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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 151.4 $ 66.3
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 54.8 51.6
Amortization of intangibles 17.5 15.0
Stock compensation expense 6.8 2.6
Equity in net earnings of affiliates, net of cash received (14.7) (11.2)
Deferred income tax provision 4.1 3.8
Other 1.9 4.1
Changes in operating assets and liabilities:    
Accounts and notes receivable, net (232.3) (109.6)
Inventories, net (466.1) (252.1)
Other current and noncurrent assets (45.8) (65.4)
Accounts payable 296.7 (32.7)
Accrued expenses (175.7) (206.7)
Other current and noncurrent liabilities 86.1 99.0
Total adjustments (466.7) (501.6)
Net cash used in operating activities (315.3) (435.3)
Cash flows from investing activities:    
Purchases of property, plant and equipment (63.5) (60.6)
Proceeds from sale of property, plant and equipment 0.1 0.4
Investments in unconsolidated affiliates (0.1) (2.5)
Purchase of businesses, net of cash acquired (0.8) 0.0
Other (2.5) 0.0
Net cash used in investing activities (66.8) (62.7)
Cash flows from financing activities:    
Proceeds from indebtedness 195.3 710.1
Repayments of indebtedness (416.8) (150.3)
Purchases and retirement of common stock 0.0 (55.0)
Payment of dividends to stockholders (12.0) (12.1)
Payment of minimum tax withholdings on stock compensation (26.5) (16.0)
Net cash (used in) provided by financing activities (260.0) 476.7
Effects of exchange rate changes on cash, cash equivalents and restricted cash (23.3) (24.8)
Decrease in cash, cash equivalents and restricted cash (665.4) (46.1)
Cash, cash equivalents and restricted cash, beginning of period 1,119.1 432.8
Cash, cash equivalents and restricted cash, end of period $ 453.7 $ 386.7