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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities    
Net income $ 255.6 $ 257.9
Loss from discontinued operations, net of tax 1.7 0.9
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 (1.0) (3.0)
Depreciation 34.4 36.4
Amortization 21.5 24.1
Deferred income taxes 8.5 (17.7)
Loss (gain) on sale of businesses 0.1 (3.3)
Share-based compensation 15.2 15.3
Asset impairment 0.0 18.2
Pension settlement gain 0.0 (11.8)
Pension and other post-retirement plan contribution 0.0 (11.1)
Changes in assets and liabilities, net of effects of business acquisitions    
Accounts receivable 147.3 82.8
Inventories (17.7) 4.0
Other current assets (13.4) (10.5)
Accounts payable (46.7) (128.8)
Employee compensation and benefits 35.0 (19.1)
Other current liabilities 61.1 21.3
Other non-current assets and liabilities (0.8) 10.5
Net cash provided by operating activities of continuing operations 500.8 266.1
Net cash used for operating activities of discontinued operations (0.5) (1.4)
Net cash provided by operating activities 500.3 264.7
Investing activities    
Capital expenditures (44.4) (44.6)
Proceeds from sale of property and equipment 0.1 0.4
Proceeds from the sale of businesses, net 0.0 0.7
Acquisitions, net of cash acquired (28.5) (284.5)
Other 2.2 (1.5)
Net cash used for investing activities (70.6) (329.5)
Financing activities    
Net (repayments) receipts of commercial paper and revolving long-term debt (151.3) 91.2
Proceeds from long-term debt 0.0 400.0
Repayments of long-term debt (74.0) (151.5)
Debt issuance costs 0.0 (6.3)
Shares issued to employees, net of shares withheld 21.1 6.8
Repurchases of ordinary shares (115.2) (150.0)
Dividends paid (95.4) (92.4)
Net cash (used for) provided by financing activities (414.8) 97.8
Effect of exchange rate changes on cash and cash equivalents (14.8) 5.9
Change in cash and cash equivalents 0.1 38.9
Cash and cash equivalents, beginning of period 82.5 74.3
Cash and cash equivalents, end of period $ 82.6 $ 113.2