XML 16 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities:    
Net income $ 195.6 $ 194.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 111.6 110.2
Deferred income tax provision (benefit) 1.6 (2.0)
Gain on sales of property, plant and equipment (0.4) (0.3)
Stock-based compensation expense 11.4 12.4
Other 2.5 5.1
Changes in operating assets and liabilities (excluding effect of businesses acquired):    
Accounts receivable (106.2) 25.0
Inventories (126.6) 75.3
Prepaid expenses and other assets 20.7 0.4
Accounts payable and other liabilities 95.0 43.3
Net cash provided by operating activities 205.2 463.9
Investing activities:    
Purchases of property, plant and equipment (71.7) (77.1)
Acquisitions, net of cash acquired (322.4)  
Other (1.3) (1.5)
Net cash used in investing activities (395.4) (78.6)
Financing activities:    
Net short-term debt (repayments) borrowings (13.5) 6.8
Proceeds from long-term debt borrowings 613.0 412.0
Principal payments on long-term debt (365.1) (521.8)
Dividends and dividend equivalents paid (58.0) (61.4)
Exercise of stock options 30.1 10.6
Share repurchases   (200.0)
Other (3.6) (4.3)
Net cash provided by (used in) financing activities 202.9 (358.1)
Effect of exchange rate changes on cash (0.5) (1.5)
Increase in cash and cash equivalents 12.2 25.7
Cash and cash equivalents at beginning of year 104.3 106.2
Cash and cash equivalents at end of period 116.5 131.9
Supplemental cash flow information:    
Interest paid during the period 41.3 42.2
Income taxes paid during the period, net $ 58.0 $ 118.2