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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income (loss) including noncontrolling interest $ 53.7 $ 115.9 $ 74.2
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities:      
Unrealized (gain) loss on derivatives (267.5) 179.9 14.5
Depreciation and amortization 104.5 107.8 81.0
Noncash operating lease expense 34.7 35.0 31.9
Provision for credit losses 4.7 7.7 6.3
Share-based payment award compensation costs 24.2 17.6 19.6
Deferred income tax expense (benefit) (30.7) (18.5) (7.6)
Unrealized foreign currency (gains) losses, net (16.5) 21.7 (2.8)
Asset impairment charges 32.8 0.6 4.8
Other 23.0 30.8 13.7
Changes in assets and liabilities, net of acquisitions and divestitures:      
Accounts receivable, net 569.2 (870.7) (1,132.6)
Inventories 186.8 (252.1) (135.2)
Prepaid expenses 6.7 (25.2) (10.5)
Other current assets (30.5) (124.2) (33.1)
Cash collateral with counterparties 168.9 (252.9) 22.9
Other non-current assets (88.0) (12.3) (34.9)
Change in derivative assets and liabilities, net (4.7) 2.9 17.4
Accounts payable (441.9) 1,107.5 1,188.8
Accrued expenses and other current liabilities (48.0) 147.8 115.5
Other long-term liabilities (10.1) (80.7) (60.6)
Net cash provided by (used in) operating activities 271.3 138.5 173.2
Cash flows from investing activities:      
Acquisition of business, net of cash acquired (13.7) (643.9) (37.1)
Proceeds from sale of business, net of divested cash 9.3 0.0 25.0
Capital expenditures (87.6) (78.6) (39.2)
Other investing activities, net (9.1) (2.5) (7.1)
Net cash provided by (used in) investing activities (101.1) (724.9) (58.3)
Cash flows from financing activities:      
Borrowings of debt 5,921.8 6,944.9 0.3
Repayments of debt (6,224.4) (6,611.2) (24.2)
Issuance of Convertible Notes 350.0 0.0 0.0
Dividends paid on common stock (34.0) (31.0) (28.7)
Repurchases of common stock (60.1) (48.7) (50.5)
Purchase of convertible note hedges (70.5) 0.0 0.0
Sale of warrants 40.0 0.0 0.0
Payments of deferred consideration for acquisitions (62.9) (12.0) (9.7)
Other financing activities, net (12.2) (4.6) (0.8)
Net cash provided by (used in) financing activities (152.4) 237.3 (113.6)
Effect of exchange rate changes on cash and cash equivalents (12.0) (4.7) (7.8)
Net increase (decrease) in cash and cash equivalents 5.9 (353.8) (6.6)
Cash and cash equivalents, as of the beginning of the period 298.4 652.2 658.8
Cash and cash equivalents, as of the end of the period 304.3 298.4 652.2
Supplemental Disclosures of Cash Flow Information      
Interest, net of capitalized interest 130.4 113.4 44.4
Income taxes $ 61.3 $ 66.6 $ 39.0