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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Activities      
Net Income $ 292.4 $ 374.7 $ 305.5
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 167.1 160.6 146.0
Impairment charges 0.4 2.6 1.3
Loss (gain) on sale of assets 0.9 (3.6) 0.3
Gain on disposal of lease assets 0.0 (0.4) 0.0
Bargain purchase price gain (11.1) 0.0 0.0
Loss on divestitures 0.0 0.0 0.8
Deferred income tax benefit (23.2) (8.9) (21.4)
Stock-based compensation expense 23.2 27.1 32.3
Pension and other postretirement expense 17.4 2.2 20.7
Pension and other postretirement benefit contributions and payments (20.6) (43.4) (18.7)
Changes in operating assets and liabilities:      
Accounts receivable (20.7) 24.1 (66.4)
Unbilled receivables 18.5 (12.6) (21.8)
Inventories 27.4 50.7 (87.1)
Accounts payable, trade 22.6 19.9 (20.2)
Other accrued expenses 55.1 (26.8) 32.2
Income taxes 8.5 (14.2) 1.9
Other, net 19.7 (1.9) 27.1
Net Cash Provided by Operating Activities 577.6 550.1 332.5
Investing Activities      
Capital expenditures (121.6) (140.6) (112.6)
Acquisitions, net of cash acquired of $5.9 million in 2019 and $30.1 million in 2018 (24.0) (226.5) (765.4)
Proceeds from disposals of property, plant and equipment 1.5 6.3 1.5
Proceeds from divestitures 0.0 0.0 14.0
Investments in short-term marketable securities, net (9.4) (4.1) (2.7)
Net Cash Used in Investing Activities (153.5) (364.9) (865.2)
Financing Activities      
Cash dividends paid to shareholders (87.0) (84.9) (85.7)
Purchase of treasury shares (49.3) (62.7) (98.5)
Proceeds from exercise of stock options 37.4 27.5 12.8
Payments related to tax withholding for stock-based compensation (16.0) (15.4) (5.4)
Proceeds from long-term debt 562.0 662.8 1,391.1
Payments on long-term debt (757.7) (633.8) (663.8)
Deferred financing costs (1.7) (1.9) (1.2)
Accounts receivable facility financing borrowings 144.0 25.0 152.0
Accounts receivable facility financing payments (186.0) 0.0 (139.9)
Short-term debt activity, net 40.1 (17.0) (6.7)
Noncontrolling interest dividends paid (16.9) (0.3) (1.6)
Net Cash (Used in) Provided by Financing Activities (331.1) (100.7) 553.1
Effect of exchange rate changes on cash 11.9 (1.4) (12.7)
Increase In Cash, Cash Equivalents and Restricted Cash 104.9 83.1 7.7
Cash, cash equivalents and restricted cash at beginning of year 216.2 133.1 125.4
Cash, Cash Equivalents and Restricted Cash at End of Year $ 321.1 $ 216.2 $ 133.1