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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities:    
Net income $ 94.8 $ 136.1
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 77.6 78.7
Deferred taxes 2.7 0.1
Gain on joint venture deconsolidation 0.0 (15.9)
Gain from disposal of property, plant and equipment, net (28.3) (0.4)
Loss from sale of businesses 7.7 0.0
Changes in operating assets and liabilities:    
Inventories (36.6) (151.8)
Accounts receivable (77.7) (76.8)
Accounts payable (77.5) 84.3
Retirement benefits (34.2) 2.9
Accrued income taxes 5.4 (0.2)
Accrued liabilities and other (38.3) (22.0)
Cash (used in) provided by operating activities (104.4) 35.0
Investing Activities:    
Purchases of property, plant and equipment (51.3) (70.6)
Proceeds from sale of businesses, net of transaction costs 33.4 0.0
Proceeds from disposal of property, plant and equipment 29.4 1.0
Other (0.1) (0.2)
Cash provided by (used in) investing activities 11.4 (69.8)
Financing Activities:    
Borrowings on long-term debt 0.0 7.1
Payments on long-term debt and finance leases (3.3) (2.8)
Net borrowings under credit facilities 5.4 3.4
Sales to noncontrolling interests 0.0 14.4
Shares repurchased for income tax withholding on share-based compensation and other (9.9) (6.5)
Cash (used in) provided by financing activities (7.8) 15.6
Increase (decrease) in cash and cash equivalents    
Decrease in cash and cash equivalents (100.8) (19.2)
Cash and cash equivalents at beginning of period 382.0 141.6
Cash and cash equivalents at end of period $ 281.2 $ 122.4