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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES      
Net income (loss) $ 43.5 $ 86.4 $ 38.8
(Loss) income from discontinued operations, net of income taxes 0.0 0.0 9.3
Income from continuing operations 43.5 86.4 48.1
Reconciliation to net cash provided by (used for) operating activities from continuing operations:      
Depreciation and amortization   54.2 46.8
Equity in earnings of unconsolidated affiliate (6.1) (13.1) (9.5)
Dividends received from unconsolidated affiliate   0.0 16.8
(Costs) benefit related to legacy product, environmental and other claims 14.9 17.0 11.1
Cash paid for legacy product, environmental and other claims   44.2 6.0
Provision for (benefit from) income taxes 19.6 37.6 42.7
Cash paid for income taxes   31.3 26.8
Income tax refunds received   29.7 2.3
Loss on early extinguishment of debt 0.0 0.0 11.1
Interest expense and related financing costs 20.1 39.6 41.8
Cash paid for interest   (34.3) (40.6)
Defined benefit pension expense   8.2 5.3
Cash paid under defined benefit pension arrangements   (7.8) (8.0)
Restructuring Charges 2.0 4.8 16.4
Cash paid for restructuring   (7.2)  
Changes in assets and liabilities, excluding effect of currency translation and acquisitions:      
Trade accounts receivable   4.3 37.2
Inventories   (3.9) (7.7)
Accounts payable   7.4 7.0
All other items, net   (9.3) (34.8)
Net cash provided by (used for) operating activities from continuing operations   140.5 136.8
INVESTING ACTIVITIES      
Capital expenditures   (59.1) (57.3)
Business acquired   0.0 245.1
Proceeds from sale of product lines   0.6 11.3
Other investing activities   (1.1) (0.6)
Net cash provided by (used for) investing activities from continuing operations   (59.6) (291.7)
FINANCING ACTIVITIES      
Borrowings under credit arrangements   98.8 16.0
Repayments under credit arrangements   (61.5) (609.4)
Cash paid for repurchases of common stock   30.0 35.1
Proceeds from exercise of stock options   12.2 9.2
Dividends paid   (28.7) (12.0)
Distribution from GCP   0.0 750.0
Other financing activities   (4.0) (2.7)
Net cash provided by (used for) financing activities from continuing operations   (13.2) 116.0
Effect of currency exchange rate changes on cash and cash equivalents   3.5 1.9
Increase (decrease) in cash and cash equivalents from continuing operations   71.2 (37.0)
Cash flows from discontinued operations      
Net cash provided by (used for) operating activities   0.0 23.9
Net cash provided by (used for) investing activities   0.0 (9.5)
Net cash provided by (used for) financing activities   0.0 31.4
Effect of currency exchange rate changes on cash and cash equivalents   0.0 (1.0)
Increase (decrease) in cash and cash equivalents from discontinued operations   0.0 44.8
Net increase (decrease) in cash and cash equivalents   71.2 7.8
Less: cash and cash equivalents of discontinued operations 0.0 0.0  
Cash and cash equivalents, beginning of period   90.6  
Cash and cash equivalents, end of period $ 161.8 161.8  
Supplemental Cash Flow Information [Abstract]      
Capital expenditures in accounts payable   17.8 19.7
Net share settled stock option exercises   1.2 10.1
Scenario, Previously Reported      
Cash flows from discontinued operations      
Cash and cash equivalents, beginning of period   $ 90.6 329.9
Cash and cash equivalents, end of period     $ 194.3