XML 32 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income (loss) including noncontrolling interest $ (170.3) $ 126.4 $ 170.5
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities:      
Depreciation and amortization 86.0 82.3 65.5
Provision for bad debt 9.3 15.4 7.5
Share-based payment award compensation costs 21.2 19.2 17.0
Deferred income tax provision (benefit) 13.9 (36.0) 5.3
Goodwill and other impairments 91.9 0.0 0.0
Restructuring charges 25.7 0.0 0.0
Foreign currency losses (gains), net (0.6) (11.8) (7.3)
Other (1.2) (7.5) (5.0)
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable, net (366.6) (506.8) 485.0
Inventories (43.9) (49.5) 81.4
Prepaid expenses (19.7) 7.7 10.8
Short-term derivative assets, net (0.2) 163.7 81.5
Other current assets (13.9) (20.4) 34.0
Cash collateral with financial counterparties (26.7) 149.2 133.3
Other non-current assets (30.3) 4.4 (1.9)
Accounts payable 451.2 423.4 (481.5)
Customer deposits 13.4 (26.3) (17.5)
Accrued expenses and other current liabilities 77.7 (121.9) (141.9)
Non-current income tax, net and other long-term liabilities 88.4 (6.4) 11.0
Total adjustments 375.5 78.8 276.9
Net cash provided by operating activities 205.2 205.2 447.5
Cash flows from investing activities:      
Acquisition of businesses, net of cash acquired and other investments (120.7) (430.8) (96.9)
Capital expenditures (54.0) (36.1) (51.0)
Other investing activities, net (5.4) 38.4 3.2
Net cash used in investing activities (180.1) (428.5) (144.8)
Cash flows from financing activities:      
Borrowings of debt 4,472.7 4,688.0 4,831.2
Repayments of debt (4,749.7) (4,280.3) (4,752.0)
Dividends paid on common stock (16.3) (16.6) (15.3)
Purchases of common stock (61.9) (41.2) (70.5)
Other financing activities, net (6.3) (9.0) (10.5)
Net cash provided by (used in) financing activities (361.6) 340.9 (17.0)
Effect of exchange rate changes on cash and cash equivalents 10.3 (1.5) (5.5)
Net increase (decrease) in cash and cash equivalents (326.2) 116.1 280.2
Cash and cash equivalents, as of beginning of period 698.6 582.5 302.3
Cash and cash equivalents, as of end of period 372.3 698.6 582.5
Supplemental Disclosures of Cash Flow Information Cash paid during the year for:      
Interest, net of capitalized interest 64.9 40.7 33.1
Income taxes $ 50.8 $ 37.5 $ 44.0