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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities    
Net Income $ 119.7 $ 134.8
Non-cash pre-tax expense:    
Depreciation 41.6 39.6
Amortization 8.6 8.0
Stock-based compensation 13.6 15.8
Recognition of actuarial losses   0.6
Deferred income taxes 1.2 6.6
Restructuring charges 1.0 0.4
Amortization of deferred financing costs 0.1  
Changes in assets and liabilities:    
Increase in accounts receivable (68.0) (58.2)
Increase in inventories (52.0) (50.0)
Decrease in accounts payable (1.4) (6.0)
Increase in other assets (13.8) (11.8)
Decrease in accrued expenses and other liabilities (29.9) (131.2)
Increase in accrued taxes 21.1 20.7
Net cash provided by (used in) operating activities 41.8 (30.7)
Investing activities    
Capital expenditures (54.6) (47.6)
Proceeds from the disposition of assets 0.4 0.1
Cost of acquisitions, net of cash acquired (652.5)  
Net cash used in investing activities (706.7) (47.5)
Financing activities    
Increase in short-term debt, net   3.9
Issuance of long-term debt 1,748.9 480.0
Repayment of long-term debt (1,031.3) (235.0)
Proceeds from the exercise of stock options 13.1 11.0
Treasury stock purchases (0.4) (255.0)
Excess tax benefit from the exercise of stock-based compensation 16.4 18.6
Dividends to stockholders (44.6) (39.5)
Other financing, net (1.2) (1.1)
Net cash provided by (used in) financing activities 700.9 (17.1)
Effect of foreign exchange rate changes on cash (4.4) (1.1)
Net increase (decrease) in cash and cash equivalents 31.6 (96.4)
Cash and cash equivalents at beginning of period 191.9 241.4
Cash and cash equivalents at end of period $ 223.5 $ 145.0