Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions |
3 Months Ended |
Mar. 31, 2020 |
Mar. 31, 2019 |
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
| Net (Loss) Income |
$ (19.8)
|
$ 78.1
|
| Adjustments to Reconcile Net Income to Net Cash Used in Operating Activities: |
|
|
| Depreciation and Amortization |
113.6
|
117.1
|
| Deferred Income Taxes |
(18.9)
|
12.4
|
| Amount of Postretirement Expense Greater Than Funding |
154.3
|
2.4
|
| Other, Net |
29.2
|
3.3
|
| Changes in Operating Assets and Liabilities |
(337.7)
|
(385.4)
|
| Net Cash Used in Operating Activities |
(79.3)
|
(172.1)
|
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
| Capital Spending |
(146.6)
|
(73.0)
|
| Packaging Machinery Spending |
(6.5)
|
(7.0)
|
| Acquisition of Businesses, Net of Cash Acquired |
(42.1)
|
(2.0)
|
| Beneficial Interest on Sold Receivables |
23.7
|
279.5
|
| Beneficial Interest Obtained in Exchange for Proceeds |
(3.3)
|
(153.3)
|
| Other, Net |
(1.0)
|
(1.0)
|
| Net Cash (Used in) Provided by Investing Activities |
(175.8)
|
43.2
|
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
| Repurchase of Common Stock |
(119.4)
|
(60.0)
|
| Payments on Debt |
(9.1)
|
(9.1)
|
| Redemption of Noncontrolling Interest |
(250.0)
|
0.0
|
| Proceeds from Issuance of Debt |
450.0
|
0.0
|
| Borrowings under Revolving Credit Facilities |
1,178.5
|
775.2
|
| Payments on Revolving Credit Facilities |
(986.9)
|
(548.9)
|
| Repurchase of Common Stock related to Share-Based Payments |
(8.8)
|
(4.0)
|
| Debt Issuance Costs |
(6.4)
|
0.0
|
| Dividends and Distributions Paid to GPIP Partner |
(26.7)
|
(30.1)
|
| Other, Net |
(2.7)
|
(2.6)
|
| Net Cash Provided by Financing Activities |
218.5
|
120.5
|
| Effect of Exchange Rate Changes on Cash |
(6.1)
|
0.2
|
| Net Decrease in Cash and Cash Equivalents |
(42.7)
|
(8.2)
|
| Cash and Cash Equivalents at Beginning of Period |
152.9
|
70.5
|
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
110.2
|
62.3
|
| Non-cash Investing and Financing Activities: |
|
|
| Beneficial Interest Obtained in Exchange for Trade Receivables |
29.8
|
|
| Beneficial Interest Obtained (Sold) in Exchange for Trade Receivables |
|
(142.9)
|
| Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities |
14.0
|
16.0
|
| Right-of-Use Assets Obtained in Exchange for New Finance Lease Liabilities |
$ 0.0
|
$ 5.6
|