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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income (loss) $ 137.0 $ 151.4
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 54.7 54.8
Amortization of intangibles 15.3 17.5
Stock compensation expense 7.0 6.8
Impairment charges 36.0 0.0
Equity in net earnings of affiliates, net of cash received (11.1) (14.7)
Deferred income tax (benefit) provision (5.0) 4.1
Other (8.8) 1.9
Changes in operating assets and liabilities:    
Accounts and notes receivable, net (113.3) (232.3)
Inventories, net (595.2) (466.1)
Other current and noncurrent assets (48.7) (45.8)
Accounts payable 193.4 296.7
Accrued expenses (219.5) (175.7)
Other current and noncurrent liabilities (18.3) 86.1
Total adjustments (713.5) (466.7)
Net cash used in operating activities (576.5) (315.3)
Cash flows from investing activities:    
Purchases of property, plant and equipment (66.3) (63.5)
Proceeds from sale of property, plant and equipment 0.3 0.1
Investments in unconsolidated affiliates (0.1) (0.1)
Purchase of businesses, net, and net of cash acquired (61.9) (0.8)
Other 0.0 (2.5)
Net cash used in investing activities (128.0) (66.8)
Cash flows from financing activities:    
Proceeds from indebtedness 980.7 195.3
Repayments of indebtedness (459.1) (416.8)
Payment of dividends to stockholders (14.9) (12.0)
Payment of minimum tax withholdings on stock compensation (16.0) (26.5)
Distributions to noncontrolling interest (11.6) 0.0
Net cash provided by (used in) financing activities 479.1 (260.0)
Effects of exchange rate changes on cash, cash equivalents and restricted cash (8.0) (23.3)
Decrease in cash, cash equivalents and restricted cash (233.4) (665.4)
Cash, cash equivalents and restricted cash, beginning of period 889.1 1,119.1
Cash, cash equivalents and restricted cash, end of period $ 655.7 $ 453.7