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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Activities    
Net income $ 39.0 $ 30.2
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation and amortization 24.3 25.0
Accelerated depreciation and fixed asset charges associated with restructuring activities 2.8 5.4
Provision for doubtful accounts 0.1 0.0
Share-based compensation expense 2.2 1.9
Change in assets and liabilities, net of the effect of acquisitions:    
Increase in accounts receivable (79.5) (55.8)
(Increase) decrease in inventories (13.3) 7.4
Increase in accounts payable 29.9 22.2
Decrease in pension and other post-retirement benefits (23.7) (24.0)
Decrease in accrued expenses and other assets and liabilities - net (11.0) (70.1)
Net cash used by operating activities (29.2) (57.8)
Investing Activities    
Capital expenditures (19.6) (15.1)
Business acquisitions (72.8) 0.0
Proceeds from sale of businesses and other assets 0.0 1.1
Net cash used by investing activities (92.4) (14.0)
Financing Activities    
Repayment of long-term debt (1.4) 0.0
Borrowings under credit facilities 221.9 274.7
Repayments under credit facilities (174.6) (187.4)
Purchase of common shares for treasury (39.6) (19.6)
Exercise of share awards 0.6 3.8
Cash dividends paid (10.4) (9.0)
Net cash (used) provided by financing activities (3.5) 62.5
Effect of exchange rate changes on cash 0.7 (2.9)
Decrease in cash and cash equivalents (124.4) (12.2)
Cash and cash equivalents at beginning of period 279.8 238.6
Cash and cash equivalents at end of period $ 155.4 $ 226.4