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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
OPERATING ACTIVITIES      
Net Income $ 315.5 $ 159.3 $ 230.9
Non-cash expense (income):      
Depreciation 93.5 82.9 77.2
Amortization of intangibles 21.6 15.9 13.2
Stock-based compensation 27.6 29.7 26.1
Restructuring charges 1.0 2.5 0.2
(Gain) loss on sale of property, plant and equipment (0.5) 0.9 0.8
Loss on sale of discontinued operation 16.7 83.2  
Asset impairment charges   10.7 27.4
Actuarial (gain) loss 8.6 13.7 5.2
Deferred taxes (13.6) 0.3 (12.7)
Amortization of deferred financing costs 0.6    
Changes in assets and liabilities including effects subsequent to acquisitions:      
Increase in accounts receivable (6.9) (39.9) (58.5)
(Increase) decrease in inventories (69.8) 14.5 (89.7)
(Decrease) increase in accounts payable (16.0) (9.5) 39.8
(Increase) decrease in other assets (24.4) (24.4) 32.2
Increase (decrease) in accrued taxes 6.7 (0.2) 5.7
Increase (decrease) in accrued expenses and other liabilities 50.5 (85.9)  
NET CASH PROVIDED BY OPERATING ACTIVITIES 411.1 253.7 297.8
INVESTING ACTIVITIES      
Capital expenditures (128.5) (127.5) (96.7)
Proceeds from the disposition of assets 2.5 0.7 2.2
Proceeds from sale of discontinued operation 12.2 130.0  
Cost of acquisitions, net of cash acquired (652.8) (147.3) (302.0)
Other investing activities   (7.0) (0.2)
NET CASH USED IN INVESTING ACTIVITIES (766.6) (151.1) (396.7)
FINANCING ACTIVITIES      
Increase (decrease) in short-term debt 0.8 (6.2) 1.3
Issuance of long-term debt 1,748.9 1,057.0 220.0
Repayment of long-term debt (1,250.0) (737.0) (190.0)
Proceeds from the exercise of stock options 28.9 28.9 50.7
Excess tax benefit from the exercise of stock-based compensation 30.7 29.2 26.8
Dividends to stockholders (89.5) (77.4) (49.9)
Treasury stock purchases (51.7) (439.8) (52.1)
Other financing activities, net (1.2) (2.2) (2.7)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 416.9 (147.5) 4.1
Effect of foreign exchange rate changes on cash (14.8) (4.6) 0.2
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 46.6 (49.5) (94.6)
Cash and cash equivalents at beginning of year 191.9 241.4 336.0
Cash and cash equivalents at end of year 238.5 191.9 241.4
Cash paid during the year for:      
External interest 26.0 9.6 6.7
Income taxes paid directly to taxing authorities 102.2 109.1 89.4
Income taxes (received from) paid to Fortune Brands, Inc. 2.0   (1.2)
Dividends declared but not paid $ 25.6 $ 22.1 $ 20.0