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Condensed Consolidated Statements of Cash Flow - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating    
Net Income $ 47.1 $ 42.2
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent 0.0 (1.1)
Income from Continuing Operations 47.1 43.3
Non-cash items included in net income:    
Depreciation and amortization 22.1 19.5
Restructuring-related impairment 0.5 3.5
Deferred income tax provision 0.2 0.9
Pension and other postretirement benefits 1.8 2.3
Stock-based compensation 2.7 1.6
Loss (income) from equity affiliates (0.6) (4.2)
Gain on sale of intangible assets (1.8) (4.3)
Excess tax expense (benefits) of stock-based awards 0.2 (0.5)
Proceeds from Equity Method Investment, Dividends or Distributions 0.0 3.9
Other items (1.6) 0.5
Changes in operating working capital:    
Accounts receivable (4.9) (17.9)
Inventories 7.7 (4.4)
Prepaid expenses (1.3) (0.7)
Accounts payable (6.8) (1.6)
Accrued expenses (11.4) (0.7)
Accrued income taxes (1.6) 14.2
Net changes in operating working capital - (use) source (18.3) (11.1)
Net cash provided by (used in) operating activities of:    
Continuing operations 52.3 55.4
Discontinued operations (0.1) 0.3
Net Cash Provided by Operations 52.2 55.7
Investing    
Capital spending (9.7) (9.1)
Capitalized software costs (0.9) (0.5)
Payments to Acquire Businesses, Net of Cash Acquired 0.0 (0.4)
Other investing 1.9 2.4
Net Cash Used in Investing (8.7) (7.6)
Financing    
Cash dividends paid to SWM stockholders (24.4) (23.1)
Changes in short-term debt 0.5 0.3
Proceeds from issuances of long-term debt 31.6 27.4
Payments on long-term debt (96.9) (62.0)
Purchases of common stock (0.6) (2.9)
Excess tax benefits of stock-based awards (0.2) 0.5
Net Cash Used in Financing (90.0) (59.8)
Effect of exchange rate changes on cash and cash equivalents 3.8 (20.9)
Decrease in cash and cash equivalents (42.7) (32.6)
Cash and cash equivalents at beginning of period 186.5 290.3
Cash and cash equivalents at end of period 143.8 257.7
Supplemental Cash Flow Disclosures    
Cash paid for interest 7.4 3.7
Cash paid for taxes, net 18.0 (4.0)
Change in capital spending in accounts payable and accrued liabilities $ 1.8 $ 2.6