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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities    
Net loss $ (36.5) $ (165.4)
Loss from discontinued operations, net of tax 0.0 9.6
Loss from continuing operations, net of tax (36.5) (155.8)
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation 20.5 20.5
Amortization 7.1 7.1
Provision for doubtful accounts 60.8 37.0
Provision for obsolescence 10.2 12.6
Share-based compensation 9.7 6.2
Foreign exchange (gains) losses (0.9) 1.7
Deferred income taxes 12.3 (13.5)
Deconsolidation of Venezuela, net of tax of $0.0 0.0 120.5
Other 6.0 2.2
Changes in assets and liabilities:    
Accounts receivable (42.3) (21.4)
Inventories (23.5) (80.5)
Prepaid expenses and other 10.0 (14.2)
Accounts payable and accrued liabilities (107.3) (61.8)
Income and other taxes 1.7 8.0
Noncurrent assets and liabilities (8.0) (59.9)
Net cash used by operating activities of continuing operations (80.2) (191.3)
Cash Flows from Investing Activities    
Capital expenditures (23.9) (23.7)
Disposal of assets 1.6 1.3
Reduction of cash due to Venezuela deconsolidation 0.0 (4.5)
Other investing activities 0.0 1.6
Net cash used by investing activities of continuing operations (22.3) (25.3)
Cash Flows from Financing Activities    
Debt, net (maturities of three months or less) 1.9 3.7
Proceeds from debt 0.0 8.6
Repayment of debt (1.0) (1.0)
Repurchase of common stock (6.2) (3.5)
Net proceeds from the sale of series C convertible preferred stock 0.0 428.1
Net cash (used) provided by financing activities of continuing operations (5.3) 435.9
Net cash used by operating activities of discontinued operations (3.5) (44.9)
Net cash used by investing activities of discontinued operations 0.0 (96.7)
Net cash used by discontinued operations (3.5) (141.6)
Effect of exchange rate changes on cash and cash equivalents 16.9 (8.9)
Net (decrease) increase in cash and cash equivalents (94.4) 68.8
Cash and cash equivalents at beginning of year 654.4 684.7 [1]
Cash and cash equivalents at end of period $ 560.0 $ 753.5
[1] Includes cash and cash equivalents of discontinued operations of $(2.2) at the beginning of the year in 2016.