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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 46.9 $ 164.2
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation and Amortization 236.0 227.3
Deferred Income Taxes (10.3) 26.8
Amount of Postretirement Expense Greater Than Funding 157.0 5.1
Other, Net 30.6 5.9
Changes in Operating Assets and Liabilities (316.4) (369.5)
Net Cash Provided by Operating Activities 143.8 59.8
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital Spending (292.6) (146.2)
Packaging Machinery Spending (14.0) (12.1)
Acquisition of Businesses, Net of Cash Acquired (122.6) (2.0)
Beneficial Interest on Sold Receivables 53.4 309.6
Beneficial Interest Obtained in Exchange for Proceeds (5.0) (156.9)
Other, Net (7.9) (2.4)
Net Cash Used in Investing Activities (388.7) (10.0)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase of Common Stock (157.4) (78.7)
Payments on Debt (18.3) (18.3)
Redemption of Noncontrolling Interest (250.0) 0.0
Proceeds from Issuance of Debt 450.0 300.0
Borrowings under Revolving Credit Facilities 1,534.8 1,303.4
Payments on Revolving Credit Facilities (1,308.2) (1,495.3)
Repurchase of Common Stock related to Share-Based Payments (8.9) (4.0)
Debt Issuance Costs (6.7) (4.2)
Dividends and Distributions Paid to GPIP Partner (53.6) (58.3)
Other, Net (1.3) (1.0)
Net Cash Provided by (Used in) Financing Activities 180.4 (56.4)
Effect of Exchange Rate Changes on Cash (4.8) 0.8
Net Decrease in Cash and Cash Equivalents (69.3) (5.8)
Cash and Cash Equivalents at Beginning of Period 152.9 70.5
CASH AND CASH EQUIVALENTS AT END OF PERIOD 83.6 64.7
Non-cash Investing and Financing Activities:    
Beneficial Interest Obtained in Exchange for Trade Receivables 67.6  
Beneficial Interest Obtained (Sold) in Exchange for Trade Receivables   (102.2)
Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities 48.6 41.6
Right-of-Use Assets Obtained in Exchange for New Finance Lease Liabilities $ 0.0 $ 15.5