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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities:    
Net income $ 93.5 $ 102.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 56.1 55.3
Deferred income tax provision (benefit) 2.3 (0.2)
Gain on sales of property, plant and equipment (0.5) (0.1)
Stock-based compensation expense 3.3 3.7
Other 1.0 1.0
Changes in operating assets and liabilities (excluding effect of businesses acquired):    
Accounts receivable (80.3) (73.6)
Inventories (29.3) (57.6)
Prepaid expenses and other assets 17.0 23.1
Accounts payable and other liabilities 92.3 116.9
Net cash provided by operating activities 155.4 171.4
Investing activities:    
Purchases of property, plant and equipment (34.4) (31.3)
Acquisitions, net of cash acquired (290.9)  
Other (6.2) 4.1
Net cash used in investing activities (331.5) (27.2)
Financing activities:    
Net short-term debt (repayments) borrowings (6.2) 1.1
Proceeds from long-term debt borrowings 399.0 363.0
Principal payments on long-term debt (188.0) (311.0)
Dividends and dividend equivalents paid (29.0) (31.7)
Exercise of stock options 16.5 6.1
Share repurchases   (171.2)
Other (2.6) (2.3)
Net cash provided by (used in) financing activities 189.7 (146.0)
Effect of exchange rate changes on cash 2.6 (2.8)
Increase (decrease) in cash and cash equivalents 16.2 (4.6)
Cash and cash equivalents at beginning of year 104.3 106.2
Cash and cash equivalents at end of period 120.5 101.6
Supplemental cash flow information:    
Interest paid during the period 5.1 5.3
Income taxes paid during the period, net $ 5.7 $ 23.2