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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 126.3 $ 206.1
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 102.3 107.1
Amortization of intangibles 29.9 30.7
Stock compensation expense 12.7 24.8
Goodwill impairment charge 20.0 0.0
Equity in net earnings of affiliates, net of cash received (20.7) (16.8)
Deferred income tax provision 2.8 13.2
Other 11.2 3.0
Changes in operating assets and liabilities:    
Accounts and notes receivable, net (181.0) (143.5)
Inventories, net (210.6) (513.7)
Other current and noncurrent assets (62.3) (18.2)
Accounts payable (60.9) 83.1
Accrued expenses (67.9) 1.6
Other current and noncurrent liabilities 76.6 9.7
Total adjustments (347.9) (419.0)
Net cash used in operating activities (221.6) (212.9)
Cash flows from investing activities:    
Purchases of property, plant and equipment (117.5) (114.9)
Proceeds from sale of property, plant and equipment 0.5 0.1
Investments in unconsolidated affiliates (3.1) 0.0
Net cash used in investing activities (120.1) (114.8)
Cash flows from financing activities:    
Proceeds from indebtedness 1,136.5 1,621.5
Repayments of indebtedness (708.9) (1,219.0)
Purchases and retirement of common stock (55.0) (70.0)
Payment of dividends to stockholders (24.0) (23.7)
Payment of minimum tax withholdings on stock compensation (16.1) (26.7)
Payment of debt issuance costs (1.4) (0.5)
Investment by noncontrolling interests 0.0 1.0
Net cash provided by financing activities 331.1 282.6
Effects of exchange rate changes on cash, cash equivalents and restricted cash (17.8) (1.1)
Decrease in cash, cash equivalents and restricted cash (28.4) (46.2)
Cash, cash equivalents and restricted cash, beginning of period 432.8 326.1
Cash, cash equivalents and restricted cash, end of period $ 404.4 $ 279.9