XML 17 R7.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Consolidated net loss $ (193.2) $ (427.1) $ (104.9)
Adjustments to reconcile consolidated net loss to net cash provided by operating activities:      
Foreign currency losses 14.5 0.2 6.8
Non-cash interest expense 1.2 1.2 1.3
Employee stock compensation 21.2 17.2 20.0
Depreciation and amortization of properties 24.3 29.1 50.2
Depreciation and amortization of outsourcing assets 22.6 50.3 64.5
Amortization of marketable software 52.3 49.7 58.7
Amortization of intangible assets 7.2 9.7 10.1
Goodwill impairment 39.1 0.0 0.0
Other non-cash operating activities (1.2) (0.2) 0.3
Loss on disposal of capital assets 0.2 6.0 6.6
Pension and postretirement contributions (27.1) (48.0) (43.7)
Pension and postretirement expense 182.2 388.5 45.3
Deferred income taxes, net 35.6 24.5 (8.3)
Changes in operating assets and liabilities, excluding the effect of acquisitions:      
Receivables, net and contract assets (24.5) 4.2 15.5
Inventories (1.7) 0.0 (8.0)
Other assets (21.5) (25.5) (2.6)
Accounts payable and current liabilities (20.7) (20.9) (103.8)
Other liabilities 24.6 15.3 4.7
Net cash provided by operating activities 135.1 74.2 12.7
Cash flows from investing activities      
Proceeds from foreign exchange forward contracts 3,077.1 2,751.6 3,336.1
Purchases of foreign exchange forward contracts (3,094.4) (2,740.4) (3,380.4)
Investment in marketable software (47.5) (46.0) (46.3)
Capital additions of properties (16.0) (21.3) (31.0)
Capital additions of outsourcing assets (16.3) (11.4) (8.6)
Purchases of businesses, net of cash acquired 0.0 (1.2) (0.3)
Other (0.3) (0.9) (0.9)
Net cash used for investing activities (97.4) (69.6) (131.4)
Cash flows from financing activities      
Payments of long-term debt (15.4) (16.9) (17.8)
Financing fees (0.5) 0.0 0.0
Other (2.2) (0.4) (3.8)
Net cash used for financing activities (18.1) (17.3) (21.6)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (25.7) 6.7 (17.6)
Decrease in cash, cash equivalents and restricted cash (6.1) (6.0) (157.9)
Cash, cash equivalents and restricted cash, beginning of year 396.7 402.7 560.6
Cash, cash equivalents and restricted cash, end of year $ 390.6 $ 396.7 $ 402.7