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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities:    
Net income $ 116.1 $ 197.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 45.5 44.4
Stock-based compensation expense 10.1 11.7
Amortization of Debt Issuance Costs and Discounts 4.1 3.6
Settlement 5.5 0.0
Deferred income taxes 5.2 11.6
Other operating activities, net (0.3) 0.3
Changes in assets and liabilities    
Increase (Decrease) in Accounts Receivable 116.1 133.5
Increase (Decrease) in Accounts and Other Receivables 78.9 91.5
Inventories, net 5.5 (223.8)
Increase (Decrease) in Other Operating Assets (60.1) (25.2)
Accounts payable 620.9 (86.5)
Accrued payroll and benefit costs (44.0) (149.6)
Other current and noncurrent liabilities 75.0 2.9
Net cash provided by operating activities 746.3 (255.4) CloseClose
Investing Activities:    
Capital expenditures (20.4) (13.9)
Other investing activities 3.9 1.3
Net cash used in investing activities (16.5) (12.6) CloseClose
Financing Activities:    
Proceeds from (Repayments of) Short-term Debt 0.0 (4.8)
Repayments of Senior Debt 0.0 58.6
Proceeds from issuance of long-term debt 2,470.0 968.3
Repayments of Other Long-term Debt 2,585.1 723.9
Payments for Repurchase of Common Stock (25.2) (51.6)
Payments for Repurchase of Common Stock (50.0) 0.0
Payments of Ordinary Dividends, Common Stock (20.9) (19.2)
Payments of Ordinary Dividends, Preferred Stock and Preference Stock 14.4 14.4
Payments of Debt Issuance Costs (26.6) 0.0
Other financing activities, net (2.3) (7.2)
Net cash used in financing activities (254.5) 88.6 CloseClose
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations (13.9) 1.2 CloseClose
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total 461.4 (178.2)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents 984.1  
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations   349.1
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations 985.5  
Supplemental Cash Flow Information [Abstract]    
Interest Paid, Excluding Capitalized Interest, Operating Activities 37.0 37.6
Income Taxes Paid 71.2 36.4
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability $ 90.0 $ 59.9