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Consolidated Statements of Cash Flows
$ in Millions
12 Months Ended
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Operating activities:      
Net income $ 213.3 $ 47.7 $ 44.6
Adjustment to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 369.1 347.5 322.1
Amortization of deferred financing costs and original issue discount 8.0 8.0 17.8
Debt extinguishment and refinancing related costs 9.5 13.4 97.6
Deferred income taxes 6.1 91.7 (15.9)
Realized and unrealized foreign exchange losses (gains), net 17.3 (3.6) 35.5
Stock-based compensation 37.3 38.5 41.1
Asset impairments 0.0 7.6 68.4
Loss on deconsolidation of Venezuela 0.0 70.9 0.0
Net interest income on swaps designated as net investment hedges (9.4) 0.0 0.0
Other non-cash, net (0.9) 4.4 (1.9)
Changes in operating assets and liabilities:      
Trade accounts and notes receivable (22.3) (15.2) (67.8)
Inventories (48.1) (19.9) (1.7)
Prepaid expenses and other assets (157.3) (84.9) (64.5)
Accounts payable 49.5 39.8 32.3
Other accrued liabilities (8.4) 6.7 58.7
Other liabilities 32.4 (12.6) (7.0)
Cash provided by operating activities 496.1 540.0 559.3
Investing activities:      
Acquisitions, net of cash acquired (82.8) (564.4) (114.8)
Investment in non-controlling interest (26.9) 0.0 0.0
Purchase of property, plant and equipment (143.4) (125.0) (136.2)
Net interest proceeds on swaps designated as net investment hedges 9.4 0.0 0.0
Proceeds from settlement of swaps designated as net investment hedges, investing activities 22.5 0.0 0.0
Other investing activities, net 5.1 (0.2) (6.0)
Cash used for investing activities (216.1) (689.6) (257.0)
Financing activities:      
Proceeds from long-term borrowings 468.9 483.6 1,604.3
Payments on short-term borrowings (44.7) (14.1) (8.6)
Payments on long-term borrowings (511.3) (50.0) (1,755.7)
Financing-related costs (10.8) (10.4) (86.3)
Dividends paid to noncontrolling interests (1.0) (3.0) (3.0)
Purchase of treasury stock (253.8) (58.4) 0.0
Proceeds from option exercises 17.4 24.8 16.7
Deferred acquisition-related consideration (6.0) (5.2) 0.0
Cash (used for) provided by financing activities (341.3) 367.3 (232.6)
(Decrease) increase in cash and cash equivalents (61.3) 217.7 69.7
Effect of exchange rate changes on cash (15.2) 17.1 (19.3)
Cash at beginning of period 772.9 538.1 487.7
Cash at end of period 696.4 772.9 538.1
Cash and cash equivalents 693.6 769.8 535.4
Restricted cash 2.8 3.1 2.7
Cash paid during the year for:      
Interest, net of amounts capitalized 152.4 130.1 169.4
Income taxes, net of refunds 57.4 61.7 39.2
Non-cash investing activities:      
Accrued capital expenditures $ 10.1 $ 30.2 $ 28.7