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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash provided (required) by operating activities of continuing operations:    
Net income (loss) $ 503.3 $ 483.0
Discontinued operations, net of income taxes 36.7 29.8
Income (loss) from continuing operations 540.0 512.8
Adjustments from income from continuing operations to cash provided (required) by operating activities of continuing operations:    
Depreciation and amortization 120.7 111.1
Restructuring and other charges (income) 43.9 27.3
Deferred income taxes 2.6 (3.6)
Pension and other postretirement benefits 19.7 8.2
Share-based compensation 15.2 19.2
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
Trade receivables, net 77.9 118.7
Guarantees of vendor financing 21.3 5.9
Advance payments from customers (487.4) (439.1)
Accrued customer rebates 247.1 186.2
Inventories (141.7) (151.8)
Accounts payable, trade and other (142.8) (119.4)
Income taxes 15.7 (64.0)
Pension and other postretirement benefit contributions (3.6) (9.8)
Environmental spending, continuing, net of recoveries 6.9 (8.7)
Restructuring and other spending [1] (11.6) (15.3)
Transaction and integration costs (53.3) (61.5)
Change in other operating assets and liabilities, net [2] 42.9 (50.4)
Cash provided (required) by operating activities of continuing operations 313.5 65.8
Cash provided (required) by operating activities of discontinued operations:    
Environmental spending, discontinued, net of recoveries (43.6) (27.9)
Other discontinued spending (22.5) (17.5)
Operating activities of discontinued operations, net of divestiture costs (0.2) 9.2
Cash provided (required) by operating activities of discontinued operations (66.3) (36.2)
Cash provided (required) by investing activities of continuing operations:    
Capital expenditures (35.2) (56.8)
Investment in Enterprise Resource Planning system (42.2) (42.0)
Other investing activities (23.1) (20.7)
Cash provided (required) by investing activities of continuing operations (100.5) (119.5)
Cash provided (required) by investing activities of discontinued operations:    
Proceeds from disposal of property, plant and equipment 1.1 26.2
Other discontinued investing activities 0.0 (17.0)
Cash provided (required) by investing activities of discontinued operations 1.1 9.2
Cash provided (required) by financing activities of continuing operations:    
Increase (decrease) in short-term debt (35.6) 17.4
Repayments of long-term debt 0.0 (601.6)
Financing fees (3.5) (95.2)
Proceeds from borrowings of long-term debt 17.2 1,500.0
Acquisitions of noncontrolling interests (7.4) 0.0
Distributions to noncontrolling interests (1.3) 0.0
Issuances of common stock, net 23.0 28.7
Dividends paid [3] (171.3) (158.3)
Repurchases of common stock under publicly announced program 0.0 (300.0)
Other repurchases of common stock (7.5) (16.2)
Cash provided (required) by financing activities of continuing operations (186.4) 374.8
Cash provided (required) by financing activities of discontinued operations:    
Payment of Livent external debt 0.0 (27.0)
Cash transfer to Livent due to spin 0.0 (10.2)
Cash provided (required) by financing activities of discontinued operations 0.0 (37.2)
Effect of exchange rate changes on cash and cash equivalents (3.4) 1.1
Increase (decrease) in cash and cash equivalents (42.0) 258.0
Cash and cash equivalents of continuing operations, beginning of period 297.1 419.7
Cash and cash equivalents of discontinued operations, beginning of period 0.0 27.3
Cash and cash equivalents, beginning of period $ 339.1 $ 161.7
[1] The restructuring and other spending amount includes spending of $3.1 million related to the Furadan® asset retirement obligations. For detail on restructuring activities which commenced prior to 2020, see Note 9 to our consolidated financial statements included within our 2019 Form 10-K.
[2] Changes in all periods primarily represent timing of payments associated with all other operating assets and liabilities.
[3] See Note 15 regarding the quarterly cash dividend.