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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 262.5 $ 237.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Pension Contributions 1.4 52.5
Income from equity method investments (15.5) (15.3)
Dividends from affiliates 7.8 3.9
Restructuring charges (gains), net of cash paid 1.0 (0.8)
Provision for bad debts 3.2 3.4
Unrealized gains on derivative contracts (0.7) (2.2)
Stock-based compensation expense 18.8 24.8
Depreciation and amortization 48.1 43.4
Deferred income taxes (3.9) (2.6)
Pension Expense 4.1 4.7
Other items, net 1.0 0.4
Changes in assets and liabilities, net of effects of divestitures:    
Accounts and notes receivable (118.3) (146.2)
Inventories (102.6) (49.9)
Other current assets (7.3) (6.6)
Accounts payable 31.0 56.4
Accrued expenses 7.6 40.7
Income taxes payable and receivable (9.9) (15.0)
Other 3.5 3.0
Net cash provided by operating activities 129.0 126.9
Cash flows from investing activities:    
Proceeds from the disposal of property, plant and equipment 0.2 0.0
Purchases of property, plant and equipment (60.5) (59.4)
Net cash used in investing activities (60.3) (59.4)
Cash flows from financing activities:    
Short-term borrowings, net (1.4) (2.1)
Asset securitization borrowings 275.0 145.0
Asset securitization payments 0.0 (20.0)
Long-term debt payments (200.8) (30.9)
Proceeds from Issuance of Long-term Debt 0.0  
Borrowings from credit facility 1,883.0 1,715.0
Payments on credit facility (1,701.0) (1,493.0)
Payments of Debt Issuance Costs 0.0 0.9
Proceeds from employee stock purchases 2.3 1.9
Repurchases of common stock (250.0) (300.0)
Repurchases of common stock to satisfy employee withholding tax obligations (16.0) (26.3)
Cash dividends paid (58.4) (50.5)
Net cash provided by financing activities (67.3) (61.8)
Increase in cash and cash equivalents 1.4 5.7
Effect of exchange rates on cash and cash equivalents 9.1 3.2
Cash and cash equivalents, beginning of period 50.2 38.9
Cash and cash equivalents, end of period 60.7 47.8
Supplemental disclosures of cash flow information:    
Interest paid 22.5 17.0
Income taxes paid (net of refunds) $ 115.5 $ 120.9