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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities    
Net income $ 89.0 $ 97.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 49.2 49.8
Accelerated depreciation and fixed asset charges associated with restructuring activities 4.1 6.5
Provision for doubtful accounts 0.1 0.0
Debt extinguishment costs 0.4 0.0
Share-based compensation expense 4.3 4.2
Change in assets and liabilities, net of the effect of acquisitions:    
Increase in accounts receivable (84.3) (40.8)
(Increase) decrease in inventories (4.3) 5.2
Increase in accounts payable 21.6 35.5
Decrease in pension and other post-retirement benefits (27.1) (27.9)
Decrease in accrued expenses and other assets and liabilities - net (3.6) (69.8)
Net cash provided by operating activities 49.4 59.9
Investing Activities    
Capital expenditures (39.6) (39.1)
Business acquisitions (72.8) 0.0
Sale of and proceeds from other assets 9.0 1.9
Net cash used by investing activities (103.4) (37.2)
Financing Activities    
Borrowings under credit facilities 471.2 515.6
Repayments under credit facilities (471.4) (481.2)
Purchase of common shares for treasury (39.6) (42.8)
Cash dividends paid (20.7) (17.9)
Repayment of long-term debt (2.8) 0.0
Exercise of share awards 0.8 4.2
Debt financing costs (0.6) 0.0
Net cash used by financing activities (63.1) (22.1)
Effect of exchange rate changes on cash (1.3) (2.4)
Decrease in cash and cash equivalents (118.4) (1.8)
Cash and cash equivalents at beginning of period 279.8 238.6
Cash and cash equivalents at end of period $ 161.4 $ 236.8