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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net income $ 62.5 $ 84.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 92.8 88.2
Loss on extinguishment of debt, net 0.0 2.8
Gain on sale of Investment in CyrusOne (117.7) (118.6)
Provision for loss on receivables 3.5 4.3
Noncash portion of interest expense 1.1 1.7
Deferred income taxes 35.2 48.6
Pension and other postretirement payments less than (in excess of) expense 1.5 (2.8)
Stock-based compensation 3.9 3.5
Other, net (3.0) (3.8)
Changes in operating assets and liabilities, net of effects of acquisitions:    
Decrease (increase) in receivables 25.4 (5.5)
Increase in inventory, materials, supplies, prepaid expenses and other current assets (5.9) (5.0)
Increase in accounts payable 9.9 14.0
Increase (decrease) in accrued and other current liabilities 9.0 (17.0)
Decrease (increase) in other noncurrent assets 0.9 (0.6)
Increase in other noncurrent liabilities 3.8 3.5
Net cash provided by operating activities 122.9 97.9
Cash flows from investing activities    
Capital expenditures (105.2) (121.6)
Proceeds from sale of Investment in CyrusOne 140.7 142.5
Acquisitions of businesses (9.6) 0.0
Dividends received from Investment in CyrusOne 0.0 4.9
Other, net 0.4 (0.7)
Net cash provided by investing activities 26.3 25.1
Cash flows from financing activities    
Net (decrease) increase in corporate credit and receivables facilities with initial maturities less than 90 days (89.5) 15.4
Repayment of debt (4.2) (124.6)
Debt issuance costs (0.7) (1.9)
Dividends paid on preferred stock (5.2) (5.2)
Common stock repurchase 0.0 (4.6)
Other, net (1.1) 0.1
Net cash used in financing activities (100.7) (120.8)
Net increase in cash and cash equivalents 48.5 2.2
Cash and cash equivalents at beginning of period 9.7 7.4
Cash and cash equivalents at end of period 58.2 9.6
Noncash investing and financing transactions:    
Accrual of CyrusOne dividends 0.0 1.5
Acquisition of property by assuming debt and other noncurrent liabilities 6.9 10.1
Acquisition of property on account $ 24.8 $ 34.2