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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities      
Net income $ 334.6 $ 113.3 $ 186.6
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 1.3 (1.5) 4.2
Less: Income (loss) attributable to noncontrolling interests 0.9 (0.2) 0.5
Income from continuing operations, net of tax 332.4 115.0 181.9
Adjustments to income from continuing operations      
Depreciation and amortization 109.4 105.3 102.0
Equity-based compensation 21.6 18.1 12.6
Gain on sale of long-lived assets (40.7) (0.9) (0.9)
Asbestos-related expense (benefit), net 4.9 (19.9) (25.6)
Deferred income tax (benefit) expense (14.7) 147.0 20.9
Asbestos-related payments, net (40.8) (45.3) (31.5)
Contributions to postretirement plans (11.2) (45.0) (19.0)
Changes in assets and liabilities:      
Change in receivables (2.7) (59.3) 22.5
Change in inventories (13.3) 14.2 (7.2)
Change in accounts payable (4.2) 16.8 0.7
Change in accrued expenses 5.7 17.2 (27.4)
Change in income taxes 14.4 (14.8) (5.7)
Other, net 11.0 (1.2) 17.4
Net Cash – Operating activities 371.8 247.2 240.7
Investing Activities      
Capital expenditures (95.5) (113.3) (111.4)
Proceeds from sale of businesses and other assets 43.2 3.8 3.0
Acquisitions, net of cash acquired 0.0 (113.7) (8.8)
Purchases of investments 0.0 0.0 (60.6)
Maturities of investments 0.0 0.0 123.5
Other, net 0.0 0.0 (0.1)
Net Cash – Investing activities (52.3) (223.2) (54.4)
Financing Activities      
Commercial paper, net (repayments) borrowings (44.5) 48.9 19.0
Short-term revolving loans, borrowings 246.5 77.3 27.7
Short-term revolving loans, repayments (233.8) (177.3) (78.3)
Proceeds from Issuance of Long-term Debt 3.2 7.0 0.0
Long-term debt, repaid (2.7) (1.3) (1.1)
Repurchase of common stock (56.1) (32.9) (77.8)
Dividends paid (47.3) (45.4) (44.6)
Proceeds from issuance of common stock 5.8 11.2 12.3
Excess tax benefit from equity compensation activity     3.2
Other, net 0.1 0.0 0.9
Net Cash – Financing activities (128.8) (112.5) (141.9)
Exchange rate effects on cash and cash equivalents (15.3) 20.0 (11.4)
Net cash from discontinued operations – operating activities (4.2) (2.4) 12.0
Net change in cash and cash equivalents 171.2 (70.9) 45.0
Cash and cash equivalents – beginning of year (includes restricted cash of $1.2, $1.2, and $1.2, respectively) 391.0 461.9 416.9
Cash and Cash Equivalents – end of Period (includes restricted cash of $1.0, $1.2, and $1.2, respectively) 562.2 391.0 461.9
Cash paid (received) during the year for:      
Interest 3.3 3.8 4.5
Income taxes, net of refunds received $ 53.5 $ 62.0 $ 56.1