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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities      
Net income (loss) $ 220.9 $ (10.6) $ 54.4
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 50.2 49.7 49.6
(Gain) loss on disposition of discontinued operations (3.4) 19.2 (0.1)
Deferred taxes 1.2 5.6 (17.6)
Impairments 6.3 5.5 83.6
(Gain) loss on sale of assets (7.4) (0.4) (9.8)
Loss on early extinguishment of debt 29.4 0.0 0.0
Stock-based compensation expense 33.1 23.8 43.1
Inventory and other non-cash charges 14.7 20.6 47.6
Changes in operating assets and liabilities (net of effects of acquisitions and divestitures):      
Trade receivables (139.0) 16.1 176.1
Inventories (229.5) 261.6 20.3
Trade accounts payable 173.0 (156.9) (220.1)
Other assets and liabilities 140.7 8.8 (57.0)
Foreign exchange and other operating activities, net 3.2 (17.6) 3.3
Net cash provided by (used in) operating activities 293.4 225.4 173.4
Investing Activities      
Capital expenditures (59.7) (64.5) (108.9)
Proceeds from sale of capital assets 1.9 2.7 4.3
Acquisitions, net of cash acquired, and investments (42.7) 0.0 0.0
Proceeds (payments) from disposition of investments (1.7) 7.5 30.7
Proceeds from disposition of discontinued operations 0.0 15.8 177.7
Net cash provided by (used in) investing activities (102.2) (38.5) 103.8
Financing Activities      
Repayments of debt (1,103.5) (176.0) (1,660.5)
Proceeds from issuance of debt 600.1 170.0 1,616.6
Payment of debt extinguishment costs (16.9) 0.0 0.0
Share repurchases (3.0) (56.0) (7.4)
Dividends paid (33.5) (8.4) (31.4)
Other financing activities, net (23.3) (12.4) (21.0)
Net cash provided by (used in) financing activities (580.1) (82.8) (103.7)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (14.3) 25.9 (5.5)
Net Increase (Decrease) in Cash and Cash Equivalents (403.2) 130.0 168.0
Cash and Cash Equivalents at Beginning of Year 670.1 [1] 540.1 [1] 372.1
Cash and Cash Equivalents at End of Year [1] $ 266.9 $ 670.1 $ 540.1
[1] (1) Cash and Cash Equivalents includes Cash and Cash Equivalents-Held for Sale of $5.1 and $5.0 at December 31, 2020 and 2019, respectively.