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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash provided (required) by operating activities of continuing operations:    
Net income (loss) $ 269.6 $ (123.8)
Discontinued operations (6.5) 168.8
Income (loss) from continuing operations 263.1 45.0
Adjustments from income from continuing operations to cash provided (required) by operating activities of continuing operations:    
Depreciation and amortization 39.1 23.6
Equity in (earnings) loss of affiliates (0.1) (0.1)
Restructuring and other charges (income) (77.7) 8.3
Deferred income taxes (18.2) 4.8
Pension and other postretirement benefits 2.3 (2.3)
Share-based compensation 6.3 6.3
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
Trade receivables, net (347.6) 78.8
Guarantees of vendor financing 15.7 (2.6)
Inventories (31.8) (37.9)
Accounts payable, trade and other 194.8 68.0
Advance payments from customers (189.6) (209.9)
Accrued customer rebates 142.0 72.3
Income taxes 83.0 1.1
Pension and other postretirement benefit contributions (2.4) (0.9)
Environmental spending, continuing, net of recoveries (2.0) (9.6)
Restructuring and other spending (4.6) (2.1)
Acquisition-related charges (34.0) 0.0
Change in other operating assets and liabilities, net [1] (100.0) (112.8)
Cash provided (required) by operating activities of continuing operations (61.7) (70.0)
Cash provided (required) by operating activities of discontinued operations:    
Environmental spending, discontinued, net of recoveries (3.7) (5.1)
Other discontinued spending (5.0) (9.5)
Operating activities of discontinued operations, net of divestiture costs (8.0) 49.7
Cash provided (required) by operating activities of discontinued operations (16.7) 35.1
Cash provided (required) by investing activities of continuing operations:    
Capital expenditures (24.3) (8.7)
Proceeds from sale of product portfolio 85.0 0.0
Proceeds from disposal of property, plant and equipment 0.1 0.8
Acquisitions, net (13.2) 0.0
Other investing activities (13.9) (17.0)
Cash provided (required) by investing activities of continuing operations 60.1 (24.9)
Cash provided (required) by investing activities of discontinued operations:    
Other discontinued investing activities (15.0) (6.2)
Cash provided (required) by investing activities of discontinued operations (15.0) (6.2)
Cash provided (required) by financing activities of continuing operations:    
Increase (decrease) in short-term debt 138.0 120.1
Repayments of long-term debt (0.6) (0.7)
Financing fees 0.0 (8.5)
Issuances of common stock, net 3.9 9.6
Transactions with noncontrolling interests 0.0 (0.5)
Dividends paid [2] (22.3) (22.1)
Other repurchases of common stock (5.1) (1.4)
Cash provided (required) by financing activities of continuing operations 113.9 96.5
Effect of exchange rate changes on cash and cash equivalents (3.9) 1.4
Increase (decrease) in cash and cash equivalents 76.7 31.9
Cash and cash equivalents, beginning of period 283.0 64.2
Cash and cash equivalents, end of period $ 359.7 $ 96.1
[1] Changes in all periods primarily represent timing of payments associated with all other operating assets and liabilities.
[2] See Note 14 regarding quarterly cash dividend.