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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operations    
Net income $ 42.2 $ 48.2
Less: Loss from discontinued operations (1.1) 0.0
Income from Continuing Operations 43.3 48.2
Non-cash items included in net income:    
Depreciation and amortization 19.5 23.6
Restructuring-Related Impairment Costs 3.5 0.0
Deferred income tax provision 0.9 2.9
Pension and other postretirement benefits 2.3 2.1
Stock-based compensation 1.6 3.0
Income from equity affiliates (4.2) (0.9)
Gain (Loss) on Disposition of Intangible Assets (4.3) 0.0
Excess tax benefits of stock-based awards (0.5) (0.6)
Proceeds from Equity Method Investment, Dividends or Distributions 3.9 4.4
Other items 0.5 (2.1)
Changes in operating working capital:    
Accounts receivable (17.9) (16.5)
Inventories (4.4) (0.9)
Prepaid expenses (0.7) (0.9)
Accounts payable (1.6) 3.8
Accrued expenses (0.7) (5.6)
Accrued income taxes 14.2 (4.0)
Net changes in operating working capital (11.1) (24.1)
Net cash provided by operating activities of:    
- Continuing operations 55.4 56.5
- Discontinued operations 0.3 0.9
Net Cash Provided by Operations 55.7 57.4
Investing    
Capital spending (9.1) (15.1)
Capitalized software costs (0.5) (0.2)
Acquisitions, net of cash acquired (0.4) (2.4)
Investment in equity affiliates 0.0 (8.8)
Other investing 2.4 (1.5)
Net Cash Used in Investing (7.6) (28.0)
Financing    
Cash dividends paid to SWM stockholders (23.1) (22.0)
Changes in short-term debt 0.3 0.2
Proceeds from issuances of long-term debt 27.4 210.0
Payments on long-term debt (62.0) (146.2)
Purchases of common stock (2.9) (52.6)
Excess tax benefits of stock-based awards 0.5 0.6
Net Cash Used in Financing (59.8) (10.0)
Effect of exchange rate changes on cash and cash equivalents (20.9) 0.0
Increase in cash and cash equivalents (32.6) 19.4
Cash and cash equivalents at beginning of period 290.3 272.0
Cash and cash equivalents at end of period 257.7 291.4
Supplemental Cash Flow Disclosures    
Cash paid for interest 3.7 2.6
Income Taxes Paid (4.0) 9.7
Accrued Capital Spending $ 2.6 $ 1.9