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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 212.4 $ 186.1
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 159.2 170.1
Amortization of intangibles 45.6 49.2
Stock compensation expense 32.9 33.0
Equity in net earnings of affiliates, net of cash received (26.3) (21.8)
Deferred income tax provision (benefit) 43.1 (17.7)
Loss on extinguishment of debt 0.0 15.7
Other 1.9 (2.2)
Changes in operating assets and liabilities:    
Accounts and notes receivable, net (85.1) (59.8)
Inventories, net (503.4) (398.0)
Other current and noncurrent assets (47.0) (67.3)
Accounts payable (4.1) (18.4)
Accrued expenses 23.7 55.9
Other current and noncurrent liabilities 66.9 71.2
Total adjustments (292.6) (190.1)
Net cash used in operating activities (80.2) (4.0)
Cash flows from investing activities:    
Purchases of property, plant and equipment (188.1) (138.5)
Proceeds from sale of property, plant and equipment 0.9 2.6
Investments in unconsolidated affiliates 0.0 (5.8)
Other 0.0 0.4
Net cash used in investing activities (187.2) (141.3)
Cash flows from financing activities:    
Proceeds from indebtedness 1,998.3 3,262.5
Repayments of indebtedness (1,600.5) (3,046.1)
Purchases and retirement of common stock (100.0) (84.3)
Payment of dividends to stockholders (35.9) (35.6)
Payment of minimum tax withholdings on stock compensation (27.5) (3.7)
Payment of debt issuance costs (0.5) (1.6)
Investment by noncontrolling interests 1.2 0.8
Net cash provided by financing activities 235.1 92.0
Effects of exchange rate changes on cash and cash equivalents (11.8) (21.7)
Decrease in cash and cash equivalents (44.1) (75.0)
Cash and cash equivalents, beginning of period 326.1 367.7
Cash and cash equivalents, end of period $ 282.0 $ 292.7