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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities:    
Net income $ 185.7 $ 166.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 104.6 91.2
Deferred income tax (benefit) provision (1.5) 0.6
(Gain) loss on sales of property, plant and equipment (1.0) 1.0
Equity in earnings of unconsolidated entities (1.4) (0.9)
Dividends received from unconsolidated entity 0.4 0.4
Share-based compensation expense 12.9 14.5
Other 4.4 (0.5)
Changes in operating assets and liabilities:    
Accounts receivable (188.0) (133.2)
Inventories (230.4) 62.8
Prepaid expenses and other assets 37.2 11.3
Accounts payable and other liabilities 186.6 70.3
Net cash provided by operating activities 109.5 283.9
Investing activities:    
Purchases of property, plant and equipment (86.9) (74.3)
Acquisitions, net of cash acquired   (794.7)
Proceeds from sale of business, net 26.2  
Other (9.0) 8.5
Net cash used in investing activities (69.7) (860.5)
Financing activities:    
Net short-term debt repayments (3.6) (469.3)
Proceeds from long-term debt borrowings 297.0 2,257.9
Principal payments on long-term debt (270.3) (1,191.6)
Debt issuance costs   (10.3)
Dividends paid (54.4) (46.0)
Exercise of stock options 21.3 42.4
Other (1.1) (1.7)
Net cash (used in) provided by financing activities (11.1) 581.4
Effect of exchange rate changes on cash 1.2 (1.6)
Increase in cash and cash equivalents 29.9 3.2
Cash and cash equivalents at beginning of year 83.6 97.6
Cash and cash equivalents at end of period 113.5 100.8
Supplemental cash flow information:    
Interest paid during the period 40.5 29.9
Income taxes paid during the period, net 62.5 65.7
Non-cash investing and financing activities:    
Debt assumed in connection with acquisitions   $ 529.9