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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 206.1 $ 115.4
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 107.1 115.1
Amortization of intangibles 30.7 33.9
Stock compensation expense 24.8 22.5
Equity in net earnings of affiliates, net of cash received (16.8) (13.4)
Deferred income tax benefit 13.2 (14.3)
Gain (Loss) on Extinguishment of Debt 0.0 (15.7)
Other 3.0 1.3
Changes in operating assets and liabilities:    
Accounts and notes receivable, net (143.5) (83.0)
Inventories, net (513.7) (396.3)
Other current and noncurrent assets (18.2) (47.3)
Accounts payable 83.1 7.9
Accrued expenses 1.6 6.7
Other current and noncurrent liabilities 9.7 47.2
Total adjustments (419.0) (304.0)
Net cash used in operating activities (212.9) (188.6)
Cash flows from investing activities:    
Purchases of property, plant and equipment (114.9) (89.8)
Proceeds from sale of property, plant and equipment 0.1 2.3
Investments in unconsolidated affiliates 0.0 5.8
Other 0.0 0.4
Net cash used in investing activities (114.8) (92.9)
Cash flows from financing activities:    
Proceeds from indebtedness 1,621.5 2,555.7
Repayments of indebtedness (1,219.0) (2,289.3)
Purchases and retirement of common stock (70.0) (34.3)
Payment of dividends to stockholders (23.7) (23.8)
Payment of minimum tax withholdings on stock compensation (26.7) (3.5)
Payment of debt issuance costs (0.5) 0.0
Investment by noncontrolling interests 1.0 0.0
Net cash provided by financing activities 282.6 204.8
Effects of exchange rate changes on cash and cash equivalents (1.1) (10.4)
Decrease in cash and cash equivalents (46.2) (87.1)
Cash and cash equivalents, beginning of period 326.1 367.7
Cash and cash equivalents, end of period $ 279.9 $ 280.6