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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 81.1 $ 59.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 33.3 30.9
Amortization of intangible assets 49.9 45.2
Amortization of deferred financing costs 0.7 0.7
Deferred income taxes (16.8) 9.8
Stock based compensation expense 9.3 10.8
Restructuring and other costs - non-cash 3.3 0.6
Other non-cash expense/(income) 14.0 (14.4)
Loss on disposal of property, plant and equipment 0.5 0.3
Gain on sale of equity security (44.1) 0.0
Changes in operating assets and liabilities, net of acquisitions:    
Accounts and notes receivable-trade, net 87.5 46.2
Inventories, net (64.7) (38.3)
Prepaid expenses and other current assets, net (5.6) (9.2)
Other noncurrent assets, net (2.9) (14.4)
Accounts payable (3.9) 23.4
Accrued liabilities (77.4) (36.0)
Income taxes (14.1) (31.4)
Other noncurrent liabilities 5.0 (1.4)
Net cash provided by operating activities 55.1 82.5
Cash flows from investing activities:    
Capital expenditures (35.8) (31.1)
Cash paid for acquisitions of businesses and equity investments, net of cash acquired (6.7) (9.1)
Cash received on derivatives contracts 0.0 2.4
Cash paid on derivatives contracts (2.4) 0.0
Expenditures for identifiable intangible assets (3.3) (4.8)
Purchase of short-term investments 0.0 (0.1)
Proceeds from sale of property, plant and equipment, net 3.0 1.6
Net cash used in investing activities (45.2) (41.1)
Cash flows from financing activities:    
(Decrease) increase in short-term borrowings (7.8) 1.3
Cash paid for treasury stock 0.0 (77.9)
Cash dividends paid (19.8) (18.0)
Proceeds from long-term borrowings 0.1 3.0
Repayments on long-term borrowings (0.2) (5.4)
Proceeds from exercised stock options 8.3 29.4
Net cash used in financing activities (19.4) (67.6)
Effect of exchange rate changes on cash and cash equivalents 6.0 5.6
Net decrease in cash and cash equivalents (3.5) (20.6)
Cash and cash equivalents at beginning of period 320.6 383.9
Cash and cash equivalents at end of period $ 317.1 $ 363.3