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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows from Operating Activities    
Net income $ 144.7 $ 156.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 42.9 38.9
Deferred income taxes (2.0) 6.1
Stock-based compensation 7.3 6.7
Tax benefit on stock-based awards (1.8) (6.2)
Changes in assets and liabilities, excluding effects of acquisitions:    
Increase in accounts receivable, net (37.4) (47.1)
Increase in inventories, net (51.3) (31.2)
Increase in current liabilities 18.8 (9.4)
Changes in other assets and liabilities, net (3.1) (8.6)
Contribution to qualified defined benefit pension plans (21.7) (2.8)
Other, net 2.3 (1.3)
Net Cash Provided by (Used in) Operating Activities 98.7 101.2
Cash Flows from Investing Activities    
Capital expenditures (34.5) (27.1)
Acquisition of businesses, net of cash acquired (127.0) (147.3)
Purchases of available-for-sale investments (5.6) (6.0)
Proceeds from available-for-sale investments 4.1 4.7
Other, net 1.5 1.4
Net cash used in investing activities (161.5) (174.3)
Cash Flows from Financing Activities    
Short-term debt borrowings 0.2 0.7
Payments of short-term debt (1.4) 0.0
Payment of dividends (64.9) (59.1)
Payment of dividends to noncontrolling interest (1.7) (1.3)
Repurchase of common shares (76.0) (23.3)
Proceeds from exercise of stock options 0.0 0.7
Tax benefit on stock-based awards 1.8 6.2
Other, net 0.0 0.1
Net cash used in financing activities (142.0) (76.0)
Effect of foreign currency exchange rate changes on cash and cash equivalents (4.8) 5.8
Decrease in cash and cash equivalents (209.6) (143.3)
Cash and cash equivalents    
Beginning of period 653.9 740.7
End of period $ 444.3 $ 597.4