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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES FROM CONTINUING OPERATIONS:      
Net income before non-controlling interest $ 457.8 $ 625.0 $ 349.8
Loss from discontinued operations, net of tax 0.4 0.7 0.0
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 127.1 113.2 98.0
Amortization of stock-based compensation 53.1 61.4 104.5
Amortization of deferred financing costs 3.9 2.8 3.2
Bad debt expense 6.7 2.7 35.8
Deferred income taxes (10.5) 11.1 (8.6)
Dividends received from unconsolidated affiliates 22.9 22.9 19.3
Equity income in earnings of unconsolidated affiliates (21.1) (30.6) (16.4)
Loss on extinguishment of debt 0.0 3.0 2.3
Foreign currency adjustments and other 0.3 1.5 (2.2)
Changes in operating assets and liabilities, net of effect of business acquisitions:      
Accounts receivable (14.8) (40.4) (55.7)
Inventories (101.9) (106.4) (42.5)
Prepaid expenses and other assets (24.2) 125.1 (19.4)
Operating leases, net 4.4 9.2 21.9
Accounts payable (59.5) 50.5 63.0
Accrued expenses and other liabilities (67.3) (113.8) 90.5
Income taxes receivable and payable 1.5 (14.8) 11.2
Net cash provided by operating activities from continuing operations 378.8 723.1 654.7
CASH FLOWS FROM INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:      
Purchases of property, plant and equipment (306.5) (123.3) (111.3)
Acquisitions, net of cash acquired 0.0 (432.8) (41.2)
Other (8.8) 1.3 5.9
 Net cash used in investing activities from continuing operations (315.3) (554.8) (146.6)
CASH FLOWS FROM FINANCING ACTIVITIES FROM CONTINUING OPERATIONS:      
Proceeds from borrowings under long-term debt obligations 2,303.1 3,664.2 1,175.8
Repayments of borrowings under long-term debt obligations (1,828.6) (2,684.9) (1,360.3)
Proceeds from exercise of stock options 0.5 14.9 6.9
Treasury stock repurchased (667.4) (816.3) (331.8)
Dividends paid (70.5) (63.1) 0.0
Payment of deferred financing costs 0.0 (24.9) (1.3)
Repayments of finance lease obligations and other (16.2) (13.4) (11.9)
Net cash (used in) provided by financing activities from continuing operations (279.1) 76.5 (522.6)
Net cash (used in) provided by continuing operations (215.6) 244.8 (14.5)
Net operating cash flows (used in) provided by discontinued operations (0.3) (0.9) 0.3
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (15.4) (8.2) 14.3
(Decrease) increase in cash and cash equivalents (231.3) 235.7 0.1
CASH AND CASH EQUIVALENTS, beginning of period 300.7 65.0 64.9
CASH AND CASH EQUIVALENTS, end of period 69.4 300.7 65.0
Cash paid during the period for:      
Interest 105.8 55.2 79.0
Income taxes, net of refunds $ 138.0 $ 184.8 $ 93.8