XML 28 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flow from operating activities:      
Net income (loss) $ (205.5) $ (27.0) $ 75.4
Income from discontinued operations, net of tax 0.0 143.7 15.9
Income (loss) from continuing operations, net of tax (205.5) (170.7) 59.5
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Depreciation and amortization 252.2 134.8 64.0
Share-based compensation expense 33.9 22.2 12.4
Impairment of assets 3.1 9.8 18.9
Deferred income taxes 16.6 (94.6) (40.1)
Other Noncash Income (Expense) 3.5 (13.6) (0.1)
Cash flow from changes in certain assets and liabilities, net of the effects of acquisitions      
Trade receivables 23.2 100.9 (56.4)
Inventories 17.7 124.3 (51.2)
Income taxes (37.3) (51.7) (16.0)
Accounts payable (6.3) (112.1) 57.6
Deferred revenue 26.0 61.6 (14.7)
Increase (Decrease) in Restructuring Reserve (33.5) 88.0 (3.5)
Warranty liability (34.2) (42.2) (13.8)
Pension and other post-retirement benefits (25.0) (16.6) (20.9)
Certain other assets and liabilities 2.7 (0.8) 36.4
Net cash provided (used) by operating activities - continuing operations 37.1 39.3 32.1
Net cash provided (used) by operating activities - discontinued operations 0.0 (10.6) 5.1
Net cash provided (used) by operating activities 37.1 28.7 37.2
Cash flow from investing activities:      
Payments for acquisitions, net of cash acquired (5.6) (884.6) (59.4)
Proceeds from maturities of investments 296.2 225.0 176.1
Proceeds from sale of investments 0.0 0.0  
Payments for purchases of investments (329.8) (243.5) (125.5)
Proceeds from divestitures and the sale of assets 20.9 31.3 5.0
Capital expenditures (69.4) (39.5) (52.3)
Increase in certain other assets (41.1) (28.2) (6.3)
Proceeds from sale of foreign currency option and forward contracts, net 0.0 16.2 0.0
Net cash provided (used) by investing activities - continuing operations (128.8) (923.3) (62.4)
Net cash provided (used) by investing activities - discontinued operations 0.0 361.9 (2.5)
Net cash provided (used) by investing activities (128.8) (561.4) (64.9)
Cash flow from financing activities:      
Dividends paid (30.6) (64.6) (75.6)
Debt issuance costs (1.1) (39.2) (6.0)
Revolving debt borrowings (repayments), net 75.0 (178.0) 155.8
Other debt borrowings 374.1 1,837.7 135.8
Other debt repayments (458.8) (662.5) (168.7)
Distributions to noncontrolling interest holders (17.6) (10.2) (0.1)
Issuance of common shares 0.3 0.3 3.5
Repurchase of common shares (5.0) (2.2) (3.0)
Net cash provided (used) by financing activities (63.7) 881.3 41.7
Effect of exchange rate changes on cash 37.9 (8.0) (23.9)
Increase (decrease) in cash and cash equivalents (117.5) 340.6 (9.9)
Add: Cash overdraft included in assets held for sale at beginning of year 0.0 (1.5) (4.1)
Less: Cash overdraft included in assets held for sale at end of year 0.0 0.0 (1.5)
Cash and cash equivalents at the beginning of the year 652.7 313.6 326.1
Cash and cash equivalents at the end of the year 535.2 652.7 313.6
Cash paid for      
Income taxes 78.2 83.8 64.8
Interest $ 99.9 $ 85.4 $ 32.6