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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net income $ 344.7 $ 309.5
Non-cash pre-tax expense (income):    
Depreciation 72.7 69.3
Amortization 23.6 20.4
Stock-based compensation 32.7 24.3
Recognition of actuarial (gains) losses (1.3) 1.9
Deferred income taxes 8.2 (23.0)
Loss on sale of product line 2.4  
Asset impairment charges 3.2  
Amortization of deferred financing costs 1.5 3.0
Loss on sale of property, plant and equipment 0.3 1.2
Changes in assets and liabilities:    
Increase in accounts receivable (34.5) (53.1)
(Increase) decrease in inventories (60.7) 22.6
(Decrease) increase in accounts payable (3.5) 28.7
Increase in other assets (28.0) (11.6)
Decrease in accrued expenses and other liabilities (23.9) (12.0)
Increase (decrease) in accrued taxes 15.2 (0.6)
Net cash provided by operating activities 352.6 380.6
Investing activities    
Capital expenditures [1] (95.5) (106.1)
Proceeds from the sale of assets 0.2 2.3
Proceeds from sale of product line 1.5  
Cost of acquisitions, net of cash acquired (19.4) (230.5)
Net cash used in investing activities (113.2) (334.3)
Financing activities    
Decrease in short-term debt, net   (1.0)
Issuance of long-term debt 375.0 880.0
Repayment of long-term debt (345.0) (465.0)
Proceeds from the exercise of stock options 25.8 24.8
Treasury stock purchases (173.7) (362.7)
Employee withholding taxes paid related to stock-based compensation (10.2) (9.8)
Deferred acquisition payment (12.4)  
Dividends to stockholders (82.7) (73.7)
Other financing, net (0.3) (2.1)
Net cash used in financing activities (223.5) (9.5)
Effect of foreign exchange rate changes on cash 9.7 3.3
Net increase in cash and cash equivalents 25.6 40.1
Cash and cash equivalents at beginning of period 251.5 238.5
Cash and cash equivalents at end of period $ 277.1 $ 278.6
[1] Capital expenditures of $11.3 million and $4.7 million that have not been paid as of September 30, 2017 and 2016, respectively, were excluded from the Statements of Cash Flows.