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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Statement Of Cash Flows [Abstract]      
Net earnings available to common stockholders $ 486.4 $ 335.4 [1],[2] $ 258.1 [1],[2],[3]
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities      
Depreciation and amortization 214.0 213.3 [1],[2] 266.7 [1],[2],[3]
Share-based incentive compensation 59.9 61.2 [1],[2] 54.1 [1],[2],[3]
Profit sharing expense 24.6 36.0 [1],[2] 36.7 [1],[2],[3]
Loss on debt redemption and refinancing activities 0.1 110.0 [1],[2] 102.5 [1],[2],[3]
Remeasurement loss related to Venezuelan subsidiaries 3.4 33.1 [1],[2] 20.4 [1],[2],[3]
Development grant matter [1],[2],[3]     14.0
Impairment of equity method investment [1],[2],[3]     5.7
Asset impairment [1],[2],[3]     4.0
Provisions for bad debt 4.3 5.8 [1],[2] 8.0 [1],[2],[3]
Provisions (recovery) for inventory obsolescence 6.4 (0.2) [1],[2] 9.2 [1],[2],[3]
Gain from Claims Settlement [1],[2],[3]     (21.1)
Deferred taxes, net (61.7) (22.6) [1],[2] 146.2 [1],[2],[3]
Excess tax benefit from Common stock issued in the Settlement agreement [1],[2]   (46.2) (37.7) [3]
Net loss (gain) on disposals of property and equipment and other 0.9 (3.3) [1],[2] 0.8 [1],[2],[3]
Other non-cash items, net (8.4) 4.9 [1],[2] 0.4 [1],[2],[3]
Changes in operating assets and liabilities:      
Trade receivables, net (33.9) 36.7 [1],[2] (27.8) [1],[2],[3]
Inventories (17.1) (38.3) [1],[2] (48.7) [1],[2],[3]
Accounts payable 228.0 81.4 [1],[2] 140.1 [1],[2],[3]
Income tax receivable 7.3 32.2 [1],[2] (214.6) [1],[2],[3]
Settlement agreement and related items [1],[2]   235.2 (929.7) [3]
Other assets and liabilities (55.2) (67.9) [1],[2] (6.1) [1],[2],[3]
Net cash provided by (used in) operating activities 906.9 982.1 [1],[2] (218.8) [1],[2],[3]
Charge related to Venezuelan subsidiaries [4] (46.0)    
(Gain) loss on sale of business (1.9) 24.6 [1],[2]  
Cash flows from investing activities:      
Capital expenditures (275.7) (184.0) [1],[2] (153.9) [1],[2],[3]
Proceeds from sale of businesses 7.8 94.6 [1],[2]  
Businesses acquired in purchase transactions, net of cash and cash equivalents acquired (5.8) (27.5) [1],[2] (3.6) [1],[2],[3]
Proceeds from sales of property, equipment and other assets 4.9 32.9 [1],[2] 16.1 [1],[2],[3]
Settlement of foreign currency forward contracts (46.0) 24.0 [1],[2] 15.1 [1],[2],[3]
Net cash used in investing activities (314.8) (60.0) [1],[2] (126.3) [1],[2],[3]
Cash flows from financing activities:      
Net (payments) proceeds from short-term borrowings (154.2) 111.2 [1],[2] 79.1 [1],[2],[3]
Cash used as collateral on borrowing arrangements 3.6 (20.5) [1],[2] (36.2) [1],[2],[3]
Proceeds from long-term debt [1],[2]   855.0 2,282.6 [3]
Payments of long-term debt (27.1) (754.3) [1],[2] (2,290.6) [1],[2],[3]
Excess tax benefit from common stock issued in the Settlement agreement [1],[2]   46.2 37.7 [3]
Dividends paid on common stock (121.6) (106.8) [1],[2] (110.9) [1],[2],[3]
Repurchases of common stock (217.0) (802.0) [1],[2] (184.0) [1],[2],[3]
Payments for debt issuance costs [1],[2]   (8.8) (24.3) [3]
Payments for debt extinguishment costs (0.1) (99.4) [1],[2] (74.7) [1],[2],[3]
Acquisition of common stock for tax withholding (30.7) (9.3) [1],[2] (3.0) [1],[2],[3]
Other financing activities 6.2   3.1 [1],[2],[3]
Net cash used in financing activities [5] (540.9) (788.7) [1],[2] (321.2) [1],[2],[3]
Effect of foreign currency exchange rate changes on cash and cash equivalents (39.2) (60.4) [1],[2] (37.4) [1],[2],[3]
Net change in cash and cash equivalents 12.0 73.0 [1],[2] (703.7) [1],[2],[3]
Balance, beginning of period [1],[2] 351.7 [6],[7] 278.7 [3] 982.4 [3]
Net change during the period 12.0 73.0 [1],[2] (703.7) [1],[2],[3]
Balance, end of period 363.7 [7] 351.7 [1],[2],[6],[7] 278.7 [1],[2],[3]
Supplemental Cash Flow Information:      
Interest payments, net of amounts capitalized 215.1 229.7 [1],[2] 710.4 [1],[2],[3]
Income tax payments 125.8 101.6 [1],[2] 85.1 [1],[2],[3]
Stock appreciation rights payments (less amounts included in restructuring payments) 1.9 20.7 [1],[2] 21.1 [1],[2],[3]
Restructuring payments including associated costs 66.1 98.3 [1],[2] 108.1 [1],[2],[3]
Non-cash items:      
Transfers of shares of our common stock from treasury for our 2015, 2014, and 2013 profit-sharing plan contributions $ 37.6 $ 36.7 [1],[2] 33.2 [1],[2],[3]
Transfer of shares of our common stock as part of the funding of the Settlement agreement [1],[2],[3]     $ 1.8
[1] Certain amounts related to external payment terms were misclassified in the Consolidated Balance Sheet as of December 31, 2015 and 2014. The revision of this item resulted in a decrease in accounts payable and an increase in short-term borrowings in each year. Additionally, due to changes in the accounting treatment of a factoring agreement the Company reclassified amounts from cash and cash equivalents to other receivables for the years ended December 31, 2015 and 2014. See Note 2 “Summary of Significant Accounting Policies and Recently Issued Accounting Standards” of the Notes to Consolidated Financial Statements under the heading “Reclassifications and Revisions” for further discussion of the revisions.
[2] During the first quarter of 2015, the Company received the tax refund of $235.2 million related to the Settlement agreement payment. During the first quarter of 2014, we used $929.7 million of cash to fund the cash portion of the Settlement agreement and related accrued interest. We recorded an excess tax benefit of $46.2 million as an out-of-period adjustment in December 2015 and $37.7 million in December 2014 related to the 18 million shares of Common Stock issued in connection with the Settlement agreement. See Note 16 “Income Taxes” of the Notes to Consolidated Financial Statements for further discussion of the out-of-period adjustment.
[3] Interest payments in 2014 include $416.6 million related to the Settlement agreement.
[4] Due to the ongoing challenging economic situation in Venezuela, the Company approved a program in the second quarter of 2016 to cease operations in the country. Refer to Note 2, “Summary of Significant Accounting Policies and Recently Issued Accounting Standards” under the “Impact of Inflation and Currency Fluctuation” section of the Notes to the Consolidated Financial Statements for further details
[5] The Company early adopted ASU 2016-09 on a retrospective basis related to the classification of excess tax benefits on the Statement of Cash Flows, effective January 1, 2016, which resulted in an increase in operating cash flow of $6.8 million and a decrease in financing activities of $6.8 million for the year ended December 31, 2016 and an increase in operating cash flow of $13.1 million and a decrease in financing activities of $13.1 million for the year ended December 31, 2015. There was no impact on the year ended December 31, 2014. Refer to Note 2, “Summary of Significant Accounting Policies and Recently Issued Accounting Standards” of the Notes to the Consolidated Financial Statements for further details
[6] As of January 1, 2016, we have adopted ASU 2015-03 and ASU 2015-15 with retrospective application. This resulted in a reclassification from other non-current assets to long-term debt, less current portion for debt issuance costs as of December 31, 2015. Refer to Note 2, “Summary of Significant Accounting Policies and Recently Issued Accounting Standards” of the Notes to the Consolidated Financial Statements for further details.
[7] Property and equipment, net, and other non-current liabilities as of December 31, 2015, have been revised to properly reflect asset retirement obligations. This resulted in an increase to property and equipment, net and other non-current liabilities of $15.0 million. Certain amounts related to external payment terms were misclassified in the Consolidated Balance Sheet. The revision of this item resulted in a decrease in accounts payable and an increase in short-term borrowings of $6.3 million as of December 31, 2015. Additionally, due to changes in the accounting treatment of a factoring agreement the Company reclassified $6.7 million from cash and cash equivalents to other receivables. See Note 2 “Summary of Significant Accounting Policies and Recently Issued Accounting Standards” of the Notes to Consolidated Financial Statements under the heading “Reclassifications and Revisions” for further discussion of the revisions.