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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net (loss) income $ (139.9) $ 39.2
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation 32.2 34.9
Amortization of intangible assets 47.2 48.2
Amortization of deferred financing costs 0.7 0.7
Goodwill impairment 156.6 0.0
Indefinite-lived intangible asset impairment 38.7 5.3
Deferred income taxes (8.1) (6.0)
Stock based compensation expense 9.5 9.2
Restructuring and other costs - non-cash 1.9 9.7
Other non-cash expense (income) 8.1 (7.8)
Loss (gain) on disposal of property, plant and equipment 0.2 (0.1)
Gain on divestiture of noncontrolling interest 0.0 (8.7)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts and notes receivable-trade, net 53.3 36.5
Inventories, net (57.3) (31.5)
Prepaid expenses and other current assets, net (27.2) (16.3)
Other noncurrent assets, net (6.8) 4.8
Accounts payable (28.9) (11.3)
Accrued liabilities (95.1) (90.1)
Income taxes 7.0 12.3
Other noncurrent liabilities (2.8) 0.3
Net cash (used in) provided by operating activities (10.7) 29.3
Cash flows from investing activities:    
Capital expenditures (25.6) (33.9)
Cash paid on sale of non-strategic businesses or product lines 0.0 (1.0)
Cash received on derivatives contracts 9.4 22.7
Purchase of short-term investments 0.0 (0.8)
Proceeds from sale of property, plant, and equipment, net 0.7 0.3
Net cash used in investing activities (15.5) (12.7)
Cash flows from financing activities:    
Proceeds (repayments) on short-term borrowings, net 30.8 (67.9)
Cash paid for treasury stock (140.0) 0.0
Cash dividends paid (22.1) (19.5)
Proceeds from long-term borrowings, net of deferred financing costs 0.0 0.9
Repayments on long-term borrowings (0.8) (1.9)
Proceeds from exercised stock options 3.8 19.8
Cash paid for contingent consideration on prior acquisitions (1.6) (30.6)
Net cash used in financing activities (129.9) (99.2)
Effect of exchange rate changes on cash and cash equivalents (12.9) (1.6)
Net decrease in cash and cash equivalents (169.0) (84.2)
Cash and cash equivalents at beginning of period 404.9 309.6
Cash and cash equivalents at end of period $ 235.9 $ 225.4