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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities    
Net loss $ (33.5) $ (21.1)
Loss from discontinued operations, net of tax (9.5) 0.0
Loss from continuing operations, net of tax (24.0) (21.1)
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation 20.6 20.8
Amortization 6.6 7.1
Provision for doubtful accounts 29.9 43.1
Provision for obsolescence 6.7 9.7
Share-based compensation (0.5) 3.8
Foreign exchange (losses) gains (19.2) 4.6
Deferred income taxes 8.2 1.8
Other (8.6) 3.2
Changes in assets and liabilities:    
Accounts receivable (24.3) (4.4)
Inventories 4.8 (58.4)
Prepaid expenses and other 38.4 0.1
Accounts payable and accrued liabilities (164.2) (106.3)
Income and other taxes (12.0) (0.9)
Noncurrent assets and liabilities (5.1) 0.6
Net cash used by operating activities of continuing operations (142.7) (96.3)
Cash Flows from Investing Activities    
Capital expenditures (21.2) (27.8)
Disposal of assets 0.4 0.8
Net proceeds from sale of business 46.4 0.0
Net cash provided (used) by investing activities of continuing operations 25.6 (27.0)
Cash Flows from Financing Activities    
Debt, net (maturities of three months or less) 27.2 3.6
Repurchase of common stock 0.0 (2.7)
Other financing activities (9.2) (0.5)
Net cash provided by financing activities of continuing operations 18.0 0.4
Effect of exchange rate changes on cash and cash equivalents, and restricted cash (6.3) 13.9
Net decrease in cash and cash equivalents, and restricted cash (105.4) (109.0)
Cash and cash equivalents, and restricted cash at beginning of year [1] 536.4 881.5
Cash and cash equivalents, and restricted cash at end of period [2] $ 431.0 [1] $ 772.5
[1] Includes cash and cash equivalents of $3.7 classified as Held for sale assets in our Consolidated Balance Sheets at the end of the year in 2018
[2] Includes restricted cash related to the sale of Avon Manufacturing (Guangzhou), Ltd. at March 31, 2019