XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
OPERATING ACTIVITIES    
Net loss $ (1.1) $ (12.9)
Adjustments to reconcile net loss to net cash used in operating activities:    
Impairment charges and other-net 0.1 20.6
Depreciation and amortization 33.8 40.8
Provision for credit losses (0.1) 4.4
Share-based compensation 0.2 1.4
Deferred income taxes (0.5) (1.8)
Net pension and other postretirement benefits plan income (4.6) (3.4)
(Gain) loss on disposition of businesses and other assets (1.7) 6.6
Other 3.5 1.1
Changes in operating assets and liabilities:    
Accounts receivable-net 75.8 62.7
Inventories (0.4) (4.1)
Prepaid expenses and other current assets (6.7) (4.9)
Accounts payable (89.3) (143.3)
Current income taxes (4.6) (13.5)
Accrued liabilities and other (21.4) (29.3)
Pension and other postretirement benefits plan contributions (1.9) (4.0)
Net cash used in operating activities (18.9) (79.6)
INVESTING ACTIVITIES    
Capital expenditures (13.0) (17.7)
Disposition of businesses (0.8) 12.9
Proceeds from sales of investments and other assets 2.4 2.9
Proceeds related to company-owned life insurance 0.1 1.6
Net cash used in investing activities (11.3) (0.3)
FINANCING ACTIVITIES    
Payments of current maturities and long-term debt (1.4) (58.7)
Proceeds from credit facility borrowings 207.0 578.0
Payments on credit facility borrowings (207.0) (170.0)
Dividends paid   (2.1)
Payments of withholding taxes on share-based compensation (2.4) (0.6)
Other financing activities (0.9) (0.7)
Net cash (used in) provided by financing activities (4.7) 345.9
Effect of exchange rate on cash, cash equivalents and restricted cash (2.1) (6.0)
Net (decrease) increase in cash, cash equivalents and restricted cash (37.0) 260.0
Cash, cash equivalents and restricted cash at beginning of year 357.6 223.8
Cash, cash equivalents and restricted cash at end of period $ 320.6 483.8
Supplemental cash flow disclosures:    
Operating cash flows used in discontinued operations   (1.4)
Investing cash flows used in discontinued operations   $ (0.1)