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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash provided (required) by operating activities of continuing operations:    
Net income (loss) $ 546.8 $ 503.3
Discontinued operations, net of income taxes 32.4 36.7
Income (loss) from continuing operations 579.2 540.0
Adjustments from income from continuing operations to cash provided (required) by operating activities of continuing operations:    
Depreciation and amortization 128.5 120.7
Restructuring and other charges (income) 52.3 43.9
Deferred income taxes 9.2 2.6
Pension and other postretirement benefits 18.4 19.7
Share-based compensation 13.5 15.2
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
Trade receivables, net (170.8) 77.9
Guarantees of vendor financing 14.5 21.3
Advance payments from customers (343.9) (487.4)
Accrued customer rebates 378.4 247.1
Inventories (371.2) (141.7)
Accounts payable, trade and other 147.2 (142.8)
Income taxes (23.5) 15.7
Pension and other postretirement benefit contributions (2.9) (3.6)
Environmental spending, continuing, net of recoveries (51.2) 6.9
Restructuring and other spending [1] (21.9) (11.6)
Transaction and integration costs (8.4) (53.3)
Change in other operating assets and liabilities, net [2] (49.2) 42.9
Cash provided (required) by operating activities of continuing operations 298.2 313.5
Cash provided (required) by operating activities of discontinued operations:    
Environmental spending, discontinued, net of recoveries (38.1) (43.6)
Other discontinued spending (15.8) (22.5)
Operating activities of discontinued operations, net of divestiture costs 0.0 (0.2)
Cash provided (required) by operating activities of discontinued operations (53.9) (66.3)
Cash provided (required) by investing activities of continuing operations:    
Capital expenditures (76.4) (35.2)
Investment in Enterprise Resource Planning system (12.7) (42.2)
Acquisitions, including cost and equity method, net (4.6) 0.0
Other investing activities (22.2) (23.1)
Cash provided (required) by investing activities of continuing operations (115.9) (100.5)
Proceeds from disposal of property, plant and equipment 16.8 1.1
Cash provided (required) by investing activities of discontinued operations 16.8 1.1
Cash provided (required) by financing activities of continuing operations:    
Increase (decrease) in short-term debt 125.6 (35.6)
Repayments of long-term debt (2.6) 0.0
Financing fees (1.7) (3.5)
Proceeds from borrowings of long-term debt 0.0 17.2
Acquisitions of noncontrolling interests 0.0 (7.4)
Distributions to noncontrolling interests 0.0 (1.3)
Issuances of common stock, net 5.9 23.0
Dividends paid [3] (186.2) (171.3)
Repurchases of common stock under publicly announced program (300.0) 0.0
Other repurchases of common stock (8.0) (7.5)
Cash provided (required) by financing activities of continuing operations (367.0) (186.4)
Effect of exchange rate changes on cash and cash equivalents (6.1) (3.4)
Increase (decrease) in cash and cash equivalents (227.9) (42.0)
Cash and cash equivalents, beginning of period 568.9 339.1
Cash and cash equivalents, end of period $ 341.0 $ 297.1
[1] The restructuring and other spending amount for the nine months ended September 30, 2021 and 2020 includes spending of $2.0 million and $3.1 million, respectively, related to the Furadan® asset retirement obligations.
[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.