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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities    
Net income $ 256.9 $ 244.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 120.4 105.9
Impairment charges 0.8 0.6
Loss on sale of assets (1.0) 0.2
City Area Code (0.4) 0.0
Deferred income tax provision 1.7 2.2
Stock-based compensation expense 20.7 25.5
Pension and other postretirement expense 23.2 8.5
Pension contributions and other postretirement benefit payments 37.1 12.4
Operating Lease, Expense 27.7 0.0
Operating Lease, Payments (26.8) 0.0
Changes in operating assets and liabilities:    
Accounts receivable (6.4) (65.7)
Increase (Decrease) in Unbilled Receivables (35.0) (37.6)
Inventories 37.8 (94.3)
Accounts payable, trade 7.4 9.9
Other accrued expenses 28.7 (10.2)
Income taxes (9.0) 0.5
Other, net (0.6) 17.0
Net Cash Provided by Operating Activities 354.8 195.0
Investing Activities    
Capital expenditures 82.9 62.8
Acquisitions, net of cash received 82.7 765.4
Proceeds from divestitures 0.0 14.0
Other 3.4 3.9
Net Cash Used by Investing Activities (162.2) (810.3)
Financing Activities    
Cash dividends paid to shareholders (63.8) (64.2)
Purchase of treasury shares (56.1) (63.0)
Assets for Plan Benefits, Defined Benefit Plan 9.9 12.7
Payment, Tax Withholding, Share-based Payment Arrangement 9.3 5.4
Proceeds from Accounts Receivable Securitization 25.0 145.2
Repayments of Accounts Receivable Securitization 0.0 114.9
Proceeds from Issuance of Long-term Debt 451.0 1,286.1
Payments on long-term debt (481.7) (533.1)
Payments of Financing Costs 1.9 0.9
Short-term debt activity, net (10.2) (3.9)
Proceeds from (Payments for) Other Financing Activities (0.3) (1.3)
Net Cash Used by Financing Activities (137.4) 657.3
Effect of exchange rate changes on cash (6.4) (12.4)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 48.8 29.6
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 181.9 155.0
Gain (Loss) on Disposition of Business $ 0.0 $ 0.6