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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
OPERATING ACTIVITIES      
Net income $ 51.1 $ 68.7 $ 52.0
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 31.5 30.0 29.4
Stock-based compensation 6.5 6.0 4.9
Excess tax benefit from stock-based compensation (Note 8) (2.6) (5.6) (2.6)
Deferred income tax provision 8.3 3.7 19.3
Non-cash effects of changes in liabilities for uncertain income tax positions (0.1) (2.0) (0.1)
Loss on early extinguishment of debt   0.2 0.5
Inventory acquired in acquisitions (Note 3)     (1.8)
Pension settlement charge, net of plan payments   3.5 (0.2)
Non-cash loss on discontinued operations 12.0    
(Gain) loss on asset dispositions (0.1) 0.2 0.5
Net cash provided by (used in) changes in operating working capital, net of effect of acquisitions (Note 14) 1.8 9.0 (6.6)
Pension and other postemployment benefits 2.9 (18.3) (11.5)
Other (0.1) (0.9) (0.3)
NET CASH PROVIDED BY OPERATING ACTIVITIES 111.2 94.5 83.5
INVESTING ACTIVITIES      
Capital expenditures (48.1) (27.9) (28.7)
Purchases of marketable securities (0.2) (0.6) (0.1)
Purchase of brands (Note 3)     (5.2)
Net proceeds from sale of discontinued operations 5.4    
Proceeds from sale of property, plant and equipment 0.5   0.6
Acquisitions (Note 3) (118.2) (72.4)  
Purchase of equity investment   (2.9)  
Other 0.5 (1.1) 0.1
NET CASH USED IN INVESTING ACTIVITIES (160.1) (104.9) (33.3)
FINANCING ACTIVITIES      
Proceeds from issuance of longterm debt 151.6 49.5 218.8
Debt issuance costs   (2.4) (3.5)
Repayments of long-term debt (145.6) (5.6) (209.2)
Short-term borrowings   6.5 19.3
Repayments of short-term borrowings   (25.4) (0.1)
Proceeds from exercise of stock options 1.2 3.6 3.7
Excess tax benefit from stockbased compensation (Note 8) 2.6 5.6 2.6
Cash dividends paid (20.3) (17.1) (11.5)
Shares purchased (Note 9) (8.4) (4.5) (4.6)
Other 0.1   (0.5)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (18.8) 10.2 15.0
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (0.7) (0.6) 0.4
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (68.4) (0.8) 65.6
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 72.6 73.4 7.8
CASH AND CASH EQUIVALENTS, END OF YEAR $ 4.2 $ 72.6 $ 73.4