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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities    
Net Income $ 186.1 $ 119.7
Non-cash pre-tax expense:    
Depreciation 46.7 41.6
Amortization 13.1 8.6
Stock-based compensation 16.4 13.6
Recognition of actuarial losses 0.9  
Deferred income taxes (25.0) 1.2
Restructuring charges (0.1) 1.0
Amortization of deferred financing costs 2.0 0.1
Changes in assets and liabilities:    
Increase in accounts receivable (59.5) (68.0)
Increase in inventories (11.8) (52.0)
Increase (decrease) in accounts payable 35.2 (1.4)
Increase in other assets (11.5) (13.8)
Decrease in accrued expenses and other liabilities (41.0) (16.3)
Increase in accrued taxes 13.5 21.1
Net cash provided by operating activities 165.0 55.4
Investing activities    
Capital expenditures [1] (74.7) (54.6)
Proceeds from the disposition of assets 0.3 0.4
Cost of acquisitions, net of cash acquired (81.2) (652.5)
Net cash used in investing activities (155.6) (706.7)
Financing activities    
Increase in short-term debt, net 2.4  
Issuance of long-term debt 665.0 1,748.9
Repayment of long-term debt (235.0) (1,031.3)
Proceeds from the exercise of stock options 14.5 13.1
Treasury stock purchases (362.7) (0.4)
Excess tax benefit from the exercise of stock-based compensation   16.4
Employee withholding taxes paid related to stock-based compensation (9.0) (13.6)
Dividends to stockholders (49.0) (44.6)
Other financing, net   (1.2)
Net cash provided by financing activities 26.2 687.3
Effect of foreign exchange rate changes on cash 4.6 (4.4)
Net increase in cash and cash equivalents 40.2 31.6
Cash and cash equivalents at beginning of period 238.5 191.9
Cash and cash equivalents at end of period $ 278.7 $ 223.5
[1] Capital expenditures of $12.1 million and $1.4 million that have not been paid during the six months ended June 30, 2016 and 2015, respectively, were excluded from the Statements of Cash Flows.