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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities:    
Net (loss) earnings $ (61.5) $ 99.8
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 43.4 43.0
Loss on sales of subsidiaries, net 6.2 0.0
Non-cash impairment of goodwill and other intangible assets 88.7 [1] 0.0
Deferred income taxes 4.5 7.8
Provision for doubtful accounts 1.9 3.7
Share-based compensation 15.3 15.0
Changes in operating assets and liabilities:    
Accounts receivable 7.9 107.9
Other assets (92.4) (70.1)
Accounts payable (209.6) (76.7)
Other liabilities (147.2) (152.3)
Cash used in operating activities (342.8) (21.9)
Cash Flows from Investing Activities:    
Capital expenditures (31.3) (23.7)
Acquisition of businesses, net of cash acquired (1.0) 0.0
Impact to cash resulting from sales of subsidiaries (2.1) 0.0
Proceeds from the sale of property and equipment 0.4 2.1
Cash used in investing activities (34.0) (21.6)
Cash Flows from Financing Activities:    
Net change in short-term borrowings 67.1 49.2
Net proceeds from revolving debt facility 136.0 76.0
Proceeds from long-term debt 0.1 0.5
Repayments of long-term debt (0.4) (1.0)
Payments of contingent consideration for acquisition (1.3) (2.8)
Proceeds from share-based awards 0.0 0.7
Payments to noncontrolling interests 0.0 (0.2)
Other share-based award transactions (6.0) (10.5)
Repurchases of common stock and excise tax (38.2) (77.0)
Dividends paid (33.3) (73.5)
Cash provided by (used in) financing activities 124.0 (38.6)
Effect of exchange rate changes on cash 33.2 (30.3)
Change in cash and cash equivalents (219.6) (112.4)
Cash and cash equivalents, beginning of period 509.4 581.3
Cash and cash equivalents, end of period 289.8 468.9
Supplemental Cash Flow Information:    
Interest paid 63.2 37.2
Income taxes paid, net 91.9 89.9
Cash paid for amounts included in the measurement of liabilities 65.2 60.1
Non-cash operating activity:    
Right-of-use assets obtained in exchange for new operating lease liabilities $ 64.9 $ 27.8
[1] Impairment charges for the six months ended June 30, 2025 consist of a goodwill impairment related to our investments in Switzerland and the United Kingdom and an impairment of an indefinite lived intangible asset in our Switzerland business.