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Consolidated Statements of Cash Flows
12 Months Ended
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Net Income $ 374,700,000 $ 305,500,000 $ 202,300,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 160,600,000 146,000,000.0 137,700,000
Impairment charges (2,600,000) (1,300,000) (100,000)
Loss (gain) on sale of assets (3,600,000) 300,000 (2,100,000)
Gain (Loss) on Disposition of Assets (400,000) 0 0
Gain (Loss) on Disposition of Business 0 800,000 0
Deferred income tax benefit 8,900,000 21,400,000 400,000
Stock-based compensation expense 27,100,000 32,300,000 24,700,000
Pension and other postretirement expense (2,200,000) (20,700,000) (28,900,000)
Pension and other postretirement benefit contributions and payments (43,400,000) (18,700,000) (23,900,000)
Operating Lease, Expense 36,600,000 0 0
Operating Lease, Payments (35,600,000) 0 0
Changes in operating assets and liabilities:      
Accounts receivable 24,100,000 (66,400,000) (42,300,000)
Increase (Decrease) in Unbilled Receivables (12,600,000) (21,800,000) 0
Inventories 50,700,000 (87,100,000) (132,100,000)
Accounts payable, trade 19,900,000 (20,200,000) 70,700,000
Other accrued expenses (26,800,000) 32,200,000 36,300,000
Income taxes (14,200,000) 1,900,000 (36,200,000)
Other, net (2,900,000) 27,100,000 (26,900,000)
Net Cash Provided by Operating Activities 550,100,000 332,500,000 236,800,000
Investing Activities      
Capital expenditures (140,600,000) (112,600,000) (104,700,000)
Acquisitions, net of cash acquired of $5.9 million in 2019, $30.1 million in 2018 and $35.4 million in 2017 (226,500,000) (765,400,000) (346,800,000)
Proceeds from disposals of property, plant and equipment (6,300,000) (1,500,000) (7,100,000)
Proceeds from Divestiture of Businesses, Net of Cash Divested 0 14,000,000.0 0
Payments to Acquire Marketable Securities (4,200,000) (2,800,000) (3,600,000)
Other 100,000 100,000 (700,000)
Net Cash Used in Investing Activities (364,900,000) (865,200,000) (448,700,000)
Financing Activities      
Cash dividends paid to shareholders (84,900,000) (85,700,000) (83,300,000)
Purchase of treasury shares (62,700,000) (98,500,000) (43,400,000)
Proceeds from exercise of stock options 27,500,000 12,800,000 32,900,000
Payment, Tax Withholding, Share-based Payment Arrangement (15,400,000) (5,400,000) (11,400,000)
Proceeds from long-term debt 662,800,000 1,391,100,000 927,800,000
Repayments of Long-term Debt 633,800,000 663,800,000 684,500,000
Deferred financing costs (1,900,000) (1,200,000) (1,200,000)
Proceeds from Accounts Receivable Securitization 25,000,000.0 152,000,000.0 56,700,000
Repayments of Accounts Receivable Securitization 0 (139,900,000) (42,700,000)
Short-term debt activity, net (17,000,000.0) (6,700,000) 19,900,000
Other 300,000 1,600,000 2,600,000
Net Cash Provided by (Used in) Financing Activities (100,700,000) 553,100,000 168,200,000
Effect of exchange rate changes on cash (1,400,000) (12,700,000) 17,600,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 83,100,000 7,700,000 (26,100,000)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 216,200,000 $ 133,100,000 $ 125,400,000