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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 loss $ (910.0) $ (132.0) $ (950.0)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation 133.0 132.0 119.0
Amortization of intangible assets 216.0 211.0 209.0
Goodwill impairment 773.0 291.0 1,187.0
Intangible asset impairment 241.0 16.0 100.0
Deferred income taxes (136.0) (130.0) (228.0)
Stock-based compensation expense 39.0 46.0 59.0
Equity in earnings from unconsolidated affiliates 0.0 4.0 36.0
Other non-cash (income) expense (9.0) (2.0) 60.0
Loss (gain) on disposal of property, plant and equipment 19.0 (3.0) 3.0
Changes in operating assets and liabilities:      
Accounts and notes receivable-trade, net 104.0 (58.0) 85.0
Inventories, net 17.0 6.0 (141.0)
Prepaid expenses and other current assets 38.0 (58.0) (33.0)
Other noncurrent assets (5.0) 4.0 1.0
Accounts payable (30.0) 14.0 30.0
Accrued liabilities (39.0) 17.0 (6.0)
Income taxes 38.0 (11.0) (15.0)
Other noncurrent liabilities (28.0) 30.0 1.0
Net cash provided by operating activities 461.0 377.0 517.0
Cash flows from investing activities:      
Cash received on sale of non-strategic businesses or product lines 0.0 13.0 0.0
Capital expenditures (180.0) (149.0) (149.0)
Cash received on derivative contracts 1.0 39.0 13.0
Cash paid on derivative contracts (12.0) 0.0 0.0
Other investing activities, net (6.0) 8.0 (2.0)
Net cash used in investing activities (197.0) (89.0) (138.0)
Cash flows from financing activities:      
Proceeds from long-term borrowings 1.0 0.0 6.0
Repayments on long-term borrowings (88.0) (7.0) (2.0)
Net borrowings on short-term borrowings 177.0 126.0 (64.0)
Cash paid for treasury stock (250.0) (300.0) (150.0)
Cash dividends paid (126.0) (116.0) (104.0)
Other financing activities, net (16.0) (10.0) (15.0)
Net cash used in financing activities (302.0) (307.0) (329.0)
Effect of exchange rate changes on cash and cash equivalents (24.0) (12.0) (24.0)
Net (decrease) increase in cash and cash equivalents (62.0) (31.0) 26.0
Cash and cash equivalents at beginning of period 334.0 365.0 339.0
Cash and cash equivalents at end of period 272.0 334.0 365.0
Supplemental disclosures of cash flow information:      
Interest paid, net of amounts capitalized 91.0 97.0 70.0
Income taxes paid, net of refunds 74.0 177.0 122.0
Non-cash investing activities:      
Change in accounts payable related to capital expenditures $ 8.0 $ 6.0 $ (6.0)