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Consolidated Statements of Cash Flows
$ in Millions
12 Months Ended
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Cash flows from (used in) operating activities:      
Net income (loss) $ (117.0) $ 383.9 [1] $ 212.3 [1]
Less: Income from discontinued operations, net of tax 74.2 [2] 267.8 [1] 202.8 [1]
Income (loss) from continuing operations (191.2) 116.1 [1] 9.5 [1]
Adjustments to reconcile income (loss) from continuing operations to net cash used in operating activities      
Special charges, net 17.8 9.3 17.9
Gain on asset sales (1.2) (491.2) 0.0
Impairment of goodwill and other long-term assets 13.7 28.9 0.0
Loss on early extinguishment of debt 1.4 32.5 0.0
Deferred and other income taxes (4.2) (76.9) 107.8
Depreciation and amortization 39.2 43.4 45.7
Pension and other employee benefits 35.5 124.1 (4.9)
Stock-based compensation 34.5 33.1 26.5
Other, net 3.9 2.8 8.7
Changes in operating assets and liabilities, net of effects from acquisition and divestitures      
Accounts receivable and other assets 20.0 44.3 24.5
Inventories (20.9) (5.8) (3.5)
Accounts payable, accrued expenses and other (19.6) (171.3) (210.1)
Discretionary pension contribution 0.0 0.0 (250.0)
Cash spending on restructuring actions (10.9) (12.6) (14.4)
Net cash used in continuing operations (82.0) (323.3) (242.3)
Net cash from discontinued operations 43.5 399.7 347.6
Net cash from (used in) operating activities (38.5) 76.4 105.3
Cash flows from (used in) investing activities:      
Proceeds from asset sales and other, net 2.0 574.1 (2.2)
Decrease in restricted cash 0.0 0.1 0.0
Capital expenditures (17.9) (20.4) (32.1)
Net cash from (used in) continuing operations (15.9) 553.8 (34.3)
Net cash from (used in) discontinued operations (includes net cash proceeds from dispositions of $108.6 and $13.5 in 2014 and 2013, respectively) (38.3) 73.6 (12.4)
Net cash from (used in) investing activities (54.2) 627.4 (46.7)
Cash flows used in financing activities:      
Repurchase of senior notes (includes premiums paid of $30.6) 0.0 (530.6) 0.0
Borrowings under senior credit facilities 1,264.0 572.0 287.0
Repayments under senior credit facilities (1,167.0) (339.0) (287.0)
Borrowings under trade receivables agreement 156.0 91.0 35.0
Repayments under trade receivables agreement (166.0) (81.0) (35.0)
Net borrowings (repayments) under other financing arrangements 12.2 7.0 (3.6)
Purchases of common stock 0.0 (488.8) (260.2)
Minimum withholdings paid on behalf of employees for net share settlements, net of proceeds from the exercise of employee stock options and other (6.2) (12.9) (16.2)
Financing fees paid (12.2) (0.4) (5.4)
Dividends paid (45.9) (59.8) (34.7)
Cash divested in connection with the spin-off of FLOW Business (208.6) 0.0 0.0
Net cash used in continuing operations (173.7) (842.5) (320.1)
Net cash used in discontinued operations (1.9) (60.3) (15.3)
Net cash used in financing activities (175.6) (902.8) (335.4)
Change in cash and equivalents due to changes in foreign currency exchange rates (57.9) (65.2) (15.5)
Net change in cash and equivalents (326.2) (264.2) (292.3)
Consolidated cash and equivalents, beginning of period 427.6 691.8 984.1
Consolidated cash and equivalents, end of period 101.4 427.6 691.8
Cash and equivalents of continuing operations 101.4 237.2 575.4
Supplemental disclosure of cash flow information:      
Interest paid 60.8 65.9 102.6
Income taxes paid, net of refunds of $8.8, $10.0 and $9.4 in 2015, 2014 and 2013, respectively 51.0 314.8 50.3
Non-cash investing and financing activity:      
Debt assumed $ 1.0 $ 0.2 $ 5.0
[1] Reflects the resulting amounts in the accompanying consolidated statements of operations for the years ended December 31, 2014 and 2013, and the accompanying consolidated balance sheet at December 31, 2014.
[2] Represents amounts for SPX FLOW through the date of Spin-Off (i.e., the nine months ended September 26, 2015), except for a revision to increase the income tax provision by $1.4 that was recorded during the fourth quarter of 2015.