XML 17 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities    
Net income $ 254.5 $ 476.9
Income from discontinued operations, net of tax (27.0) (219.8)
Gain from sale of discontinued operations, net of tax 0.0 (198.9)
Adjustments to reconcile net income from continuing operations to net cash provided by (used for) operating activities of continuing operations    
Equity income of unconsolidated subsidiaries (7.1) (0.9)
Depreciation 36.9 38.4
Amortization 27.0 27.2
Deferred income taxes (4.1) (3.0)
Loss on sale of business 6.4 3.8
Share-based compensation 16.4 32.2
Loss on early extinguishment of debt 17.1 101.4
Changes in assets and liabilities, net of effects of business acquisitions    
Accounts and notes receivable 73.5 66.9
Inventories (36.3) (16.0)
Other current assets (11.0) (12.9)
Accounts payable (60.1) (61.0)
Employee compensation and benefits (25.4) (17.3)
Other current liabilities 27.7 (54.3)
Other non-current assets and liabilities 10.7 (15.1)
Net cash provided by (used for) operating activities of continuing operations 299.2 147.6
Net cash provided by (used for) operating activities of discontinued operations (14.6) 214.2
Net cash provided by (used for) operating activities 284.6 361.8
Investing activities    
Capital expenditures (33.8) (25.4)
Proceeds from sale of property and equipment (0.4) 3.2
(Payments due to) proceeds from the sale of businesses, net (12.8) 2,764.0
Acquisitions, net of cash acquired (0.9) (45.9)
Net cash provided by (used for) investing activities of continuing operations (47.9) 2,695.9
Net cash provided by (used for) investing activities of discontinued operations (7.1) (41.3)
Net cash provided by (used for) investing activities (55.0) 2,654.6
Financing activities    
Net repayments of short-term borrowings 0.0 (0.8)
Net receipts (repayments) of commercial paper and revolving long-term debt 46.0 (842.3)
Repayments of long-term debt (675.1) (2,009.3)
Debt issuance costs (2.0) 0.0
Premium paid on early extinguishment of debt (16.0) (94.9)
Transfer of cash to nVent (74.2) 0.0
Distribution of cash from nVent 993.6 0.0
Shares issued to employees, net of shares withheld 16.0 34.3
Repurchases of ordinary shares (400.0) (100.0)
Dividends paid (156.7) (188.9)
Net cash provided by (used for) financing activities of continuing operations (268.4) (3,201.9)
Change in cash held for sale 27.0 (5.6)
Effect of exchange rate changes on cash and cash equivalents (9.8) 55.5
Change in cash and cash equivalents (21.6) (135.6)
Cash and cash equivalents, beginning of period 86.3 $ 216.9
Cash and cash equivalents, end of period $ 64.7