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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash provided (required) by operating activities of continuing operations:    
Net income (loss) $ 7.3 $ 195.3
Discontinued operations 157.3 (74.0)
Income (loss) from continuing operations 164.6 121.3
Adjustments from income from continuing operations to cash provided (required) by operating activities of continuing operations:    
Depreciation and amortization 71.2 75.2
Equity in (earnings) loss of affiliates (0.2) (0.4)
Restructuring and other charges (income) 22.3 32.7
Deferred income taxes 4.6 6.5
Pension and other postretirement benefits (6.3) 9.1
Share-based compensation 16.3 15.6
Excess tax benefits from share-based compensation 0.0 (0.5)
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
Trade receivables, net 286.8 245.6
Guarantees of vendor financing (48.5) 14.0
Inventories (108.1) (36.2)
Accounts payable, trade and other 104.6 (20.7)
Advance payments from customers (233.6) (244.9)
Accrued customer rebates 123.6 160.2
Income taxes (4.3) (10.1)
Pension and other postretirement benefit contributions (51.1) (40.7)
Environmental spending, continuing, net of recoveries (11.5) (19.8)
Restructuring and other spending (4.2) (11.5)
Acquisition-related charges (35.2) (16.8)
Change in other operating assets and liabilities, net [1] (18.5) (12.1)
Cash provided (required) by operating activities of continuing operations 272.5 266.5
Cash provided (required) by operating activities of discontinued operations:    
Environmental spending, discontinued, net of recoveries (19.2) (13.2)
Other discontinued spending (22.4) (14.6)
Operating activities of discontinued operations, net of divestiture costs 88.6 149.4
Cash provided (required) by operating activities of discontinued operations 47.0 121.6
Cash provided (required) by investing activities of continuing operations:    
Capital expenditures (37.3) (75.2)
Proceeds from disposal of property, plant and equipment 1.6 1.9
Other investing activities (34.3) (1.6)
Cash provided (required) by investing activities of continuing operations (70.0) (74.9)
Cash provided (required) by investing activities of discontinued operations:    
Proceeds from divestitures 38.0 0.0
Other discontinued investing activities (17.8) (22.3)
Cash provided (required) by investing activities of discontinued operations 20.2 (22.3)
Cash provided (required) by financing activities of continuing operations:    
Increase (decrease) in short-term debt 14.1 (50.4)
Repayments of long-term debt (301.9) (126.3)
Financing fees (11.0) (0.7)
Proceeds from borrowings of long-term debt 103.3 2.1
Issuances of common stock, net 20.1 2.4
Excess tax benefits from share-based compensation 0.0 0.5
Transactions with noncontrolling interests (0.5) 0.0
Dividends paid [2] (66.6) (66.4)
Other repurchases of common stock (1.8) (1.6)
Cash provided (required) by financing activities of continuing operations (244.3) (240.4)
Effect of exchange rate changes on cash and cash equivalents 4.2 1.6
Increase (decrease) in cash and cash equivalents 29.6 52.1
Cash and cash equivalents, beginning of period 64.2 78.6
Cash and cash equivalents, end of period $ 93.8 $ 130.7
[1] Changes in all periods primarily represent timing of payments associated with all other operating assets and liabilities.
[2] See Note 13 regarding quarterly cash dividend.