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Consolidated Statements of Cash Flow - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operations      
Net income $ 34.5 $ 82.8 $ 89.7
Less: Gain (loss) from discontinued operations 0.1 0.0 (0.8)
Income from continuing operations 34.4 82.8 90.5
Non-cash items included in net income:      
Depreciation and amortization 59.5 44.5 41.0
Other Asset Impairment Charges 4.6 21.3 6.7
Deferred Income Taxes and Tax Credits 1.6 (13.5) (6.7)
Pension and other postretirement benefits 3.8 3.8 4.2
Stock-based compensation 7.1 5.8 3.5
Income from equity affiliates (2.5) (4.8) (6.6)
Gain on sale of intangible assets 0.0 (1.8) (4.3)
(Gain) Loss on Disposition of Property Plant Equipment (4.9) 0.0 0.0
Accrued Income Taxes, Noncurrent 36.7 0.0 0.0
Excess Tax (Benefit) Deficit from Share-based Compensation, Operating Activities 0.0 0.2 (0.5)
Cash dividends received from equity affiliates 1.8 3.0 3.9
Other items 0.7 (0.6) 0.1
Changes in operating working capital:      
Accounts receivable (0.9) 3.1 (18.0)
Inventories (6.4) (6.9) 1.3
Prepaid expenses 0.8 (0.5) 1.1
Accounts payable 4.7 (3.7) 6.5
Accrued expenses (3.0) 0.8 3.7
Accrued income taxes (7.1) (3.8) 18.2
Net changes in operating working capital (11.9) (11.0) 12.8
Net cash provided by operating activities of:      
Continuing operations 130.9 129.7 144.6
Discontinued operations 0.1 0.0 0.1
Cash provided by operations 131.0 129.7 144.7
Investing      
Capital spending (37.2) (27.8) (24.2)
Capitalized software costs (3.5) (2.8) (0.9)
Acquisitions, net of cash acquired (291.7) 0.0 (280.6)
Proceeds from Sale of Productive Assets 7.0 0.0 0.0
Other investing 6.9 8.2 (8.0)
Cash used for investing (318.5) (22.4) (313.7)
Financing      
Cash dividends paid to SWM stockholders (51.9) (49.4) (46.9)
Changes in short-term debt 1.5 0.0 (0.4)
Proceeds from issuances of long-term debt 440.5 35.6 488.2
Payments on long-term debt (208.8) (171.0) (338.7)
Payments for debt issuance costs (0.6) 0.0 (7.4)
Purchases of common stock (1.2) (0.7) (2.9)
Excess tax (deficit) benefit of stock-based awards 0.0 (0.2) 0.5
Cash provided by (used in) financing 179.5 (185.7) 92.4
Effect of exchange rate changes on cash and cash equivalents 7.5 (0.7) (27.2)
Decrease in cash and cash equivalents (0.5) (79.1) (103.8)
Cash and cash equivalents at beginning of period 107.4 186.5 290.3
Cash and cash equivalents at end of period $ 106.9 $ 107.4 $ 186.5