XML 29 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows From (For) Operating Activities      
Net income (loss) $ (68.9) $ (162.6) $ 146.1
Adjustments to derive cash flows:      
Depreciation and amortization 312.2 384.8 396.5
Loss (Gain) on sale of business (47.5) 20.9 (71.7)
Share-based compensation 60.1 58.5 52.2
Impairment charges 173.1 346.8 184.5
Change in financial assets 0.0 96.4 (22.1)
Loss on extinguishment of debt 0.0 20.0 0.2
Restructuring charges 16.9 3.5 26.3
Deferred income taxes 9.4 (54.5) (43.9)
Amortization of debt premium (3.8) (2.4) (4.4)
Other non-cash adjustments, net 0.2 (6.0) 37.6
Subtotal 451.7 705.4 701.3
Increase (decrease) in cash due to:      
Accounts receivable (159.7) 168.9 (140.7)
Inventories (2.4) (170.6) (67.0)
Accounts payable (7.9) (2.7) 17.0
Payroll and related taxes (53.0) 10.8 (3.7)
Accrued customer programs 1.4 (43.3) (48.6)
Accrued liabilities (21.4) (23.1) (23.2)
Accrued income taxes (47.7) (7.0) (74.5)
Other, net (4.7) (2.2) 27.2
Subtotal (295.4) (69.2) (313.5)
Net cash from (for) operating activities 156.3 636.2 387.8
Cash Flows From (For) Investing Activities      
Proceeds from royalty rights 3.8 4.1 2.9
Acquisitions of businesses, net of cash acquired 0.0 (168.5) (747.7)
Asset acquisitions (70.6) (35.2) (149.1)
Purchase of equity method investment 0.0 (15.0) 0.0
Proceeds from the Royalty Pharma contingent milestone 0.0 0.0 250.0
Additions to property, plant and equipment (152.1) (170.4) (137.7)
Net proceeds from sale of businesses 1,491.9 187.8 182.5
Other investing, net 2.8 9.4 3.0
Net cash from (for) investing activities 1,275.8 (187.8) (596.1)
Cash Flows From (For) Financing Activities      
Borrowings (repayments) of revolving credit agreements and other financing, net (30.6) (3.9) 0.5
Issuances of long-term debt 0.0 743.8 600.0
Payments on long-term debt 0.0 (590.0) (476.0)
Premiums on early debt retirement 0.0 (19.0) 0.0
Deferred financing fees 0.0 (6.7) (1.0)
Issuance of ordinary shares 0.0 0.0 0.9
Repurchase of ordinary shares 0.0 (164.2) 0.0
Cash dividends (129.6) (123.9) (112.4)
Other financing, net (18.5) (17.2) (10.2)
Net cash from (for) financing activities (178.7) (181.1) 1.8
Effect of exchange rate changes on cash and cash equivalents (15.6) 19.9 9.7
Net increase (decrease) in cash and cash equivalents 1,237.8 287.2 (196.8)
Cash and cash equivalents of continuing operations, beginning of period 631.5 344.5 541.9
Cash and cash equivalents held for sale, beginning of period 10.0 9.8 9.2
Less cash and cash equivalents held for sale, end of period (14.4) (10.0) (9.8)
Cash and cash equivalents of continuing operations, end of period 1,864.9 631.5 344.5
Cash paid/received during the year for:      
Interest paid 133.0 145.8 136.8
Interest received 8.0 12.1 15.1
Income taxes paid 448.0 81.2 136.2
Income taxes refunded $ 17.1 $ 38.3 $ 28.0