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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES      
Net income $ 413.2 $ 315.5 $ 159.3
Non-cash expense (income):      
Depreciation 94.6 93.5 82.9
Amortization of intangibles 28.1 21.6 15.9
Stock-based compensation 32.0 27.6 29.7
Restructuring charges (0.1) 1.0 2.5
Loss (gain) on sale of property, plant and equipment 1.2 (0.5) 0.9
Loss on sale of discontinued operation   16.7 83.2
Asset impairment charges     10.7
Actuarial loss (gain) 1.9 8.6 13.7
Deferred taxes (25.8) (13.6) 0.3
Amortization of deferred financing costs 3.6 0.6  
Changes in assets and liabilities including effects subsequent to acquisitions:      
Increase in accounts receivable (39.1) (6.9) (39.9)
Decrease (increase) in inventories 52.4 (69.8) 14.5
Increase (decrease) in accounts payable 57.6 (16.0) (9.5)
Decrease (increase) in other assets 10.7 (24.4) (24.4)
Increase (decrease) in accrued taxes 0.3 6.7 (0.2)
Increase (decrease) in accrued expenses and other liabilities 19.9 68.6 (73.4)
NET CASH PROVIDED BY OPERATING ACTIVITIES 650.5 429.2 266.2
INVESTING ACTIVITIES      
Capital expenditures (149.3) (128.5) (127.5)
Proceeds from the disposition of assets 3.9 2.5 0.7
Proceeds from sale of discontinued operation   12.2 130.0
Cost of acquisitions, net of cash acquired (239.7) (652.8) (147.3)
Other investing activities     (7.0)
NET CASH USED IN INVESTING ACTIVITIES (385.1) (766.6) (151.1)
FINANCING ACTIVITIES      
(Decrease) increase in short-term debt (1.1) 0.8 (6.2)
Issuance of long-term debt 1,065.0 1,748.9 1,057.0
Repayment of long-term debt (805.0) (1,250.0) (737.0)
Proceeds from the exercise of stock options 25.5 28.9 28.9
Excess tax benefit from the exercise of stock-based compensation   30.7 29.2
Employee withholding taxes paid related to stock-based compensation (10.1) (18.1) (12.5)
Dividends to stockholders (98.2) (89.5) (77.4)
Treasury stock purchases (424.5) (51.7) (439.8)
Other financing activities, net (2.0) (1.2) (2.2)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (250.4) 398.8 (160.0)
Effect of foreign exchange rate changes on cash (2.0) (14.8) (4.6)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 13.0 46.6 (49.5)
Cash and cash equivalents at beginning of year 238.5 191.9 241.4
Cash and cash equivalents at end of year 251.5 238.5 191.9
Cash paid during the year for:      
Interest 43.7 26.0 9.6
Income taxes paid directly to taxing authorities 172.1 102.2 109.1
Income taxes (received from) paid to Fortune Brands, Inc. (0.6) 2.0  
Dividends declared but not paid $ 27.6 $ 25.6 $ 22.1