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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net income $ 327.3 $ 304.5
Non-cash pre-tax expense:    
Depreciation 82.7 83.6
Amortization of intangible assets 30.0 25.3
Non-cash lease expense 26.5  
Stock-based compensation 22.9 31.9
Recognition of actuarial losses 2.1 0.3
Deferred taxes (1.8) (11.4)
Asset impairment charges 31.2 27.1
Amortization of deferred financing fees 2.4 1.5
(Gain) loss on sale of property, plant and equipment (1.0) 1.9
Changes in assets and liabilities:    
Increase in accounts receivable (68.4) (52.0)
Increase in inventories (81.2) (50.8)
(Decrease) increase in accounts payable (11.1) 6.4
Increase in other assets (18.3) (19.6)
Increase (decrease) in accrued expenses and other liabilities 6.0 (7.3)
Increase in accrued taxes 4.5 2.3
Net cash provided by operating activities 353.8 343.7
Investing activities    
Capital expenditures [1] (82.4) (106.5)
Proceeds from the disposition of assets 4.2 1.3
Cost of acquisition, net of cash acquired   (466.0)
Other investing activities, net 0.1 2.8
Net cash used in investing activities (78.1) (568.4)
Financing activities    
(Decrease) increase in short-term debt (525.0) 525.0
Issuance of long-term debt 1,494.3 2,091.2
Repayment of long-term debt (955.0) (1,610.0)
Proceeds from the exercise of stock options 6.9 4.1
Treasury stock purchases (100.0) (602.7)
Employee withholding taxes related to stock-based compensation (8.5) (13.6)
Deferred acquisition payments (19.0)  
Dividends to stockholders (92.3) (87.1)
Other financing, net (3.3) 0.5
Net cash (used in) provided by financing activities (201.9) 307.4
Effect of foreign exchange rate changes on cash (1.2) (7.8)
Net increase in cash and cash equivalents 72.6 74.9
Cash, cash equivalents and restricted cash at beginning of period [2] 270.7 323.0
Cash, cash equivalents and restricted cash at end of period [2] $ 343.3 $ 397.9
[1] Capital expenditures of $9.0 million and $9.1 million that had not been paid as of September 30, 2019 and 2018, respectively, were excluded from the Statement of Cash Flows.
[2] Restricted cash of $0.8 million and $6.3 million is included in Other current assets and Other assets, respectively, as of September 30, 2019 and restricted cash of $0.9 million and $7.1 million is included in Other current assets and Other assets, respectively, as of September 30, 2018.  Restricted cash of $0.9 million and $6.9 million is included in Other current assets and Other assets, respectively, as of December 31, 2018.