XML 20 R7.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Net income (loss) $ 38.6 $ (501.2)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation and amortization 142.0 129.6
Impairment charges 0.0 510.0
Deferred income taxes 0.8 36.0
Stock-based compensation 5.3 4.6
Pensions and other postretirement benefits, net of contributions (4.3) (1.8)
Loss on sale of business 2.6 1.0
Loss (gain) on disposal of property, plant and equipment, net (0.2) 5.1
Debt refinancing and redemption costs 1.1 1.5
Changes in operating assets and liabilities    
Accounts receivable (66.4) 11.3
Inventories (19.6) (27.1)
Accounts payable and accrued expenses 75.4 12.7
Deferred revenue 4.9 (1.9)
Other assets and liabilities (1.1) (40.4)
Net cash provided by operating activities 179.1 139.4
Investing activities    
Purchases of property, plant and equipment (39.6) (69.7)
Proceeds from sale of property, plant and equipment 0.0 0.5
Proceeds from sale of business, net of cash divested (0.8) 0.0
Net cash used in investing activities (40.4) (69.2)
Financing activities    
Proceeds from Revolving Credit Facility 0.0 200.0
Proceeds from issuance of long-term debt 21.8 2.4
Payments of long-term debt (107.3) (113.3)
Purchase of treasury stock (4.0) (2.4)
Other financing activities (1.1) 1.0
Net cash provided by (used in) financing activities (90.6) 87.7
Effect of exchange rate changes on cash (3.9) (7.2)
Net increase in cash and cash equivalents 44.2 150.7
Cash and cash equivalents at beginning of period 557.0 532.0
Cash and cash equivalents at end of period 601.2 682.7
Supplemental cash flow information    
     Interest paid 43.3 34.1
     Income taxes paid, net $ 0.2 $ 4.2