XML 18 R9.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (Loss) Income $ (5.5) $ 127.1
Adjustments to Reconcile Net (Loss) Income to Net Cash Provided by (Used In) Operating Activities (Net of Acquisitions and Divestitures):    
Depreciation 30.2 30.6
Amortization 46.3 47.3
Noncash Lease Expense 7.7 9.9
Share-Based Compensation Expense 21.7 6.3
Financing Fee Expense 23.0 0.9
Other Non-Cash Changes 0.3 (0.3)
Change in Operating Assets and Liabilities, Net of Acquisitions and Divestitures    
Receivables 31.7 (48.2)
Inventories 47.1 (144.3)
Accounts Payable (18.3) (2.6)
Current Liabilities and Other (78.0) (32.6)
Net Cash Provided by (Used in) Operating Activities 106.2 (5.9)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to Property, Plant and Equipment (18.7) (13.4)
Proceeds Received from Sales of Property, Plant and Equipment 6.1 1.4
Business Acquisitions, Net of Cash Acquired (4,852.9) (35.0)
Net Cash Used in Investing Activities (4,865.5) (47.0)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings Under Revolving Credit Facility 893.3 1,340.5
Repayments Under Revolving Credit Facility (639.5) (1,122.2)
Proceeds from Short-Term Borrowings 14.1 5.1
Repayments of Short-Term Borrowings (15.9) (7.0)
Proceeds from Long-Term Borrowings 5,532.9 1,036.8
Repayments of Long-Term Borrowings (500.8) (1,107.5)
Dividends Paid to Shareholders (23.2) (22.3)
Shares Surrendered for Taxes (8.2) (2.8)
Proceeds from the Exercise of Stock Options 0.9 1.8
Repurchase of Common Stock 0.0 (114.2)
Financing Fees Paid (50.0) (4.5)
Net Cash Provided By Financing Activities 5,203.6 3.7
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS 10.5 1.1
Net Increase (Decrease) in Cash and Cash Equivalents 454.8 (48.1)
Cash and Cash Equivalents at Beginning of Period 688.5 672.8
Cash and Cash Equivalents at End of Period 1,143.3 624.7
Cash Paid For:    
Interest 75.1 10.1
Income taxes $ 23.0 $ 18.8