XML 16 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income $ 94.5 $ 31.7 $ 149.5 $ 42.0
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 29.6 28.5 60.2 56.4
Equity in income of unconsolidated affiliates, including dividends (0.4) (0.2) (1.0) 0.3
(Gain) loss on sale or impairment of long-lived assets, net (3.1) 0.7 (2.5) 0.7
Other operating credits and charges, net 2.0 11.4 5.4 11.4
Stock-based compensation related to stock plans 1.9 3.2 6.0 6.2
Exchange (gain) loss on remeasurement 1.5 (0.8) 1.7 (0.7)
Cash settlements of warranties, net of accruals (2.4) (3.3) (5.6) (6.8)
Pension expense, net of contributions (2.1) 1.0 (0.7) 1.4
Nonash interest (income) expense 0.1 (0.2) 0.2 0.2
Other Operating Activities, Cash Flow Statement (0.6) (0.4) (0.3) (0.7)
Increase in receivables (5.1) (3.3) (44.8) (51.1)
Increase (decrease) in inventories 37.8 18.9 13.0 (8.0)
Increase in prepaid expenses (2.7) (3.7) (3.3) (2.6)
Increase (decrease) in accounts payable and accrued liabilities 14.6 10.3 (5.3) 36.3
Increase in income taxes (24.8) 15.3 (10.9) 19.2
Net cash provided by operating activities 140.8 109.1 161.6 104.2
CASH FLOWS FROM INVESTING ACTIVITIES:        
Property, plant, and equipment additions (19.6) (24.8) (45.7) (51.1)
Proceeds from sales of assets 3.2 0.1 3.2 0.1
Increase in restricted cash under letters of credit/credit facility 0.0 0.3 0.0 0.3
Payment of long-term deposit (32.0) 0.0 (32.0) 0.0
Other investing activities (0.1) (0.3) 0.0 (0.2)
Net cash used in investing activities (48.5) (25.3) (74.5) (51.5)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Repayment of long-term debt (0.1) (6.8) (1.3) (7.9)
Sale of common stock, net of cash payments under equity plans (0.8) (0.2) (0.4) (0.1)
Taxes paid related to net share settlement of equity awards (0.1) (7.2) (4.8) (8.1)
Net cash used in financing activities (1.0) (14.2) (6.5) (16.1)
EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS (0.8) 1.0 0.1 3.5
Net increase in cash and cash equivalents 90.5 70.6 80.7 40.1
Cash and cash equivalents at beginning of period 649.5 $ 404.2 659.3 $ 434.7
Cash and cash equivalents at end of period $ 740.0   $ 740.0