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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 901.5 $ 419.8 $ 122.8
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 220.7 212.5 210.9
Impairment charges 0.0 20.0 176.6
Amortization of intangibles 61.1 59.5 61.1
Stock compensation expense 27.4 37.6 41.3
Equity in net earnings of affiliates, net of cash received (1.9) (43.7) 0.0
Deferred income tax (benefit) provision (117.9) 3.4 15.1
Other 20.5 (7.4) 6.9
Changes in operating assets and liabilities, net of effects from purchase of businesses:      
Accounts and notes receivable, net (207.7) (90.5) 63.8
Inventories, net (762.6) 119.7 (216.3)
Other current and noncurrent assets (268.0) (49.8) (14.4)
Accounts payable 292.2 (59.1) 35.7
Accrued expenses 241.2 185.3 114.5
Other current and noncurrent liabilities 253.7 89.2 77.9
Total adjustments (241.3) 476.7 573.1
Net cash provided by operating activities 660.2 896.5 695.9
Cash flows from investing activities:      
Purchases of property, plant and equipment (269.8) (269.9) (273.4)
Proceeds from sale of property, plant and equipment 6.3 1.9 4.9
Purchase of businesses, net of cash acquired (22.6) (2.8) 0.0
Sale of, distributions from (investments in) unconsolidated affiliates, net 13.1 29.1 (3.1)
Other (15.4) 0.0 0.0
Net cash used in investing activities (288.4) (241.7) (271.6)
Cash flows from financing activities:      
Proceeds from indebtedness 2,497.6 1,195.6 2,082.7
Repayments of indebtedness (2,501.4) (1,045.6) (2,191.1)
Purchases and retirement of common stock (135.0) (55.0) (130.0)
Payment of dividends to stockholders (358.5) (48.0) (48.0)
Payment of minimum tax withholdings on stock compensation (34.9) (19.8) (28.1)
Payment of debt issuance costs (3.8) (1.4) (0.5)
(Distributions to) investments by noncontrolling interests, net (3.5) (3.1) 1.6
Net cash (used in) provided by financing activities (539.5) 22.7 (313.4)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (62.3) 8.8 (4.2)
(Decrease) increase in cash, cash equivalents and restricted cash (230.0) 686.3 106.7
Cash, cash equivalents and restricted cash, beginning of year 1,119.1 432.8 326.1
Cash, cash equivalents and restricted cash, end of year $ 889.1 $ 1,119.1 $ 432.8