XML 18 R7.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income (loss) including noncontrolling interest $ (360.4) $ 134.1
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities:    
Unrealized (gain) loss on derivatives 13.6 46.4
(Gain) loss on sale of business 81.7 (96.0)
Depreciation and amortization 49.5 49.8
Noncash operating lease expense 18.9 16.0
Provision for credit losses 4.1 4.0
Share-based payment award compensation costs 9.2 11.8
Deferred income tax expense (benefit) (139.8) (31.5)
Unrealized foreign currency (gains) losses, net 2.3 14.1
Goodwill and other asset impairments 443.1 2.4
Other 12.4 11.7
Changes in assets and liabilities, net of acquisitions and divestitures:    
Accounts receivable, net 168.6 114.7
Inventories 20.0 18.5
Prepaid expenses (7.6) (10.4)
Other current assets 15.6 16.1
Cash collateral with counterparties 15.0 79.4
Other non-current assets (56.2) (66.5)
Change in derivative assets and liabilities, net 2.0 (4.2)
Accounts payable (90.0) (102.8)
Accrued expenses and other current liabilities (73.3) (45.9)
Other long-term liabilities 13.8 16.3
Net cash provided by (used in) operating activities 142.6 178.1
Cash flows from investing activities:    
Proceeds from divestiture of businesses, net of cash divested 23.4 200.4
Capital expenditures (30.1) (32.1)
Other investing activities, net 1.9 (4.5)
Net cash provided by (used in) investing activities (4.8) 163.8
Cash flows from financing activities:    
Borrowings of debt 1,624.0 1,885.0
Repayments of debt (1,682.8) (1,896.1)
Dividends paid on common stock (19.2) (18.5)
Repurchases of common stock (45.0) (29.1)
Payments of deferred consideration for acquisitions (0.4) (50.9)
Other financing activities, net (7.6) (5.1)
Net cash provided by (used in) financing activities (131.1) (114.7)
Effect of exchange rate changes on cash and cash equivalents 13.6 (7.0)
Net increase (decrease) in cash and cash equivalents 20.3 220.3
Cash and cash equivalents, as of the beginning of the period 382.9 304.3
Cash and cash equivalents, as of the end of the period $ 403.2 $ 524.6