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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net Income $ 55.7 $ 40.3
Non-cash pre-tax expense:    
Depreciation 24.3 20.5
Amortization 6.5 3.5
Stock-based compensation 7.4 5.6
Recognition of actuarial losses 0.9  
Deferred income taxes (25.1) 7.5
Restructuring charges   1.0
Amortization of deferred financing fees 0.4  
Changes in assets and liabilities:    
Increase in accounts receivable (20.5) (1.4)
Increase in inventories (40.5) (44.5)
Increase (decrease) in accounts payable 31.9 (8.6)
Decrease (increase) in other assets 16.8 (23.9)
Decrease in accrued expenses and other liabilities (92.2) (68.8)
Increase in accrued taxes 14.0 2.1
Net cash used in operating activities (20.4) (66.7)
Investing activities    
Capital expenditures (43.8) (24.6)
Cost of acquisition, net of cash acquired   (6.3)
Proceeds from the disposition of assets   0.3
Net cash used in investing activities (43.8) (30.6)
Financing activities    
Increase in short-term debt, net 2.0  
Issuance of long-term debt 450.0 155.0
Repayment of long-term debt (0.9) (65.0)
Proceeds from the exercise of stock options 4.9 8.9
Treasury stock purchases (362.7) (0.4)
Excess tax benefit from the exercise of stock-based compensation 5.8 14.2
Dividends to stockholders (24.4) (22.3)
Other financing, net (1.2)  
Net cash provided by financing activities 73.5 90.4
Effect of foreign exchange rate changes on cash 5.8 (5.6)
Net increase (decrease) in cash and cash equivalents 15.1 (12.5)
Cash and cash equivalents at beginning of period 238.5 191.9
Cash and cash equivalents at end of period $ 253.6 $ 179.4