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Consolidated Statements of Cash Flows
$ in Millions
12 Months Ended
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Operating activities:      
Net income $ 619.1 $ 540.8 $ 629.4
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]      
Depreciation and amortization 357.9 350.7 346.7
Deferred income taxes 49.4 53.1 91.7
Equity in net (earnings) losses of affiliates 1.4 (1.0) (2.6)
Share-based compensation 22.9 23.1 20.4
(Gain) loss on foreign currency derivative instruments 22.5 (14.1) (6.3)
Foreign exchange (gain) loss 7.1 (3.0) (1.5)
Restructuring charges 17.0 168.8 0.0
Write-off of software development costs 13.6 0.0 0.0
Gain on insurance recoveries related to hurricane damage 0.0 0.0 (17.9)
Distributions from affiliates 4.5 7.0 5.5
Settlement of foreign currency derivative instruments (20.0) 11.9 13.9
Cash payments for restructuring charges (10.0) (6.3) 0.0
Refundable Mexican value added tax (43.2) (58.7) 0.0
Settlement of treasury lock agreements 0.0 (25.8) 0.0
Deemed mandatory repatriation tax 0.0 0.0 (18.7)
Insurance proceeds related to hurricane damage 0.0 0.0 17.9
Changes in working capital items:      
Accounts receivable 25.5 38.2 (67.4)
Materials and supplies 21.7 0.5 (4.5)
Other current assets (22.8) 5.0 (39.2)
Accounts payable and accrued liabilities 16.0 9.4 (24.0)
Other, net (2.6) 4.4 6.5
Net cash provided by operating activities 1,080.0 1,104.0 949.9
Investing activities:      
Capital expenditures (411.9) (587.2) (520.3)
Purchase or replacement of assets under operating leases (78.2) (39.0) (98.9)
Property investments in MSLLC (24.8) (27.5) (26.1)
Investments in and advances to affiliates (7.4) (36.7) (19.2)
Insurance proceeds related to hurricane damage 0.0 0.0 7.6
Proceeds from disposal of property 12.9 22.1 8.7
Other, net (16.6) (8.0) (3.7)
Net cash used for investing activities (526.0) (676.3) (651.9)
Financing activities:      
Net short-term borrowings 0.0 0.0 (348.1)
Proceeds from issuance of long-term debt 545.6 847.5 499.4
Repayment of long-term debt (18.0) (285.0) (81.5)
Dividends paid (152.3) (144.3) (147.5)
Shares repurchased (888.9) (792.5) (243.5)
Debt issuance and retirement costs paid (6.6) (11.6) (8.0)
Proceeds from employee stock plans 9.9 7.0 1.8
Net cash used for financing activities (510.3) (378.9) (327.4)
Effect of Exchange Rate on Cash and Cash Equivalents (4.3) (0.5) (4.2)
Cash and cash equivalents:      
Net increase (decrease) during each year 39.4 48.3 (33.6)
At beginning of year 148.8 100.5 134.1
At end of year 188.2 148.8 100.5
Non-cash investing and financing activities:      
Capital expenditures accrued but not yet paid at end of year 22.3 24.0 26.9
Other investing activities accrued but not yet paid at the end of the year 31.9 31.2 53.8
Finance lease obligations incurred 0.8 0.0 0.0
Non-cash asset acquisitions 2.8 0.5 0.7
Dividends accrued but not yet paid at end of year 40.6 39.0 36.6
Cash payments:      
Interest paid, net of amounts capitalized 144.5 110.5 105.0
Income tax payments, net of refunds $ 182.3 $ 170.5 $ 221.0