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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 618.2 $ 284.4
Adjustments to reconcile net income to net provided by operating activities:    
Depreciation 164.2 154.9
Amortization of intangibles 45.8 44.7
Stock compensation expense 21.1 26.8
Goodwill impairment charge 0.0 20.0
Equity in net earnings of affiliates, net of cash received (48.6) (30.9)
Deferred income tax (benefit) provision (67.3) 2.4
Other 12.2 19.2
Changes in operating assets and liabilities:    
Accounts and notes receivable, net (247.4) (264.7)
Inventories, net (868.5) (53.4)
Other current and noncurrent assets (131.3) (39.5)
Accounts payable 300.4 (55.6)
Accrued expenses 102.0 22.9
Other current and noncurrent liabilities 140.7 92.9
Total adjustments (576.7) (60.3)
Net cash provided by operating activities 41.5 224.1
Cash flows from investing activities:    
Purchases of property, plant and equipment (198.7) (183.1)
Proceeds from sale of property, plant and equipment 3.9 0.9
Investments in unconsolidated affiliates (1.2) (4.7)
(Purchase) sale of businesses, net, and net of cash acquired (16.8) (2.8)
Other (2.4) 0.0
Net cash used in investing activities (215.2) (189.7)
Cash flows from financing activities:    
Proceeds from indebtedness 1,463.5 1,195.6
Repayments of indebtedness (1,384.9) (1,027.7)
Purchases and retirement of common stock (75.0) (55.0)
Payment of dividends to stockholders (343.6) (36.0)
Payment of minimum tax withholdings on stock compensation (34.1) (16.2)
Payment of debt issuance costs 0.0 (1.4)
Distributions to noncontrolling interest (3.5) 0.2
Net cash (used in) provided by financing activities (377.6) 59.5
Effects of exchange rate changes on cash, cash equivalents and restricted cash (30.8) (15.7)
(Decrease) increase in cash, cash equivalents and restricted cash (582.1) 78.2
Cash, cash equivalents and restricted cash, beginning of period 1,119.1 432.8
Cash, cash equivalents and restricted cash, end of period $ 537.0 $ 511.0