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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities:    
Net income $ 232.3 $ 293.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 176.2 169.6
Deferred income taxes 12.2 31.5
Equity in net earnings of affiliates (1.5) (2.0)
Share-based compensation 12.0 11.6
Distributions from affiliates 3.0 2.5
Settlement of foreign currency derivative instruments 4.8 12.0
Gain on foreign currency derivative instruments (10.9) (4.1)
Restructuring charges 118.5 0.0
Cash payments for restructuring charges (1.4) 0.0
Deemed mandatory repatriation tax 0.0 (4.0)
Changes in working capital items:    
Accounts receivable 15.6 (17.2)
Materials and supplies 4.5 1.8
Other current assets (16.3) (21.3)
Accounts payable and accrued liabilities (6.8) (41.0)
Other, net (1.0) (7.2)
Net cash provided by operating activities 541.2 425.8
Investing activities:    
Capital expenditures (350.4) (267.3)
Purchase or replacement of equipment under operating leases (0.9) (98.9)
Property investments in MSLLC (22.3) (20.4)
Investments in and advances to affiliates (15.3) (6.3)
Proceeds from disposal of property 12.3 5.7
Other, net 2.5 3.0
Net cash used (374.1) (384.2)
Financing activities:    
Net short-term borrowings 0.0 (348.1)
Proceeds from issuance of long-term debt 0.0 499.4
Repayment of long-term debt (5.5) (76.0)
Dividends paid (72.6) (74.1)
Shares repurchased (142.7) (108.5)
Debt issuance and retirement costs paid (2.5) (8.0)
Proceeds from employee stock plans 3.3 0.7
Net cash used for financing activities (220.0) (114.6)
Cash and cash equivalents:    
Net decrease during each period (52.9) (73.0)
At beginning of year 100.5 134.1
At end of period $ 47.6 $ 61.1