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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 419.8 $ 122.8 $ 283.7
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 212.5 210.9 225.2
Impairment charges 20.0 176.6 0.0
Amortization of intangibles 59.5 61.1 64.7
Stock compensation expense 37.6 41.3 46.3
Equity in net earnings of affiliates, net of cash received (43.7) 0.0 (3.2)
Deferred income tax provision (benefit) 3.4 15.1 (14.7)
Loss on extinguishment of debt 0.0 0.0 24.5
Other (7.4) 6.9 2.6
Changes in operating assets and liabilities, net of effects from purchase of businesses:      
Accounts and notes receivable, net (90.5) 63.8 63.3
Inventories, net 119.7 (216.3) (214.3)
Other current and noncurrent assets (49.8) (14.4) (85.6)
Accounts payable (59.1) 35.7 (24.3)
Accrued expenses 185.3 114.5 161.3
Other current and noncurrent liabilities 89.2 77.9 66.4
Total adjustments 476.7 573.1 312.2
Net cash provided by operating activities 896.5 695.9 595.9
Cash flows from investing activities:      
Purchases of property, plant and equipment (269.9) (273.4) (203.3)
Proceeds from sale of property, plant and equipment 1.9 4.9 3.2
Purchase of businesses, net of cash acquired (2.8) 0.0 0.0
Sale of (investments in) unconsolidated affiliates, net 29.1 (3.1) (5.8)
Other 0.0 0.0 0.4
Net cash used in investing activities (241.7) (271.6) (205.5)
Cash flows from financing activities:      
Proceeds from indebtedness 1,195.6 2,082.7 5,257.5
Repayments of indebtedness (1,045.6) (2,191.1) (5,433.6)
Purchases and retirement of common stock (55.0) (130.0) (184.3)
Payment of dividends to stockholders (48.0) (48.0) (47.1)
Payment of minimum tax withholdings on stock compensation (19.8) (28.1) (4.0)
Payment of debt issuance costs (1.4) (0.5) (2.7)
(Distributions to) investments by noncontrolling interests, net (3.1) 1.6 0.9
Net cash provided by (used in) financing activities 22.7 (313.4) (413.3)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 8.8 (4.2) (18.7)
Increase (decrease) in cash, cash equivalents and restricted cash 686.3 106.7 (41.6)
Cash, cash equivalents and restricted cash, beginning of year 432.8 326.1 367.7
Cash, cash equivalents and restricted cash, end of year $ 1,119.1 $ 432.8 $ 326.1