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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 284.4 $ 212.4
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 154.9 159.2
Amortization of intangibles 44.7 45.6
Stock compensation expense 26.8 32.9
Goodwill impairment charge 20.0 0.0
Equity in net earnings of affiliates, net of cash received (30.9) (26.3)
Deferred income tax provision 2.4 43.1
Other 19.2 1.9
Changes in operating assets and liabilities:    
Accounts and notes receivable, net (264.7) (85.1)
Inventories, net (53.4) (503.4)
Other current and noncurrent assets (39.5) (47.0)
Accounts payable (55.6) (4.1)
Accrued expenses 22.9 23.7
Other current and noncurrent liabilities 92.9 66.9
Total adjustments (60.3) (292.6)
Net cash provided by (used in) operating activities 224.1 (80.2)
Cash flows from investing activities:    
Purchases of property, plant and equipment (183.1) (188.1)
Proceeds from sale of property, plant and equipment 0.9 0.9
Investments in unconsolidated affiliates (4.7) 0.0
Acquisition Costs, Period Cost (2.8) 0.0
Net cash used in investing activities (189.7) (187.2)
Cash flows from financing activities:    
Proceeds from indebtedness 1,195.6 1,998.3
Repayments of indebtedness (1,027.7) (1,600.5)
Purchases and retirement of common stock (55.0) (100.0)
Payment of dividends to stockholders (36.0) (35.9)
Payment of minimum tax withholdings on stock compensation (16.2) (27.5)
Payment of debt issuance costs (1.4) (0.5)
Investment by noncontrolling interests 0.2 1.2
Net cash provided by financing activities 59.5 235.1
Effects of exchange rate changes on cash, cash equivalents and restricted cash (15.7) (11.8)
Increase (decrease) in cash, cash equivalents and restricted cash 78.2 (44.1)
Cash, cash equivalents and restricted cash, beginning of period 432.8 326.1
Cash, cash equivalents and restricted cash, end of period $ 511.0 $ 282.0