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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income (loss) including noncontrolling interest $ 36.4 $ 31.0
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities:    
Depreciation and amortization 40.5 44.2
Provision for credit losses 2.4 34.6
Share-based payment award compensation costs 12.0 0.6
Deferred income tax expense (benefit) (15.4) (5.3)
Foreign currency (gains) losses, net (8.9) 3.0
Other 10.5 0.2
Changes in assets and liabilities, net of acquisitions and divestitures:    
Accounts receivable, net (600.7) 1,462.6
Inventories (77.4) 282.8
Prepaid expenses (24.3) 6.4
Short-term derivative assets, net 39.6 (110.4)
Other current assets 61.9 17.2
Cash collateral with counterparties 24.7 17.6
Other non-current assets (28.9) (18.4)
Accounts payable 605.9 (1,527.1)
Customer deposits (2.7) (2.3)
Accrued expenses and other current liabilities 41.1 (25.2)
Non-current income tax, net and other long-term liabilities 23.8 33.7
Total adjustments 104.2 214.1
Net cash provided by (used in) operating activities 140.6 245.1
Cash flows from investing activities:    
Acquisition of business, net of cash acquired 0.0 (130.6)
Capital expenditures (14.2) (32.9)
Other investing activities, net (5.4) (5.3)
Net cash provided by (used in) investing activities (19.7) (168.7)
Cash flows from financing activities:    
Borrowings of debt 0.3 2,080.0
Repayments of debt (8.9) (1,613.7)
Dividends paid on common stock (13.6) (13.0)
Repurchases of common stock 0.0 (55.6)
Other financing activities, net (13.5) (2.8)
Net cash provided by (used in) financing activities (35.7) 394.9
Effect of exchange rate changes on cash and cash equivalents (1.4) (11.6)
Net increase (decrease) in cash and cash equivalents 83.9 459.6
Cash and cash equivalents, as of the beginning of the period 658.8 186.1
Cash and cash equivalents, as of the end of the period $ 742.7 $ 645.7