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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net income $ 358.6 $ 417.4
Depreciation and amortization 318.6 279.4
Other, net (22.7) 17.4
Changes in operating assets and liabilities (108.0) (140.0)
Net cash provided by operating activities 546.5 574.2
Investing activities    
Expenditures for property, plant and equipment (414.4) (343.6)
Proceeds from sale of property, plant and equipment 12.6 4.1
Acquisitions/divestitures of businesses and interest in affiliates, net (110.1) (227.4)
Other, net (3.0)  
Net cash used in investing activities (514.9) (566.9)
Financing activities    
Net increase (decrease) in short-term debt (46.1) (4.7)
Dividends paid to non-controlling interest   (1.7)
Dividends paid (156.4) (151.7)
Shares repurchased (157.0)  
Common stock options exercised 5.2 5.1
Other, net   0.8
Net cash used in financing activities (354.3) (152.2)
Effect of exchange rate changes on cash and cash equivalents 54.3 (6.0)
Decrease in cash and cash equivalents (268.4) (150.9)
Cash and cash equivalents at beginning of period 1,226.7 1,333.5
Cash and cash equivalents at end of period $ 958.3 $ 1,182.6