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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 237.3 $ 175.3
Adjustments to reconcile net income to net cash used in operating activities:    
Income from equity method investments (15.3) (11.8)
Dividends from affiliates 3.9 7.4
Restructuring (gains) expenses, net of cash paid (0.8) (0.2)
Provision for bad debts 3.4 2.1
Unrealized (gains) losses on derivative contracts (2.2) 1.3
Stock-based compensation expense 24.8 18.5
Depreciation and amortization 43.4 46.6
Deferred income taxes (2.6) (0.2)
Pension Expense 4.8 8.1
Pension Contributions (52.6) (3.8)
Other items, net 0.4 0.3
Changes in assets and liabilities, net of effects of divestitures:    
Accounts and notes receivable (146.2) (135.9)
Inventories (49.9) (41.0)
Other current assets (6.6) (2.8)
Accounts payable 56.4 23.4
Accrued expenses 40.7 15.1
Income taxes payable and receivable (35.0) (0.9)
Other 3.0 5.4
Net cash provided by operating activities 106.9 106.9
Cash flows from investing activities:    
Purchases of property, plant and equipment (59.4) (47.0)
Net cash used in investing activities (59.4) (47.0)
Cash flows from financing activities:    
Short-term borrowings, net (2.1) 0.8
Asset securitization payments (20.0) (40.0)
Long-term debt payments (30.9) (23.5)
Borrowings from credit facility 1,715.0 1,401.0
Payments on credit facility (1,493.0) (1,385.0)
Payments of Debt Issuance Costs (0.9) 0.0
Proceeds from employee stock purchases 1.9 1.8
Repurchases of common stock (300.0) 0.0
Repurchases of common stock to satisfy employee withholding tax obligations (26.3) (23.5)
Excess tax benefits related to share-based payments 20.0 18.6
Cash dividends paid (50.5) (43.1)
Net cash provided by financing activities (41.8) (52.9)
Increase in cash and cash equivalents 5.7 7.0
Effect of exchange rates on cash and cash equivalents 3.2 (9.4)
Cash and cash equivalents, beginning of period 38.9 37.5
Cash and cash equivalents, end of period 47.8 35.1
Supplemental disclosures of cash flow information:    
Interest paid 17.0 15.9
Income taxes paid (net of refunds) $ 120.9 $ 73.4