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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 8.7 $ 168.0
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 60.5 63.3
Amortization of intangibles 15.3 13.9
Stock compensation expense 7.3 8.4
Impairment charges 1.1 0.0
Equity in net earnings of affiliates, net of cash received (12.1) (16.2)
Deferred income tax benefit (27.3) (7.3)
Other 6.6 17.7
Changes in operating assets and liabilities:    
Accounts and notes receivable, net 44.7 24.1
Inventories, net (149.4) (420.1)
Other current and noncurrent assets 2.5 16.8
Accounts payable 177.9 74.2
Accrued expenses (384.9) (358.2)
Other current and noncurrent liabilities 36.9 45.4
Total adjustments (220.9) (538.0)
Net cash used in operating activities (212.2) (370.0)
Cash flows from investing activities:    
Purchases of property, plant and equipment (48.2) (95.0)
Proceeds from sale of property, plant and equipment 1.1 0.2
Investments in unconsolidated affiliates, net (0.1) 0.0
Other (4.1) 0.0
Net cash used in investing activities (51.3) (94.8)
Cash flows from financing activities:    
Proceeds from indebtedness 531.2 2,380.6
Repayments of indebtedness (297.0) (0.4)
Payment of dividends to stockholders (21.6) (21.6)
Payment of minimum tax withholdings on stock compensation (7.4) (9.7)
Payment of debt issuance costs 0.0 (11.9)
Net cash provided by financing activities 205.2 2,337.0
Effects of exchange rate changes on cash, cash equivalents and restricted cash 8.2 (11.9)
Increase (decrease) in cash, cash equivalents and restricted cash (50.1) 1,860.3
Cash, cash equivalents and restricted cash, beginning of period 612.7 595.5
Cash, cash equivalents and restricted cash, end of period $ 562.6 $ 2,455.8