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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net income $ 62.9 $ 191.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 57.0 54.0
Impairment of long-lived assets 97.7  
Provision for uncollectible accounts 3.8 1.7
Deferred income tax benefit (33.5) (0.1)
Stock-based compensation expense 8.9 8.2
Other 9.7 1.7
Changes in operating assets and liabilities (excluding effect of businesses acquired):    
Accounts receivable (155.8) (180.7)
Inventories 12.4 (119.0)
Prepaid expenses and other assets 68.3 41.2
Accounts payable and other liabilities 39.4 118.6
Net cash provided by operating activities 170.8 117.2
Investing activities:    
Purchases of property, plant and equipment (55.5) (53.0)
Other 0.5 4.3
Net cash used in investing activities (55.0) (48.7)
Financing activities:    
Proceeds from long-term debt borrowings 667.0 374.0
Principal payments on long-term debt (419.0) (391.0)
Dividends and dividend equivalents paid (41.9) (39.6)
Share repurchases (300.0)  
Noncontrolling interest purchased (8.0)  
Other (5.5) (8.8)
Net cash used in financing activities (107.4) (65.4)
Effect of exchange rate changes on cash and cash equivalents (10.6) 2.3
(Decrease) increase in cash and cash equivalents (2.2) 5.4
Cash and cash equivalents at beginning of year 174.3 128.2
Cash and cash equivalents at end of period 172.1 133.6
Supplemental cash flow information:    
Interest paid during the period 6.0 13.6
Income taxes paid during the period, net $ 5.2 $ 7.9