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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities    
Net income (loss) $ (4.6) $ (71.0)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 16.3 29.9
(Gain) loss on disposition of discontinued operations (55.7) (3.4)
Deferred Taxes (24.9) (4.5)
(Gain) loss on sale of assets 4.7 0.0
Loss on early extinguishment of debt 13.1 0.0
Stock-based compensation expense 9.7 8.7
Other non-cash charges 13.0 19.8
Changes in operating assets and liabilities (net of effects of acquisitions and divestitures):    
Trade receivables (130.7) (57.7)
Inventories (39.4) (93.3)
Trade accounts payable 24.9 4.2
Income taxes payable / receivable (6.2) 5.0
Other assets and liabilities (13.7) 60.5
Other operating activities, net (2.6) (18.9)
Net Cash Provided by (Used in) Operating Activities (196.1) (120.7)
Investing Activities    
Capital expenditures (10.6) (22.2)
Acquisitions, net of cash acquired 0.0 (3.2)
Proceeds (payments) from disposition of discontinued operations 764.3 0.0
Proceeds from sale of assets 294.6 2.0
Other investing activities, net 0.0 (2.5)
Net Cash Provided by (Used in) Investing Activities 1,048.3 (25.9)
Financing Activities    
Repayments of debt (1,329.5) (166.1)
Proceeds from issuance of debt 999.0 177.0
Share repurchases (178.2) 0.0
Dividends paid (8.3) (7.6)
Other financing activities, net (27.7) (9.1)
Net Cash Provided by (Used in) Financing Activities (544.7) (5.8)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 7.0 9.5
Net Increase (Decrease) in Cash and Cash Equivalents 314.5 (142.9)
Cash and cash equivalents, beginning balance 501.9 466.5
Cash and cash equivalents, ending balance $ 816.4 $ 323.6