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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income (loss) $ 126.0 $ 114.0
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 23.5 25.3
Loss on early extinguishment of debt 0.1 27.7
Stock-based compensation expense 16.2 17.6
Inventory and other non-cash charges 10.2 8.9
Changes in operating assets and liabilities (net of effects of acquisitions and divestitures):    
Trade receivables (68.8) (172.6)
Inventories (193.4) (111.2)
Trade accounts payable 90.3 184.3
Other assets and liabilities 26.7 171.7
Foreign exchange and other operating activities, net (11.5) 3.5
Net cash provided by (used in) operating activities 19.3 269.2
Investing Activities    
Capital expenditures (47.0) (23.9)
Acquisitions, net of cash acquired, and investments (8.2) (25.9)
Other investing activities, net 0.4 1.2
Net cash provided by (used in) investing activities (54.8) (48.6)
Financing Activities    
Repayments of debt (33.0) (881.5)
Proceeds from issuance of debt 185.1 600.1
Payment of debt extinguishment costs 0.0 (16.9)
Share repurchases (82.9) (1.5)
Dividends paid (18.0) (16.7)
Other financing activities, net (13.2) (21.2)
Net cash provided by (used in) financing activities 38.0 (337.7)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (16.1) (5.5)
Net Increase (Decrease) in Cash and Cash Equivalents (13.6) (122.6)
Cash and Cash Equivalents at Beginning of Period 266.9 670.1
Cash and Cash Equivalents at End of Period $ 253.3 $ 547.5