease) in cash and cash equivalents 17.1 (81.7)
Cash and cash equivalents, as of the beginning of the period 304.3 298.4
Cash and cash equivalents, as of the end of the period $ 321.3 $ 216.7