XML 18 R8.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities:    
Net income $ 252.1 $ 407.5
Income (loss) from discontinued operations, net of tax 11.9 (2.0)
Loss from sale / impairment of discontinued operations, net of tax 142.8 0.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 169.9 162.2
Noncash compensation 47.5 45.2
Noncash income from financial services (8.5) (5.7)
Deferred income taxes 11.9 17.1
Other, net (0.6) 0.0
Changes in operating assets and liabilities:    
Trade receivables (120.7) 8.7
Inventories (442.5) (597.0)
Accounts payable 82.9 154.4
Accrued expenses 12.4 (104.4)
Income taxes payable/receivable (49.7) 17.8
Prepaid expenses and others, net 30.0 31.6
Net cash provided by operating activities of continuing operations 139.4 135.4
Net cash provided by (used for) operating activities of discontinued operations (25.8) 18.0
Net cash provided by operating activities 113.6 153.4
Investing Activities:    
Purchase of property and equipment (193.6) (189.2)
Investment in finance affiliate, net (0.8) 33.7
Distributions from other affiliates 0.7 0.0
Unrealized gain on derivative instruments 40.8 0.0
Net cash used for investing activities of continuing operations (152.9) (155.5)
Net cash used for investing activities of discontinued operations (5.3) (10.1)
Net cash used for investing activities (158.2) (165.6)
Financing Activities:    
Borrowings under debt arrangements 1,364.0 1,250.1
Repayments under debt arrangements (1,028.0) (1,176.4)
Repurchase and retirement of common shares (378.5) (411.3)
Cash dividends to shareholders (113.5) (115.2)
Proceeds from stock issuances under employee plans 30.7 151.7
Net cash used for financing activities (125.3) (301.1)
Impact of currency exchange rates on cash balances (24.5) (6.9)
Net decrease in cash, cash equivalents and restricted cash (194.4) (320.2)
Cash, cash equivalents and restricted cash at beginning of period 529.1 657.5
Cash, cash equivalents and restricted cash at end of period 334.7 337.3
Supplemental Cash Flow Information:    
Interest paid on debt borrowings 51.0 38.0
Income taxes paid 152.9 86.3
Leased assets obtained for operating lease liabilities 44.5 69.9
Cash and cash equivalents 318.9 309.7
Cash 0.0 6.8
Other long-term assets 15.8 20.8
Total $ 334.7 $ 337.3