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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash provided (required) by operating activities:    
Net income $ 256.1 $ 364.2
Adjustments to reconcile net income to cash provided (required) by operating activities:    
Depreciation 85.5 84.8
Amortization 25.7 27.7
Employee benefit plan and stock-based compensation costs 47.7 39.7
Unrealized loss on derivative instruments 22.5 6.5
Deferred income tax provision 8.2 5.4
Gain on sale of Material Handling Products   85.6
Other 21.2 6.7
Changes in operating assets and liabilities, net of effects of acquisitions:    
Trade receivables, net 143.1 (42.9)
Inventories, net 29.6 (59.2)
Accounts payable, trade (99.6) (31.1)
Advance payments and progress billings (154.1) 53.6
Income taxes payable, net (63.4) (33.8)
Payment of Multi Phase Meters earn-out consideration   (41.5)
Accrued pension and other post-retirement benefits, net (19.0) (23.8)
Other assets and liabilities, net (67.8) (34.9)
Cash provided by operating activities 235.7 235.8
Cash provided (required) by investing activities:    
Capital expenditures (161.2) (180.0)
Proceeds from sale of Material Handling Products, net of cash divested   106.8
Other 8.6 2.4
Cash required by investing activities (152.6) (70.8)
Cash provided (required) by financing activities:    
Net increase (decrease) in short-term debt 0.9 (20.9)
Net decrease in commercial paper (17.0) (43.5)
Repayments of long-term debt (1.4) (2.6)
Purchase of treasury stock (91.6) (72.0)
Acquisitions, payment of withheld purchase price (9.6)  
Payments related to taxes withheld on stock-based compensation (7.7) (12.2)
Excess tax benefits 0.4 1.9
Payment of Multi Phase Meters earn-out consideration   (31.0)
Other (3.3) (2.0)
Cash required by financing activities (129.3) (182.3)
Effect of exchange rate changes on cash and cash equivalents (5.4) 0.4
Decrease in cash and cash equivalents (51.6) (16.9)
Cash and cash equivalents, beginning of period 638.8 399.1
Cash and cash equivalents, end of period $ 587.2 $ 382.2