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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 83.4 $ 59.6
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 108.9 111.9
Deferred debt issuance cost amortization 0.3 0.7
Amortization of intangibles 27.2 22.4
Stock compensation expense 22.6 11.4
Proceeds from termination of hedging instrument 0.0 7.3
Equity in net earnings of affiliates, net of cash received (5.6) (9.1)
Deferred income tax provision 0.6 14.6
Other 1.5 (0.3)
Changes in operating assets and liabilities, net of effects from purchase of businesses:    
Accounts and notes receivable, net (94.3) (61.1)
Inventories, net (316.5) (263.3)
Other current and noncurrent assets (48.4) (34.3)
Accounts payable 120.6 80.6
Accrued expenses 9.9 0.3
Other current and noncurrent liabilities 23.4 (5.3)
Total adjustments (149.8) (124.2)
Net cash used in operating activities (66.4) (64.6)
Cash flows from investing activities:    
Purchases of property, plant and equipment (92.3) (72.0)
Proceeds from sale of property, plant and equipment 1.6 0.9
Purchase of businesses, net of cash acquired 0.0 (38.8)
Investment in consolidated affiliates, net of cash acquired 0.0 (11.8)
Investments in unconsolidated affiliates (0.8) 0.0
Restricted cash 0.0 0.4
Net cash used in investing activities (91.5) (121.3)
Cash flows from financing activities:    
Proceeds from debt obligations 1,966.6 1,331.9
Repayments of debt obligations (1,911.8) (1,117.8)
Purchases and retirement of common stock 0.0 (120.0)
Payment of dividends to stockholders (22.2) (21.6)
Payment of minimum tax withholdings on stock compensation (4.0) (1.8)
Payment of debt issuance costs 0.2 0.0
Payments of Debt Issuance Costs 0.0 (0.5)
Net cash provided by financing activities 28.8 70.2
Effects of exchange rate changes on cash and cash equivalents 17.2 13.7
Decrease in cash and cash equivalents (111.9) (102.0)
Cash and cash equivalents, beginning of period 429.7 426.7
Cash and cash equivalents, end of period $ 317.8 $ 324.7