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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 95.1 $ 93.8
Net loss from discontinued operations 0.5 0.7
Adjustments to reconcile net income to net cash used in operating activities:    
Income from equity method investments (8.8) (8.5)
Dividends from affiliates 3.4 1.7
Restructuring expenses, net of cash paid 1.2 0.0
Provision for bad debts 1.6 1.3
Unrealized losses on derivative contracts 0.3 (0.1)
Stock-based compensation expense 10.8 10.7
Depreciation and amortization 30.6 30.0
Deferred income taxes (0.9) 0.6
Other items, net 0.2 0.3
Changes in assets and liabilities, net of effects of divestitures:    
Accounts and notes receivable (199.2) (168.2)
Inventories (85.3) (133.0)
Other current assets (0.1) (4.2)
Accounts payable 87.3 114.3
Accrued expenses 6.7 3.4
Income taxes payable and receivable (1.4) (6.0)
Other 6.2 (9.5)
Net cash used in discontinued operations (0.5) (0.7)
Net cash used in operating activities (52.3) (73.4)
Cash flows from investing activities:    
Proceeds from the disposal of property, plant and equipment   (41.2)
Purchases of property, plant and equipment (33.0) (41.2)
Net cash used in investing activities (33.0) (41.2)
Cash flows from financing activities:    
Short-term borrowings, net 0.4 (0.6)
Asset securitization borrowings 40.0 20.0
Asset securitization payments (40.0) 0.0
Long-term debt payments (23.0) (0.9)
Borrowings from credit facility 999.0 1,018.5
Payments on credit facility (845.5) (832.5)
Proceeds from employee stock purchases 1.1 1.0
Repurchases of common stock 0.0 (50.0)
Repurchases of common stock to satisfy employee withholding tax obligations (21.8) (10.8)
Excess tax benefits related to share-based payments 17.3 4.0
Cash dividends paid (26.9) (23.6)
Net cash provided by financing activities 100.6 125.1
Increase (decrease) in cash and cash equivalents 15.3 10.5
Effect of exchange rates on cash and cash equivalents (5.3) 1.1
Cash and cash equivalents, beginning of period 37.5 38.0
Cash and cash equivalents, end of period 47.5 49.6
Supplemental disclosures of cash flow information:    
Interest paid 12.3 7.8
Income taxes paid (net of refunds) $ 34.4 $ 52.3