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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities    
Net income $ 132.1 $ 111.8
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 100.5 100.6
Deferred income taxes 20.9 10.1
Stock-based compensation 10.5 7.7
Pensions and other postretirement benefits, net of contributions (2.4) 0.2
Loss on disposal of property, plant and equipment, net 1.1 0.8
Changes in operating assets and liabilities    
Accounts receivable (100.6) (110.7)
Inventories 6.3 8.3
Accounts payable and accrued expenses 74.8 59.9
Deferred revenue (7.5) (20.4)
Other assets and liabilities (52.2) (14.0)
Net cash provided by operating activities 183.5 154.3
Investing activities    
Purchases of property, plant and equipment (105.7) (91.4)
Proceeds from sale of property, plant and equipment 0.6 0.1
Proceeds from government grants 2.8 0.0
Final distribution of Reserve Yield Plus Fund 1.0 0.0
Net cash used in investing activities (101.3) (91.3)
Financing activities    
Payments of long-term debt and capital lease obligations (3.8) (17.3)
Proceeds from issuance of long-term debt 29.6 12.9
Purchase of treasury stock (5.0) (2.7)
Employee stock option exercises 0.1 0.4
Net cash provided by (used in) financing activities 20.9 (6.7)
Effect of exchange rate changes on cash 2.8 (4.2)
Net increase in cash and cash equivalents 105.9 52.1
Cash and cash equivalents at beginning of period 282.5 249.2
Cash and cash equivalents at end of period 388.4 301.3
Supplemental cash flow information    
Interest paid 43.9 47.2
Income taxes paid, net of refunds $ 38.1 $ 7.9