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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net income $ 173.9 $ 237.9
Reconciliation of net income to cash flows provided by operating activities:    
Depreciation and amortization 102.0 95.4
Impairment charges 141.5  
Non-cash compensation, net of tax benefit (3.1) 1.0
Deferred taxes (20.8) 2.3
Other operating activities, net (0.8) 1.8
Changes in assets and liabilities, excluding effects of acquisitions and divestitures:    
Receivables (93.5) (108.3)
Inventories (20.6) (6.5)
Prepaid expenses and other assets 1.0 0.6
Accounts payable 43.3 49.4
Accrued expenses and deferred revenues 32.7 77.4
Other long-term liabilities (0.5) 1.9
Net cash provided by operating activities 355.1 352.9
Investing activities    
Capital expenditures (77.3) (48.7)
Acquisitions, net of cash acquired (103.1) (598.9)
Other investing activities, net 0.8 0.1
Net cash used in investing activities (179.6) (647.5)
Financing activities    
Repayments of borrowings (150.0) (1.5)
Dividends paid (61.8) (52.7)
Proceeds from issuance of treasury shares and stock options 41.4 35.2
Repurchases of common stock (61.3) (57.9)
Other financing activities, net   (1.4)
Net cash used in financing activities (231.7) (78.3)
Effect of foreign currency exchange rate changes on cash and cash equivalents 0.9 (3.5)
Change in cash and cash equivalents (55.3) (376.4)
Cash and cash equivalents    
Beginning of period 410.7 730.8
End of period $ 355.4 $ 354.4