XML 59 R9.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (224.5) $ (970.1)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 547.7 550.3
Non-cash lease expense (See Note 3) 81.5 0.0
Deferred income taxes (150.7) (57.5)
Provision for bad debts 28.2 7.8
Provision for pension and other post-employment benefits 26.4 27.3
Share-based compensation 18.1 7.8
Gain on sale of business (See Note 5) (84.5) 0.0
Asset impairment charges 40.4 977.7
Non-cash restructuring charges 0.3 27.8
Foreign exchange losses 33.8 0.3
Other 37.7 28.3
Change in operating assets and liabilities, net of effects from purchase of acquired companies and sale of business:    
Trade receivables 206.0 290.1
Inventories 97.2 (59.4)
Prepaid expenses and other current assets (8.4) (7.5)
Accounts payable (246.0) (5.3)
Accrued expenses and other current liabilities (31.7) (344.1)
Operating lease liabilities (80.9) 0.0
Income and other taxes payable (25.8) (3.8)
Other noncurrent assets (30.8) 19.4
Other noncurrent liabilities (29.5) (37.7)
Net cash provided by operating activities 204.5 451.4
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (206.4) (330.9)
Proceeds from sale of business, net of cash disposed 25.6 0.0
Payment for business combinations and asset acquisitions, net of cash acquired (592.2) (40.8)
Proceeds from sale of assets 0.2 0.7
Net cash used in investing activities (772.8) (371.0)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net repayments of short-term debt, original maturity less than three months (4.0) (17.1)
Proceeds from revolving loan facilities 4,543.9 1,587.4
Repayments of revolving loan facilities (2,589.0) (1,106.8)
Repayments of term loans and other long-term debt (139.4) (142.5)
Dividend payment (196.9) (282.8)
Net proceeds from issuance of Class A Common Stock and Series A Preferred Stock 2.7 2.0
Payments for purchases of Class A Common Stock held as Treasury Stock (4.5) 0.0
Net payments of foreign currency contracts (9.4) (6.5)
Purchase of remaining mandatorily redeemable noncontrolling interest (45.0) 0.0
Distributions to noncontrolling interests, redeemable noncontrolling interests and mandatorily redeemable financial instruments (24.5) (34.3)
Payment of debt issuance costs 0.0 (10.7)
All other (4.1) (5.4)
Net cash provided by (used in) financing activities 1,529.8 (16.7)
EFFECT OF EXCHANGE RATES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH (30.3) (5.7)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 931.2 58.0
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period 380.4 362.2
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period 1,311.6 420.2
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Cash paid during the period for interest 188.8 195.8
Cash received during the period for settlement of interest rate swaps 0.0 43.2
Cash paid during the period for income taxes, net of refunds received 125.5 88.4
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Accrued capital expenditure additions 82.1 97.3
Non-cash Common Stock dividend $ 88.9 $ 0.0