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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows from Operating Activities    
Net loss $ (165.4) $ (146.4)
Loss from discontinued operations, net of tax 9.6 3.8
Net loss from continuing operations, net of tax (155.8) (142.6)
Adjustments to reconcile net loss to net cash (used) provided by operating activities:    
Depreciation 20.5 26.9
Amortization 7.1 8.8
Provision for doubtful accounts 37.0 35.4
Provision for obsolescence 12.6 12.5
Share-based compensation 6.2 (0.1)
Foreign exchange losses 1.7 5.8
Deferred income taxes (13.5) 28.7
Charge for Venezuelan monetary assets and liabilities 0.0 (4.2)
Charge for Venezuelan non-monetary assets 0.0 101.7
Pre-tax gain on sale of business 120.5 0.0
Other 2.2 0.4
Changes in assets and liabilities:    
Accounts receivable (21.4) (28.3)
Inventories (80.5) (62.8)
Prepaid expenses and other (14.2) (6.4)
Accounts payable and accrued liabilities (61.8) (123.9)
Income and other taxes 8.0 (11.3)
Noncurrent assets and liabilities (59.9) (18.1)
Net cash (used) provided by operating activities (191.3) (177.5)
Cash Flows from Investing Activities    
Capital expenditures (23.7) (21.3)
Disposal of assets 1.3 2.4
Purchases of investments 0.0 (4.6)
Proceeds from sale of investments 0.0 0.6
Reduction of cash due to Venezuela deconsolidation (4.5) 0.0
Other investing activities 1.6 0.0
Net cash provided (used) by investing activities (25.3) (22.9)
Cash Flows from Financing Activities    
Cash dividends 0.0 (26.2)
Debt, net (maturities of three months or less) 3.7 (7.4)
Proceeds from debt 8.6 0.0
Repayment of debt (1.0) (0.8)
Repurchase of common stock (3.5) (1.9)
Other financing activities 428.1 0.0
Net cash used by financing activities 435.9 (36.3)
Net cash used by operating activities of discontinued operations (44.9) (20.6)
Net cash used by investing activities of discontinued operations (96.7) (1.1)
Net cash used by financing activities of discontinued operations 0.0 (1.0)
Net cash used by discontinued operations (141.6) (22.7)
Effect of exchange rate changes on cash and cash equivalents (8.9) (32.2)
Net decrease in cash and cash equivalents 68.8 (291.6)
Cash and cash equivalents at beginning of year [1] 684.7 960.5
Cash and cash equivalents at end of period [2] $ 753.5 $ 668.9
[1] Includes cash and cash equivalents of discontinued operations of $(2.2) and$24.1 at the beginning of the year in 2016 and 2015, respectively.
[2] Includes cash and cash equivalents of discontinued operations of $14.8 at March 31, 2015.