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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ 156.4 $ (110.9)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities (Net of Acquisitions and Divestitures):    
Depreciation 122.6 131.7
Amortization 260.0 222.7
Goodwill Impairment 0.0 57.3
Asset Impairments 1.5 6.1
Loss on Assets Held for Sale 4.3 112.7
Noncash Lease Expense 33.0 31.6
Share-Based Compensation Expense 26.9 49.1
Financing Fee Expense 9.4 29.8
Benefit from Deferred Income Taxes (89.0) (89.4)
Other Non-Cash Changes 6.5 5.6
Change in Operating Assets and Liabilities, Net of Acquisitions and Divestitures    
Receivables 27.3 29.2
Inventories (54.3) 206.7
Accounts Payable 0.7 (18.7)
Other Assets and Liabilities (109.1) (149.5)
Net Cash Provided by Operating Activities 396.2 514.0
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to Property, Plant and Equipment (80.2) (88.7)
Business Acquisitions, Net of Cash Acquired 0.0 (4,870.2)
Proceeds Received from Sales of Property, Plant and Equipment 1.3 6.3
Proceeds Received from Sale of Businesses, Net of Cash Transferred 374.8 0.0
Net Cash Provided by (Used in) Investing Activities 295.9 (4,952.6)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings Under Revolving Credit Facility 1,316.2 1,801.3
Repayments Under Revolving Credit Facility (1,380.5) (2,213.8)
Proceeds from Short-Term Borrowings 0.0 34.7
Repayments of Short-Term Borrowings 0.0 (38.2)
Proceeds from Long-Term Borrowings 0.0 5,532.9
Repayments of Long-Term Borrowings (668.4) (624.7)
Dividends Paid to Shareholders (69.9) (69.6)
Shares Surrendered for Taxes (12.4) (11.5)
Proceeds from the Exercise of Stock Options 4.1 3.1
Financing Fees Paid 0.0 (51.1)
Repurchase of Common Stock (50.0) 0.0
Distributions to Noncontrolling Interests 0.0 (8.4)
Net Cash (Used in) Provided By Financing Activities (860.9) 4,354.7
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS (6.1) (5.8)
Net (Decrease) Increase in Cash and Cash Equivalents (174.9) (89.7)
Cash and Cash Equivalents at Beginning of Period 635.3 688.5
Cash and Cash Equivalents at End of Period 460.4 598.8
Cash Paid For:    
Interest 284.7 209.5
Income taxes 128.9 166.9
Cash and Cash Equivalents Presentation:    
Cash and Cash Equivalents 458.6 540.6
Assets Held for Sale 1.8 58.2
Total Cash and Cash Equivalents $ 460.4 $ 598.8