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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From (For) Operating Activities      
Net income $ 146.1 $ 131.0 $ 119.6
Adjustments to derive cash flows:      
Depreciation and amortization 396.5 423.6 444.8
Gain on sale of business (71.7) 0.0 0.0
Share-based compensation 52.2 37.7 43.8
Impairment charges 184.5 224.4 47.5
Asset abandonments 11.0 0.0 0.0
Change in financial assets (22.1) (188.7) 24.9
Loss on extinguishment of debt 0.2 0.5 135.2
Restructuring charges 26.3 21.0 61.0
Deferred income taxes (43.9) (17.9) (48.9)
Amortization of debt premium (4.4) (8.1) (22.4)
Other non-cash adjustments, net 26.6 (11.1) (2.7)
Subtotal 701.3 612.4 802.8
Increase (decrease) in cash due to:      
Accounts receivable (140.7) 21.0 3.2
Inventories (67.0) (98.6) (16.0)
Accounts payable 17.0 28.8 (39.6)
Payroll and related taxes (3.7) (34.5) (27.4)
Accrued customer programs (48.6) 25.5 34.6
Accrued liabilities (23.2) (20.9) (47.8)
Accrued income taxes (74.5) 68.1 (6.1)
Other, net 27.2 (8.8) (4.8)
Subtotal (313.5) (19.4) (103.9)
Net cash from operating activities 387.8 593.0 698.9
Cash Flows From (For) Investing Activities      
Proceeds from royalty rights 2.9 13.7 87.3
Acquisitions of businesses, net of cash acquired (747.7) 0.0 (0.4)
Asset acquisitions (149.1) (35.6) 0.0
Purchase of investment securities 0.0 (7.5) 0.0
Proceeds from the Royalty Pharma contingent milestone 250.0 0.0 0.0
Additions to property, plant and equipment (137.7) (102.6) (88.6)
Net proceeds from sale of business 182.5 5.2 154.6
Proceeds from sale of the Tysabri® financial asset 0.0 0.0 2,200.0
Other investing, net 3.0 0.0 (14.8)
Net cash from (for) investing activities (596.1) (126.8) 2,338.1
Cash Flows From (For) Financing Activities      
Borrowings (repayments) of revolving credit agreements and other financing, net 0.5 (4.4) 6.8
Issuances of long-term debt 600.0 431.0 0.0
Payments on long-term debt (476.0) (482.5) (2,611.0)
Premiums on early debt retirement 0.0 0.0 (116.1)
Deferred financing fees (1.0) (2.4) (4.8)
Issuance of ordinary shares 0.9 1.3 0.7
Repurchase of ordinary shares 0.0 (400.0) (191.5)
Cash dividends (112.4) (104.9) (91.1)
Other financing, net (10.2) (10.0) 2.3
Net cash from (for) financing activities 1.8 (571.9) (3,004.7)
Effect of exchange rate changes on cash and cash equivalents 9.7 (21.9) 24.1
Net increase (decrease) in cash and cash equivalents (196.8) (127.6) 56.4
Cash and cash equivalents, beginning of period 551.1 678.7 622.3
Cash and cash equivalents, end of period 354.3 551.1 678.7
Cash paid/received during the year for:      
Interest paid 136.8 133.8 187.6
Interest received 15.1 5.0 9.3
Income taxes paid 136.2 144.2 186.9
Income taxes refunded $ 28.0 $ 5.1 $ 3.6