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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income (loss) including noncontrolling interest $ 67.9 $ 53.7 $ 115.9
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities:      
Unrealized (gain) loss on derivatives 24.9 (267.5) 179.9
(Gain) loss on sale of business 15.2 (2.2) 7.7
Depreciation and amortization 106.4 104.5 107.8
Noncash operating lease expense 36.0 34.7 35.0
Provision for credit losses 12.0 4.7 7.7
Share-based payment award compensation costs 28.1 24.2 17.6
Deferred income tax expense (benefit) (15.3) (30.7) (18.5)
Unrealized foreign currency (gains) losses, net 30.6 (16.5) 21.7
Asset impairment charges 29.0 32.8 0.6
Other 16.6 25.2 23.2
Changes in assets and liabilities, net of acquisitions and divestitures:      
Accounts receivable, net 259.1 569.2 (870.7)
Inventories 133.0 186.8 (252.1)
Prepaid expenses (2.3) 6.7 (25.2)
Other current assets 20.7 (30.5) (124.2)
Cash collateral with counterparties 105.4 168.9 (252.9)
Other non-current assets (117.7) (88.0) (12.3)
Change in derivative assets and liabilities, net (3.4) (4.7) 2.9
Accounts payable (355.9) (441.9) 1,107.5
Accrued expenses and other current liabilities (164.1) (48.0) 147.8
Other long-term liabilities 33.7 (10.1) (80.7)
Net cash provided by (used in) operating activities 259.9 271.3 138.5
Cash flows from investing activities:      
Acquisition of business, net of cash acquired (40.0) (13.7) (643.9)
Proceeds from sale of business, net of divested cash 209.0 9.3 0.0
Capital expenditures (68.2) (87.6) (78.6)
Other investing activities, net (36.3) (9.1) (2.5)
Net cash provided by (used in) investing activities 64.5 (101.1) (724.9)
Cash flows from financing activities:      
Borrowings of debt 3,844.0 5,921.8 6,944.9
Repayments of debt (3,876.2) (6,224.4) (6,611.2)
Issuance of Convertible Notes 0.0 350.0 0.0
Dividends paid on common stock (38.5) (34.0) (31.0)
Repurchases of common stock (100.0) (60.1) (48.7)
Purchase of convertible note hedges 0.0 (70.5) 0.0
Sale of warrants 0.0 40.0 0.0
Payments of deferred consideration for acquisitions (51.8) (62.9) (12.0)
Other financing activities, net (8.0) (12.2) (4.6)
Net cash provided by (used in) financing activities (230.6) (152.4) 237.3
Effect of exchange rate changes on cash and cash equivalents (15.2) (12.0) (4.7)
Net increase (decrease) in cash and cash equivalents 78.7 5.9 (353.8)
Cash and cash equivalents, as of the beginning of the period 304.3 298.4 652.2
Cash and cash equivalents, as of the end of the period 382.9 304.3 298.4
Supplemental Disclosures of Cash Flow Information      
Interest, net of capitalized interest 113.6 130.4 113.4
Income taxes $ 60.6 $ 61.3 $ 66.6