XML 136 R7.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Statement of Cash Flows [Abstract]      
Goodwill and Intangible Asset Impairment $ 176.6 $ 0.0 $ 0.0
Cash flows from operating activities:      
Net income 122.8 283.7 189.3
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 210.9 225.2 222.8
Amortization of intangibles 61.1 64.7 57.0
Stock compensation expense 41.3 46.3 38.2
Equity in net earnings of affiliates, net of cash received 0.0 (3.2) 41.2
Deferred income tax provision (benefit) 15.1 (14.7) (14.1)
Gain (Loss) on Extinguishment of Debt 0.0 24.5 0.0
Other 6.9 2.6 3.0
Changes in operating assets and liabilities, net of effects from purchase of businesses:      
Accounts and notes receivable, net 63.8 63.3 (34.7)
Inventories, net (216.3) (214.3) (196.0)
Other current and noncurrent assets (14.4) (85.6) (36.6)
Accounts payable 35.7 (24.3) 123.5
Accrued expenses 114.5 161.3 149.0
Other current and noncurrent liabilities 77.9 66.4 35.0
Total adjustments 573.1 312.2 388.3
Net cash provided by operating activities 695.9 595.9 577.6
Cash flows from investing activities:      
Purchases of property, plant and equipment (273.4) (203.3) (203.9)
Proceeds from sale of property, plant and equipment 4.9 3.2 4.1
Purchase of businesses, net of cash acquired 0.0 0.0 (293.1)
Investments in unconsolidated affiliates (3.1) (5.8) (0.8)
Other 0.0 0.4 0.0
Net cash used in investing activities (271.6) (205.5) (493.7)
Cash flows from financing activities:      
Proceeds from indebtedness 2,082.7 5,257.5 3,513.9
Repayments of indebtedness (2,191.1) (5,433.6) (3,639.7)
Purchases and retirement of common stock (130.0) (184.3) 0.0
Payment of dividends to stockholders (48.0) (47.1) (44.5)
Payment of minimum tax withholdings on stock compensation (28.1) (4.0) (6.9)
Payment of debt issuance costs (0.5) (2.7) 0.0
Investments by noncontrolling interests, net 1.6 0.9 0.5
Net cash used in financing activities (313.4) (413.3) (176.7)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (4.2) (18.7) 30.8
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 106.7 (41.6) (62.0)
Cash and cash equivalents, beginning of year 326.1 367.7 429.7
Cash and cash equivalents, end of year $ 432.8 $ 326.1 $ 367.7