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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Adjustments to reconcile net income to net cash used in operating activities:    
Net income $ 43.5 $ 24.9
Income from equity method investments (5.5) (4.6)
Restructuring gains, net of cash paid 0.0 0.5
Provision for bad debts 1.1 1.3
Unrealized gains on derivative contracts (0.5) (0.5)
Stock-based compensation expense 4.9 6.3
Depreciation and amortization 15.7 14.2
Deferred income taxes (1.1) (0.5)
Other items, net 0.1 0.1
Net cash used in operating activities (107.6) (101.6)
Changes in assets and liabilities, net of effects of divestitures:    
Accounts and notes receivable (40.9) (44.5)
Inventories (101.2) (95.5)
Other current assets (4.3) (6.2)
Accounts payable 47.3 67.9
Accrued expenses (41.7) (28.0)
Income taxes payable and receivable (28.0) (37.6)
Other 3.0 1.6
Cash flows from investing activities:    
Proceeds from Sale of Property, Plant, and Equipment 0.1 0.0
Purchases of property, plant and equipment (24.9) (23.8)
Net cash used in investing activities (24.8) (23.8)
Cash flows from financing activities:    
Short-term borrowings, net (0.8) (0.4)
Asset securitization payments 0.0 (20.0)
Long-term debt payments (0.2) (0.3)
Borrowings from credit facility 583.0 770.5
Payments on credit facility (497.5) (392.0)
Proceeds from employee stock purchases 0.7 0.6
Repurchases of common stock (75.0) (200.0)
Repurchases of common stock to satisfy employee withholding tax obligations (13.3) (16.8)
Cash dividends paid (18.5) (16.1)
Net cash provided by financing activities 128.4 125.5
(Decrease) increase in cash and cash equivalents (4.0) 0.1
Effect of exchange rates on cash and cash equivalents 2.6 1.6
Cash and cash equivalents, beginning of period 50.2 38.9
Cash and cash equivalents, end of period 48.8 40.6
Supplemental disclosures of cash flow information:    
Interest paid 2.4 3.3
Income taxes paid (net of refunds) $ 36.7 $ 51.2