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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash provided (required) by operating activities of continuing operations:    
Net income (loss) $ 183.2 $ 206.2
Discontinued operations, net of income taxes 8.1 7.5
Income (loss) from continuing operations 191.3 213.7
Adjustments from income from continuing operations to cash provided (required) by operating activities of continuing operations:    
Depreciation and amortization 42.6 39.1
Restructuring and other charges (income) 3.2 13.4
Deferred income taxes (0.2) 14.4
Pension and other postretirement benefits 6.2 3.2
Share-based compensation 5.4 7.4
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
Trade receivables, net (216.6) (283.8)
Guarantees of vendor financing 26.0 (11.4)
Advance payments from customers (334.9) (279.6)
Accrued customer rebates 157.9 102.2
Inventories (166.8) (63.3)
Accounts payable, trade and other 125.1 (68.1)
Income taxes (7.1) 10.5
Pension and other postretirement benefit contributions (1.2) (1.2)
Environmental spending, continuing, net of recoveries (27.4) 16.3
Restructuring and other spending (7.0) (1.9)
Transaction and integration costs (4.5) (22.5)
Change in other operating assets and liabilities, net [1] (86.1) 2.7
Cash provided (required) by operating activities of continuing operations (294.1) (308.9)
Cash provided (required) by operating activities of discontinued operations:    
Environmental spending, discontinued, net of recoveries (5.1) (10.8)
Other discontinued spending (3.8) (8.6)
Cash provided (required) by operating activities of discontinued operations (8.9) (19.4)
Cash provided (required) by investing activities of continuing operations:    
Capital expenditures (25.0) (15.5)
Investment in Enterprise Resource Planning system (12.2) (18.6)
Other investing activities (13.9) (9.1)
Cash provided (required) by investing activities of continuing operations (51.1) (43.2)
Cash provided (required) by financing activities of continuing operations:    
Net borrowings (repayments) under committed credit facility 0.0 500.0
Increase (decrease) in short-term debt 346.5 30.7
Repayments of long-term debt (1.0) (0.7)
Issuances of common stock, net 4.2 9.2
Dividends paid [2] (62.3) (57.0)
Repurchases of common stock under publicly announced program (75.0) 0.0
Other repurchases of common stock (7.7) (7.4)
Cash provided (required) by financing activities of continuing operations 204.7 474.8
Effect of exchange rate changes on cash and cash equivalents (2.8) (6.2)
Increase (decrease) in cash and cash equivalents (152.2) 97.1
Cash and cash equivalents, beginning of period 568.9 339.1
Cash and cash equivalents, end of period $ 416.7 $ 436.2
[1] Changes in all periods primarily represent timing of payments associated with all other operating assets and liabilities.
[2] See Note 15 regarding the quarterly cash dividend.