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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net income $ 121.6 $ 85.0
Adjustment to reconcile net income to cash provided by (used for) operating activities:    
Depreciation and amortization 135.7 155.0
Amortization of deferred financing costs and original issue discount 4.3 4.8
Debt extinguishment and refinancing related costs 3.0 (0.2)
Deferred income taxes 0.5 2.0
Realized and unrealized foreign exchange losses, net 18.8 4.9
Stock-based compensation 13.6 9.0
Divestiture and impairment charges 15.4 0.7
Interest income on swaps designated as net investment hedges (6.1) (10.0)
Commercial agreement restructuring charge 0.0 25.0
Other non-cash, net 1.0 (7.1)
Changes in operating assets and liabilities:    
Trade accounts and notes receivable (194.2) (190.1)
Inventories 69.5 (151.4)
Prepaid expenses and other assets (51.8) (58.9)
Accounts payable (11.7) 147.5
Other accrued liabilities (39.8) (39.4)
Other liabilities (0.6) (8.5)
Cash provided by (used for) operating activities 79.2 (31.7)
Investing activities:    
Purchase of property, plant and equipment (73.9) (72.0)
Interest proceeds on swaps designated as net investment hedges 6.1 10.0
Settlement proceeds on swaps designated as net investment hedges 29.4 25.0
Other investing activities, net 1.4 (1.1)
Cash used for investing activities (37.0) (38.1)
Financing activities:    
Proceeds from short-term borrowings 8.8 0.0
Payments on short-term borrowings (25.8) (44.0)
Payments on long-term borrowings (156.7) (13.7)
Financing-related costs (6.3) (0.1)
Purchases of common stock 0.0 (200.1)
Net cash flows associated with stock-based awards 8.5  
Net cash flows associated with stock-based awards   (2.1)
Deferred acquisition-related consideration (7.7) 0.0
Other financing activities, net 0.0 (0.2)
Cash used for financing activities (179.2) (260.2)
Decrease in cash (137.0) (330.0)
Effect of exchange rate changes on cash 2.1 (11.0)
Cash at beginning of period 654.9 851.2
Cash at end of period 520.0 510.2
Cash at end of period reconciliation:    
Cash and cash equivalents 517.6 500.2
Restricted cash 2.4 10.0
Cash at end of period $ 520.0 $ 510.2