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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Activities      
Net income $ 186.6 $ 351.6 $ 186.8
Less: Income (loss) from discontinued operations 4.2 39.4 (3.9)
Less: Income (loss) attributable to noncontrolling interests 0.5 (0.2) 2.3
Income from continuing operations, net of tax 181.9 312.4 188.4
Adjustments to income from continuing operations      
Depreciation and amortization 102.0 90.0 88.3
Equity-based compensation 12.6 15.7 14.0
Asbestos-related (benefit) costs, net (25.6) (91.4) 3.9
Deferred income taxes 20.9 25.6 (0.2)
Asbestos-related payments, net (31.5) (24.6) (3.9)
Contributions to postretirement plans (19.0) (18.6) (12.6)
Changes in assets and liabilities:      
Change in receivables 22.5 (72.0) (45.1)
Change in inventories (7.2) 31.5 (3.1)
Change in accounts payable 0.7 11.0 (5.8)
Change in accrued expenses (27.4) (45.8) (5.2)
Change in accrued income taxes (5.7) (7.4) (10.4)
Other, net 16.5 3.3 36.4
Net Cash – Operating activities 240.7 229.7 244.7
Investing Activities      
Capital expenditures (111.4) (86.7) (118.8)
Acquisitions, net of cash acquired (8.8) (351.0) (2.8)
Purchases of investments (60.6) (140.1) (165.4)
Maturities of investments 123.5 78.5 269.0
Proceeds from sale of businesses and other assets 3.0 9.5 3.7
Proceeds from insurance recovery 0.0 4.2 0.0
Other, net (0.1) 0.1 (0.2)
Net Cash – Investing activities (54.4) (485.5) (14.5)
Financing Activities      
Commercial paper, net borrowings (repayments) 19.0 94.5 (38.0)
Short-term revolving loans, borrowings 27.7 200.0 0.0
Short-term revolving loans, repayments (78.3) (50.0) 0.0
Long-term debt, repaid (1.1) (3.6) (1.7)
Repurchase of common stock (77.8) (84.0) (60.2)
Dividends paid (44.6) (42.8) (40.7)
Proceeds from issuance of common stock 12.3 6.2 15.1
Excess tax benefit from equity compensation activity 3.2 3.4 10.4
Other, net (2.3) (3.3) (1.5)
Net Cash – Financing activities (141.9) 120.4 (116.6)
Exchange rate effects on cash and cash equivalents (11.4) (31.6) (31.2)
Net cash from discontinued operations – operating activities 12.0 (1.3) (5.7)
Net change in cash and cash equivalents 45.0 (168.3) 76.7
Cash and cash equivalents – beginning of year 415.7 584.0 507.3
Cash paid (received) during the year for:      
Interest 4.5 4.3 1.1
Income taxes, net of refunds received $ 56.1 $ 48.5 $ 70.0