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Condensed Consolidated and Combined Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 312.2 $ 241.1
Adjustments to reconcile net income to net cash provided by (used for) operating activities    
Depreciation 36.1 32.8
Amortization 64.5 53.1
Deferred income taxes (3.7) 0.1
Share-based compensation 17.5 17.8
Gain on sale of investment (10.2) 0.0
Amortization of bridge financing debt issuance costs 3.6 0.0
Gain on sale of property and equipment 1.1 0.0
Changes in assets and liabilities, net of effects of business acquisitions    
Accounts and notes receivable (30.5) (76.9)
Inventories (10.8) (71.6)
Other current assets (30.0) (21.3)
Accounts payable (27.7) 12.7
Employee compensation and benefits (4.5) (5.6)
Other current liabilities (20.9) 18.7
Other non-current assets and liabilities (2.9) (1.1)
Net cash provided by (used for) operating activities 291.6 199.8
Investing activities    
Capital expenditures (48.9) (30.8)
Proceeds from sale of property and equipment 7.3 2.0
Proceeds from sale of investment 14.1 0.0
Settlement of net investment hedge 3.1 0.0
Acquisitions, net of cash acquired (1,119.7) (8.6)
Net cash provided by (used for) investing activities (1,144.1) (37.4)
Financing activities    
Net payments of revolving long-term debt 0.0 (106.7)
Proceeds from long-term debt 800.0 200.0
Repayments of long-term debt (20.0) (6.2)
Settlement of cash flow hedge 4.5 10.0
Debt issuance costs (11.2) 0.0
Dividends paid (87.6) (87.7)
Shares issued to employees, net of shares withheld 1.6 0.3
Repurchases of ordinary shares (15.2) (8.5)
Net cash provided by (used for) financing activities 672.1 1.2
Effect of exchange rate changes on cash and cash equivalents (3.8) (19.1)
Change in cash and cash equivalents (184.2) 144.5
Cash and cash equivalents, beginning of period 297.5 49.5
Cash and cash equivalents, end of period $ 113.3 $ 194.0