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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net income $ 60.4 $ 7.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 45.8 43.4
Gain on extinguishment of debt 0.0 (2.4)
Gain on sale of Investment in CyrusOne (117.7) 0.0
Provision for loss on receivables 1.8 1.9
Noncash portion of interest expense 0.5 1.0
Deferred income taxes 34.4 4.4
Pension and other postretirement payments less than (in excess of) expense 1.0 (1.3)
Stock-based compensation 2.9 1.2
Other, net (1.2) (1.8)
Changes in operating assets and liabilities, net of effects of acquisitions:    
Decrease in receivables 14.6 17.2
Increase in inventory, materials, supplies, prepaid expenses and other current assets (5.6) (4.7)
Increase (decrease) in accounts payable 5.8 (3.2)
Increase in accrued and other current liabilities 7.1 2.8
Decrease in other noncurrent assets 0.8 0.5
Increase (decrease) in other noncurrent liabilities 3.3 (0.3)
Net cash provided by operating activities 53.9 65.7
Cash flows from investing activities    
Capital expenditures (55.1) (62.4)
Proceeds from sale of Investment in CyrusOne 140.7 0.0
Acquisitions of businesses (9.2) 0.0
Dividends received from Investment in CyrusOne (equity method investment) 0.0 2.1
Other, net 0.5 (0.1)
Net cash provided by (used in) investing activities 76.9 (60.4)
Cash flows from financing activities    
Net (decrease) increase in corporate credit and receivables facilities with initial maturities less than 90 days (89.5) 28.9
Repayment of debt (2.1) (30.9)
Debt issuance costs (0.5) 0.0
Dividends paid on preferred stock (2.6) (2.6)
Other, net (1.1) (0.2)
Net cash used in financing activities (95.8) (4.8)
Net increase in cash and cash equivalents 35.0 0.5
Cash and cash equivalents at beginning of period 9.7 7.4
Cash and cash equivalents at end of period 44.7 7.9
Noncash investing and financing transactions:    
Accrual of CyrusOne dividends 0.0 2.7
Acquisition of property by assuming debt and other noncurrent liabilities 6.9 7.1
Acquisition of property on account $ 27.3 $ 27.3