XML 23 R8.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows From Operations      
Net earnings $ 63.5 $ 148.4 $ 167.6
Adjustments to reconcile net earnings to cash provided by operating activities of continuing operations:      
Asset impairments 24.4 1.1 0.0
Discontinued operations, net of income taxes (0.2) 1.4 18.8
Depreciation 69.9 68.4 68.5
Amortization of intangible assets 34.4 35.1 35.3
Amortization of deferred financing fees 4.2 4.4 7.0
Deferred income taxes (35.9) (6.2) (13.4)
Loss on early extinguishment of debt 0.2 6.3 3.0
Loss (gain) on sale of property, plant and equipment 0.6 (6.5) 3.7
Gain on acquisitions and divestitures (14.8) 0.0 0.0
Loss on sale of discontinued operations 0.0 11.0 2.7
Stock-based compensation expense and other 9.6 1.9 14.9
Changes in operating assets and liabilities, excluding the effects of business acquisitions or dispositions:      
Accounts receivable (15.8) 10.3 74.3
Inventories 2.1 9.0 (22.2)
Other assets (1.2) (17.3) (22.6)
Accounts payable (37.2) (8.9) (1.6)
Accrued expenses and other liabilities (6.0) (153.0) (1.9)
Net cash provided by operating activities of continuing operations 97.8 105.4 334.1
Net cash used for operating activities of discontinued operations 0.2 (7.1) (11.0)
Net cash provided by operating activities 98.0 98.3 323.1
Cash Flows From Investing      
Capital expenditures (68.1) (84.8) (110.7)
Proceeds from sale of property, plant and equipment 7.3 12.8 4.1
Restricted cash 4.8 (11.6) (2.0)
Business acquisitions, net of cash acquired (5.3) 0.0 (12.2)
Proceeds from sale of business 78.2 0.0 39.2
Net cash provided by (used for) investing activities of continuing operations 16.9 (83.6) (81.6)
Net cash used for investing activities of discontinued operations 0.0 0.0 (0.6)
Net cash provided by (used for) investing activities 16.9 (83.6) (82.2)
Cash Flows From Financing      
Payments on revolving credit facility-net 0.0 0.0 (34.4)
Payments on long-term debt (106.1) (638.7) (266.5)
Proceeds from long-term debt 5.6 640.3 43.0
(Payments on) proceeds from notes financing - net (9.4) (0.3) 6.6
Debt issuance costs 0.0 (5.2) (1.1)
Dividends paid (10.9) (10.8) (10.7)
Exercises of stock options including windfall tax benefits 7.9 25.9 6.7
Net cash provided by (used for) financing activities of continuing operations (112.9) 11.2 (256.4)
Net cash used for financing activities of discontinued operations 0.0 (7.2) 0.0
Net cash provided by (used for) financing activities (112.9) 4.0 (256.4)
Effect of exchange rate changes on cash (6.6) (5.6) (2.8)
Net increase (decrease) in cash and cash equivalents (4.6) 13.1 (18.3)
Balance at beginning of year 68.0 54.9 73.2
Balance at end of year 63.4 68.0 54.9
Supplemental Cash Flow Information      
Interest paid 98.8 120.4 134.6
Income taxes paid $ 20.9 $ 87.0 $ 55.6