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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities:    
Net income $ 247.3 $ 282.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 164.6 158.6
Impairment of long-lived assets 53.3  
Deferred income tax benefit (3.2) (3.4)
Gain on sales of property, plant and equipment (1.9) (1.2)
Stock-based compensation expense 17.6 20.1
Other 7.7 6.0
Changes in operating assets and liabilities (excluding effect of businesses acquired):    
Accounts receivable 65.4 (213.9)
Inventories 156.8 (333.0)
Prepaid expenses and other assets (16.1) 46.1
Accounts payable and other liabilities 24.8 200.9
Net cash provided by operating activities 716.3 162.8
Investing activities:    
Purchases of property, plant and equipment (119.4) (134.4)
Acquisitions, net of cash acquired   (145.0)
Proceeds from sale of business, net   26.2
Other 5.6 (8.0)
Net cash used in investing activities (113.8) (261.2)
Financing activities:    
Net short-term debt borrowings 9.9 4.3
Proceeds from long-term debt borrowings 510.0 535.7
Principal payments on long-term debt (729.0) (368.6)
Dividends and dividend equivalents paid (90.7) (81.7)
Exercise of stock options 11.0 27.9
Share repurchases (313.9)  
Other (5.5) (2.1)
Net cash (used in) provided by financing activities (608.2) 115.5
Effect of exchange rate changes on cash (6.4)  
(Decrease) increase in cash and cash equivalents (12.1) 17.1
Cash and cash equivalents at beginning of year 106.2 83.6
Cash and cash equivalents at end of period 94.1 100.7
Supplemental cash flow information:    
Interest paid during the period 46.5 46.4
Income taxes paid during the period, net $ 168.3 103.7
Non-cash investing and financing activities:    
Debt assumed in connection with acquisition   $ 41.7