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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
OPERATING ACTIVITIES    
Net earnings $ 19.1 $ 19.0
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:    
Impairment charges - net 21.8 0.8
Depreciation and amortization 143.1 312.5
Provision for doubtful accounts receivable 1.7 20.4
Share-based compensation 6.4 13.4
Deferred income taxes (10.1) (33.5)
Changes in uncertain tax positions 0.7 (0.4)
Gain on investments and other assets - net (2.8) (13.0)
Realized gain on disposition of available-for-sale securities - net (42.4)  
Loss on debt extinguishments 20.1 85.3
Net pension and other postretirement benefits plan income (11.0) (55.1)
Net loss on pension and other postretirement benefits plan settlements and curtailments (Note 8)   78.8
Other 14.7 9.6
Changes in operating assets and liabilities - net of dispositions and acquisitions:    
Accounts receivable - net (26.3) (122.4)
Inventories (62.5) (60.0)
Prepaid expenses and other current assets (6.3) (9.2)
Accounts payable (18.9) (160.8)
Income taxes payable and receivable (11.4) (35.6)
Accrued liabilities and other (36.1) (23.4)
Pension and other postretirement benefits plan contributions (12.4) (18.6)
Net cash (used in) provided by operating activities (12.6) 7.8
INVESTING ACTIVITIES    
Capital expenditures (77.2) (147.9)
Acquisitions of businesses, net of cash acquired   (47.5)
Disposition of businesses   13.7
Proceeds from sales of investments and other assets 127.6 3.7
Transfers (to) from restricted cash (2.4) 13.7
Other investing activities   (3.6)
Net cash provided by (used in) investing activities 48.0 (167.9)
FINANCING ACTIVITIES    
Net change in short-term debt 10.2 5.7
Payments of current maturities and long-term debt (200.9) (786.6)
Proceeds from issuances of long-term debt   1,164.0
Payments on Credit Agreement borrowings (1,000.0)  
Proceeds from Credit Agreement borrowings 1,165.0  
Proceeds from termination of interest rate swaps   2.5
Debt issuance costs 4.4 37.5
Dividends paid (29.4) (163.2)
Net transfer of cash and cash equivalents to LSC and Donnelley Financial (78.0)  
Other financing activities (1.6) 2.5
Net cash (used in) provided by financing activities (139.1) 187.4
Effect of exchange rate on cash and cash equivalents 12.0 (5.1)
Net (decrease) increase in cash and cash equivalents (91.7) 22.2
Cash and cash equivalents at beginning of year 317.5 389.6
Cash and cash equivalents at end of period 225.8 411.8
SUPPLEMENTAL NON-CASH DISCLOSURE:    
Assumption of warehousing equipment related to customer contract   8.8
Debt-for-equity exchange $ 132.9  
Debt-for-debt exchanges, including debt issuance costs of $5.5 million in 2016   $ 300.0