XML 18 R8.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities:    
Net income $ 399.4 $ 252.1
Loss from discontinued operations, net of tax 0.0 11.9
Impairment of discontinued operations, net of tax 0.0 142.8
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 186.9 169.9
Noncash compensation 44.8 47.5
Noncash income from financial services 29.1 8.5
Deferred income taxes (36.5) 11.9
Other, net 6.2 0.6
Changes in operating assets and liabilities:    
Trade receivables (131.5) (120.7)
Inventories (151.9) (442.5)
Accounts payable 31.4 82.9
Accrued expenses 71.8 12.4
Income taxes payable/receivable (18.9) (49.7)
Prepaid expenses and others, net 15.8 30.0
Net cash provided by operating activities of continuing operations 376.0 139.4
Net cash used for operating activities of discontinued operations 0.0 (25.8)
Net cash provided by operating activities 376.0 113.6
Investing Activities:    
Purchase of property and equipment (311.7) (193.6)
Investment in finance affiliate, net 12.5  
Investment in finance affiliate, net   0.8
Investments in other affiliates (21.6)  
Distribution from other affiliates   0.7
Acquisition of businesses, net of cash acquired (25.1)  
Disposal of businesses, net of cash divested   40.8
Net cash used for investing activities of continuing operations (345.9) (152.9)
Net cash used for investing activities of discontinued operations 0.0 (5.3)
Net cash used for investing activities (345.9) (158.2)
Financing Activities:    
Borrowings under financing obligations 1,910.5 1,364.0
Repayments under financing obligations (1,752.8) (1,028.0)
Repurchase and retirement of common shares (159.4) (378.5)
Cash dividends to shareholders (110.6) (113.5)
Proceeds from stock issuances under employee plans 50.9 30.7
Net cash used for financing activities (61.4) (125.3)
Impact of currency exchange rates on cash balances 2.1 (24.5)
Net decrease in cash, cash equivalents and restricted cash (29.2) (194.4)
Cash, cash equivalents and restricted cash at beginning of period 339.7 529.1
Cash, cash equivalents and restricted cash at end of period 310.5 334.7
Supplemental Cash Flow Information:    
Interest paid on debt borrowings 96.6 51.0
Income taxes paid 156.9 152.9
Leased assets obtained for operating lease liabilities 38.6 44.5
Cash and cash equivalents 295.3 318.9
Other long-term assets 15.2 15.8
Total $ 310.5 $ 334.7