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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows from Operating Activities      
Net income $ 297.8 $ 282.1 $ 327.2
Adjustments to reconcile net income to net cash provided by operating activities net of acquisitions:      
Depreciation and amortization 92.3 85.2 79.2
Deferred income taxes 12.7 (4.5) 30.3
Stock-based compensation 22.3 17.0 16.4
Tax benefit on stock-based awards (4.2) (2.3) (9.2)
(Gain) loss on sale of assets (5.8) 0.5 (1.3)
Changes in assets and liabilities, net of acquisitions:      
(Increase) decrease in accounts receivable (42.3) 1.9 (17.8)
Decrease (increase) in inventories 18.4 (80.8) (46.9)
Increase in current liabilities 13.8 46.6 20.0
Changes in other assets and liabilities, net 8.4 6.1 15.4
Contributions to qualified defined benefit pension plans (18.0) (22.6) (23.5)
Other, net 2.8 1.9 1.7
NET CASH PROVIDED BY OPERATING ACTIVITIES 398.2 331.1 391.5
Cash Flows from Investing Activities      
Capital expenditures (67.2) (77.1) (60.3)
Acquisitions, net of cash acquired (173.4) (163.4) (183.8)
Purchases of available-for-sale investments (20.0) (24.5) (17.6)
Proceeds from sales of available-for-sale investments 13.3 13.8 12.1
Proceeds from disposition of assets 10.8 0.7 6.0
Other, net 6.5 1.3 1.0
NET CASH USED IN INVESTING ACTIVITIES (230.0) (249.2) (242.6)
Cash Flows from Financing Activities      
Issuance of long-term debt 397.0 0.0 0.0
Issuance of short-term debt 1.2 48.8 2.0
Payment of short-term debt (51.5) (2.0) (0.8)
Debt issuance cost (3.6) 0.0 0.0
Payment of dividends (144.0) (133.7) (121.2)
Payment of dividends to noncontrolling interest (2.8) (5.0) (1.7)
Proceeds from exercise of stock options 0.0 0.0 2.4
Tax benefit on stock-based awards 4.2 2.3 9.2
Acquisition of common shares(1) [1] (246.8) (79.1) (105.5)
Payments for share reclassification 0.0 (200.7) 0.0
Other (0.5) (1.7) 0.0
NET CASH USED IN FINANCING ACTIVITIES (46.8) (371.1) (215.6)
Effect of foreign currency exchange rate changes on cash and cash equivalents (27.3) (21.2) (20.1)
Increase in cash and cash equivalents 94.1 (310.4) (86.8)
Cash and cash equivalents, beginning of year 343.5 653.9 740.7
Cash and cash equivalents, end of year $ 437.6 343.5 $ 653.9
Accrued share repurchase amount   $ 9.0  
[1] In 2015, the Company had $9.0 million of share repurchases accrued in other accrued liabilities that was paid in 2016.