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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
OPERATING ACTIVITIES    
Net income $ 110.3 $ 187.0
Reconciliation to net cash used for operating activities:    
Depreciation and amortization 66.8 68.0
Equity in earnings of unconsolidated affiliate (8.5) (6.8)
Dividends received from unconsolidated affiliate 11.8 11.2
Chapter 11 expenses, net 3.2 9.1
Asbestos and bankruptcy related charges, net (8.7) 6.4
Cash paid for Chapter 11 and asbestos 492.8 1,336.5
Provision for income taxes 82.3 22.1
Cash paid for income taxes, net of refunds (22.4) (16.4)
Cash paid for interest on credit arrangements (46.0) (11.0)
Defined benefit pension expense 17.5 11.5
Cash paid under defined benefit pension arrangements (8.6) (89.1)
Cash paid for restructuring (8.5) (3.4)
Cash paid for repositioning (10.1) 0.0
Cash paid for environmental remediation (5.6) (7.0)
Changes in assets and liabilities, excluding effect of currency translation:    
Trade accounts receivable (20.3) (57.4)
Inventories 1.3 (39.8)
Accounts payable 35.7 20.3
All other items, net 58.5 45.5
Net cash used for operating activities (244.1) (1,186.3)
INVESTING ACTIVITIES    
Capital expenditures (73.9) (81.5)
Transfer from restricted cash and cash equivalents 0.0 395.4
Other investing activities 0.0 (1.6)
Net cash (used for) provided by investing activities (73.9) 312.3
FINANCING ACTIVITIES    
Borrowings under credit arrangements 288.3 1,101.1
Repayments under credit arrangements (62.5) (662.2)
Cash paid for debt financing costs (0.4) (23.9)
Proceeds from exercise of stock options 21.8 12.5
Cash paid for repurchases of common stock (108.7) (233.7)
Other financing activities 0.3 1.1
Net cash provided by financing activities 138.8 194.9
Effect of currency exchange rate changes on cash and cash equivalents (11.4) (1.8)
Decrease in cash and cash equivalents (190.6) (680.9)
Cash and cash equivalents, beginning of period 557.5 964.8
Cash and cash equivalents, end of period $ 366.9 $ 283.9