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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities      
Net income $ 113.3 $ 186.6 $ 351.6
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest (1.5) 4.2 39.4
Less: (Loss) income attributable to noncontrolling interests (0.2) 0.5 (0.2)
Income from continuing operations, net of tax 115.0 181.9 312.4
Adjustments to income from continuing operations      
Depreciation and amortization 105.3 102.0 90.0
Equity-based compensation 18.1 12.6 15.7
Asbestos-related benefit, net (19.9) (25.6) (91.4)
Deferred income taxes 147.0 20.9 25.6
Asbestos-related payments, net (45.3) (31.5) (24.6)
Contributions to postretirement plans (45.0) (19.0) (18.6)
Changes in assets and liabilities:      
Change in receivables (59.3) 22.5 (72.0)
Change in inventories 14.2 (7.2) 31.5
Change in accounts payable 16.8 0.7 11.0
Change in accrued expenses 17.2 (27.4) (45.8)
Change in accrued income taxes (14.8) (5.7) (7.4)
Other, net (1.9) 16.5 3.3
Net Cash – Operating activities 247.4 240.7 229.7
Investing Activities      
Capital expenditures (113.3) (111.4) (86.7)
Acquisitions, net of cash acquired (113.7) (8.8) (351.0)
Purchases of investments 0.0 (60.6) (140.1)
Maturities of investments 0.0 123.5 78.5
Proceeds from sale of businesses and other assets 3.8 3.0 9.5
Proceeds from insurance recovery 0.0 0.0 4.2
Other, net 0.0 (0.1) 0.1
Net Cash – Investing activities (223.2) (54.4) (485.5)
Financing Activities      
Commercial paper, net borrowings 48.9 19.0 94.5
Short-term revolving loans, borrowings 77.3 27.7 200.0
Short-term revolving loans, repayments (177.3) (78.3) (50.0)
Proceeds from Issuance of Long-term Debt 7.0 0.0 0.0
Long-term debt, repaid (1.3) (1.1) (3.6)
Repurchase of common stock (32.9) (77.8) (84.0)
Dividends paid (45.4) (44.6) (42.8)
Proceeds from issuance of common stock 11.2 12.3 6.2
Excess tax benefit from equity compensation activity 0.0 3.2 3.4
Other, net 0.0 (2.3) (3.3)
Net Cash – Financing activities (112.5) (141.9) 120.4
Exchange rate effects on cash and cash equivalents 19.8 (11.4) (31.6)
Net cash from discontinued operations – operating activities (2.4) 12.0 (1.3)
Net change in cash and cash equivalents (70.9) 45.0 (168.3)
Cash and cash equivalents – beginning of year 460.7 415.7 584.0
Cash paid (received) during the year for:      
Interest 3.8 4.5 4.3
Income taxes, net of refunds received $ 62.0 $ 56.1 $ 48.5