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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 294.7 $ 283.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss (gain), net on sale of businesses and related property 9.1 25.8
Loss(gain) from natural disaster, net of Insurance recoveries (11.6) 0.0
Loss(gain) from natural disaster, net of Insurance recoveries cash received   0.0
Income from equity method investments (10.5) (10.8)
Loss on assets held for sale   0.3
Proceeds from Equity Method Investment, Distribution 9.3 6.6
Restructuring charges, net of cash paid 6.0 0.5
Provision for bad debts 4.0 3.8
Unrealized losses on derivative contracts (0.1) 1.4
Stock-based compensation expense 15.6 21.0
Depreciation and amortization 53.1 49.4
Deferred income taxes 17.0 (5.6)
Pension expense 65.9 6.5
Pension contributions (1.7) (20.3)
Other items, net (0.4) 0.3
Changes in assets and liabilities, net of effects of divestitures:    
Accounts and notes receivable (178.2) (114.0)
Inventories (107.0) (73.7)
Other current assets 1.5 (8.6)
Accounts payable (24.5) 46.9
Accrued expenses 7.6 35.6
Income taxes payable and receivable (8.2) (1.4)
Other (17.1) (15.5)
Net cash provided by operating activities 124.5 231.3
Cash flows from investing activities:    
Proceeds from Sale of Other Property, Plant, and Equipment 1.2  
Proceeds from the disposal of property, plant and equipment 1.2 0.1
Purchases of property, plant and equipment (77.0) (60.9)
Net proceeds from sale of business and related property 43.5 115.9
Payments to Acquire Short-term Investments (2.4) 0.0
Insurance recoveries received for property damage incurred from natural disaster 11.6 4.2
Net cash used in investing activities (23.1) 59.3
Cash flows from financing activities:    
Short-term debt payments (5.3) (41.1)
Asset securitization payments (58.0) (53.7)
Long-term debt payments (35.0) (32.9)
Borrowings from credit facility 1,938.5 1,820.0
Payments on credit facility (1,608.5) (1,766.5)
Proceeds from employee stock purchases 2.5 2.5
Repurchases of common stock (400.0) (350.2)
Repurchases of common stock to satisfy employee withholding tax obligations (16.9) (21.1)
Cash dividends paid (80.9) (68.2)
Net cash provided by financing activities (102.8) (316.6)
Decrease in cash and cash equivalents (1.4) (26.0)
Effect of exchange rates on cash and cash equivalents 1.2 3.9
Cash and cash equivalents, beginning of period 46.3 68.2
Cash and cash equivalents, end of period 46.1 46.1
Supplemental disclosures of cash flow information:    
Interest paid 31.5 25.9
Income taxes paid (net of refunds) 78.7 87.2
Insurance Recoveries 138.0 45.0
Proceeds from Short-term Debt 5.3 39.6
Asset securitization borrowings $ 155.5 $ 155.0