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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash provided by (used in) operating activities:    
Net income (loss) $ 196.0 $ 88.8
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:    
Depreciation and amortization 78.6 81.7
Non-cash operating lease costs 13.5 12.9
Deferred income taxes (2.2) (2.2)
LIFO Reserve 10.7 (1.9)
Share-based compensation 11.1 9.8
Other non-cash items 15.2 10.6
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable, net (98.4) (28.2)
Inventories, net (63.3) (37.3)
Prepaid and other current assets (2.3) (7.5)
Accounts payable 48.2 20.3
Accrued expenses 5.3 (0.2)
Accrued payroll and employee benefits (2.7) 9.6
Income taxes 10.1 (4.6)
Litigation verdict charge 0.0 85.0
Operating leases (15.5) (15.3)
Changes in other operating assets and liabilities, net 10.6 (4.5)
Net cash provided by (used in) operating activities 214.9 217.0
Cash provided by (used in) investing activities:    
Capital expenditures (93.3) (66.4)
Purchase of strategic investments (62.8) (16.5)
Net investment hedge settlement 14.7 0.0
Other investing activities, net (3.3) (0.5)
Net cash provided by (used in) investing activities (144.7) (83.4)
Cash provided by (used in) financing activities:    
Proceeds from revolving credit facility 788.0 0.0
Payments on revolving credit facility (279.0) 0.0
Payments on long-term borrowings (628.1) (18.8)
Debt issuance costs (3.0) 0.0
Debt repayment costs (3.8) 0.0
Finance lease obligations, net (0.4) (0.6)
Borrowings (repayments) of notes payable and other short-term borrowings, net 0.0 (1.9)
Tax payments related to withholdings on vested equity awards (2.2) (2.4)
Proceeds and withholdings from share-based compensation plans, net 2.8 3.7
Repurchases of common stock under publicly announced plan (139.2) (100.3)
Net cash provided by (used in) financing activities (264.9) (120.3)
Increase (decrease) in cash, cash equivalents, and restricted cash (194.7) 13.3
Effect of exchange rate changes on cash (8.6) (1.8)
Change in cash, cash equivalents, and restricted cash (203.3) 11.5
Cash, cash equivalents, and restricted cash at beginning of period 276.1 258.4
Cash, cash equivalents and restricted cash at end of period [1] 72.8 269.9
Supplemental cash flow information:    
Cash paid for interest, net of capitalized interest 35.9 35.5
Cash paid for income taxes, net of refunds 42.6 43.2
Purchases of property, plant and equipment in accounts payable 5.1 5.9
Leased assets obtained in exchange for new operating lease liabilities $ 9.2 $ 14.7
[1] (1) Includes restricted cash of $0.5 million and $0.5 million and cash and cash equivalents of $72.3 million and $269.4 million at September 30, 2022 and 2021, respectively. Restricted cash is included within "Prepaid and other current assets" within the condensed consolidated balance sheets.