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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income (loss) including noncontrolling interest $ 74.2 $ 109.6 $ 181.1
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities:      
Depreciation and amortization 81.0 85.8 87.4
Provision for credit losses 6.3 63.7 25.9
Share-based payment award compensation costs 19.6 (0.9) 23.6
Deferred income tax expense (benefit) (7.6) (14.4) 3.3
Restructuring charges (0.8) 0.3 12.6
Foreign currency (gains) losses, net (7.8) 0.6 10.8
Loss (gain) on sale of business 1.5 (80.0) (13.9)
Other 20.0 1.9 (1.8)
Changes in assets and liabilities, net of acquisitions and divestitures:      
Accounts receivable, net (1,132.6) 1,300.3 (164.1)
Inventories (135.2) 251.0 (61.3)
Prepaid expenses (10.5) 28.1 (17.8)
Short-term derivative assets, net (89.5) (6.9) 132.0
Other current assets (32.1) 63.2 (52.8)
Cash collateral with counterparties 22.9 44.2 (42.7)
Other non-current assets (89.9) (8.7) 33.6
Accounts payable 1,143.8 (1,223.9) 143.7
Customer deposits 52.0 23.6 8.1
Accrued expenses and other current liabilities 179.0 (87.6) (91.9)
Non-current income tax, net and other long-term liabilities 79.0 54.3 12.8
Total adjustments 99.0 494.5 47.7
Net cash provided by (used in) operating activities 173.2 604.1 228.8
Cash flows from investing activities:      
Acquisition of business, net of cash acquired (37.1) (128.6) 0.0
Proceeds from sale of business, net of divested cash 25.0 259.6 30.8
Capital expenditures (39.2) (51.3) (80.9)
Other investing activities, net (7.1) (6.9) (0.4)
Net cash provided by (used in) investing activities (58.3) 72.8 (50.5)
Cash flows from financing activities:      
Borrowings of debt 0.3 2,095.4 5,001.7
Repayments of debt (24.2) (2,207.4) (5,080.2)
Dividends paid on common stock (28.7) (25.6) (21.1)
Repurchases of common stock (50.5) (68.3) (65.4)
Other financing activities, net [1] (10.5) (7.1) (39.9)
Net cash provided by (used in) financing activities (113.6) (213.0) (204.9)
Effect of exchange rate changes on cash and cash equivalents (7.8) 8.8 1.0
Net increase (decrease) in cash and cash equivalents (6.6) 472.7 (25.6)
Cash and cash equivalents, as of the beginning of the period 658.8 186.1 211.7
Cash and cash equivalents, as of the end of the period 652.2 658.8 186.1
Supplemental Disclosures of Cash Flow Information      
Interest, net of capitalized interest 44.4 45.1 77.0
Income taxes $ 39.0 $ 68.5 $ 82.9
[1] 2019 includes $32.7 million cash paid for the acquisition of 30% non-controlling interest of a consolidated subsidiary, Avinode Group AB.