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Consolidated Statements of Cash Flow - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operations      
Net income $ 82.8 $ 89.7 $ 89.7
Less: Loss from discontinued operations 0.0 (0.8) 0.0
Income from continuing operations 82.8 90.5 89.7
Non-cash items included in net income:      
Depreciation and amortization 44.5 41.0 45.1
Impairment 21.3 6.7 0.0
Deferred Income Taxes and Tax Credits (13.5) (6.7) 3.3
Pension and other postretirement benefits 3.8 4.2 1.2
Stock-based compensation 5.8 3.5 5.9
Income from equity affiliates (4.8) (6.6) (2.0)
Gain on sale of intangible assets (1.8) (4.3) 0.0
Excess Tax Benefit (Deficit) from Share-based Compensation, Operating Activities 0.2 (0.5) (0.6)
Cash dividends received from equity affiliates 3.0 3.9 4.4
Other items (0.6) 0.1 0.8
Changes in operating working capital:      
Accounts receivable 3.1 (18.0) 13.3
Inventories (6.9) 1.3 14.9
Prepaid expenses (0.5) 1.1 (0.6)
Accounts payable (3.7) 6.5 3.1
Accrued expenses 0.8 3.7 (8.0)
Accrued income taxes (3.8) 18.2 (4.1)
Net changes in operating working capital (11.0) 12.8 18.6
Net cash provided by (used in) operating activities of:      
Continuing operations 129.7 144.6 166.4
Discontinued operations 0.0 0.1 (0.5)
Cash provided by operations 129.7 144.7 165.9
Investing      
Capital spending (27.8) (24.2) (35.1)
Capitalized software costs (2.8) (0.9) (1.0)
Acquisitions, net of cash acquired 0.0 (280.6) (32.6)
Investment in equity affiliates 0.0 0.0 (8.8)
Other investing 8.2 (8.0) 3.0
Cash used for investing (22.4) (313.7) (74.5)
Financing      
Cash dividends paid to SWM stockholders (49.4) (46.9) (44.5)
Changes in short-term debt 0.0 (0.4) (0.4)
Proceeds from issuances of long-term debt 35.6 488.2 228.3
Payments on long-term debt (171.0) (338.7) (170.6)
Payments for debt issuance costs 0.0 (7.4) 0.0
Purchases of common stock (0.7) (2.9) (52.5)
Excess tax (deficit) benefit of stock-based awards (0.2) 0.5 0.6
Cash (used in) provided by financing (185.7) 92.4 (39.1)
Effect of exchange rate changes on cash and cash equivalents (0.7) (27.2) (34.0)
(Decrease) increase in cash and cash equivalents (79.1) (103.8) 18.3
Cash and cash equivalents at beginning of period 186.5 290.3 272.0
Cash and cash equivalents at end of period $ 107.4 $ 186.5 $ 290.3