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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Cash flows from operating activities:          
Net income $ 89.8 $ 131.7 $ (61.4) $ 185.0  
Adjustments to reconcile net income to net cash used in operating activities:          
Depreciation and amortization     174.3 254.8  
Impairment of goodwill, intangibles and other assets     188.6 485.6  
(Gain) loss from sale of businesses     1.9 (461.8)  
Deferred income taxes     (37.7) (37.9)  
Stock-based compensation expense     20.3 37.7  
Loss on change in fair value of investments     17.9 0.0  
Other, net     2.6 2.4  
Changes in operating assets and liabilities, excluding the effects of acquisitions and divestitures:          
Accounts receivable     74.8 (111.2)  
Inventories     (294.6) (250.3)  
Accounts payable     41.4 (214.0)  
Accrued liabilities and other     (137.2) (280.8)  
Net cash used in operating activities     (9.1) (390.5)  
Cash flows from investing activities:          
Proceeds from sale of divested businesses     739.8 2,665.4  
Capital expenditures     (115.2) (201.0)  
Other investing activities     (2.2) (4.0)  
Net cash provided by investing activities     622.4 2,460.4  
Cash flows from financing activities:          
Net short-term debt     (10.3) (18.1)  
Payments on current portion long-term debt     (268.2) 0.0  
Payments on long-term debt     (5.4) (1.4)  
Debt issuance and extinguishment costs     (2.7) 0.0  
Cash dividends     (195.3) (224.9)  
Equity compensation activity and other, net     (4.1) (18.5)  
Net cash used in financing activities     (486.0) (262.9)  
Exchange rate effect on cash and cash equivalents     1.5 (13.3)  
Increase in cash and cash equivalents     128.8 1,793.7  
Cash and cash equivalents at beginning of period     495.7 485.7 $ 485.7
Cash and cash equivalents at end of period $ 624.5 $ 2,279.4 624.5 2,279.4 $ 495.7
Supplemental disclosures:          
Net cash provided by discontinued operating activities     24.4 88.3  
Net cash provided by discontinued investing activities     715.4 2,581.7  
Capital expenditures for discontinued operations     $ (24.9) $ (84.3)