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Condensed Consolidated Statements of Cash Flow - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating    
Net income $ 87.3 $ 61.8
Less: (Loss) income from discontinued operations (0.3) 0.1
Income from continuing operations 87.6 61.7
Non-cash items included in net income:    
Depreciation and amortization 46.8 46.7
Restructuring-related impairment 0.2 0.8
Deferred income tax provision 3.0 2.4
Pension and other postretirement benefits 2.8 2.5
Stock-based compensation 3.7 4.5
Loss (income) from equity affiliates 0.5 (0.4)
Gain on sale of assets 0.0 (4.8)
Long-term income tax payable (12.0) 0.0
Change in fair value of contingent consideration (10.2) 0.0
Cash dividends received from equity affiliates 2.0 1.8
Other items (0.1) (0.2)
Changes in operating working capital, net of assets acquired:    
Accounts receivable (23.7) (16.7)
Inventories (3.2) 1.4
Prepaid expenses (0.3) (0.6)
Accounts payable 1.7 1.2
Accrued expenses (4.3) (0.2)
Accrued income taxes (1.5) (6.9)
Net changes in operating working capital (31.3) (21.8)
Net cash provided by operating activities of:    
- Continuing operations 93.0 93.2
- Discontinued operations 0.2 0.1
Net cash provided by operations 93.2 93.3
Investing    
Capital spending (19.8) (27.5)
Capitalized software costs (1.1) (2.6)
Acquisitions, net of cash acquired 0.0 (291.7)
Proceeds from sale of assets 0.0 7.0
Other investing 2.6 5.6
Net cash used in investing (18.3) (309.2)
Financing    
Cash dividends paid to SWM stockholders (39.7) (38.7)
Changes in short-term debt (1.4) 0.0
Proceeds from issuances of long-term debt 636.1 440.4
Payments on long-term debt (676.9) (196.2)
Purchases of common stock (2.8) (1.1)
Payments for debt issuance costs (3.4) (0.6)
Net cash (used in) provided by financing (88.1) 203.8
Effect of exchange rate changes on cash and cash equivalents (3.2) 5.3
Increase (decrease) in cash and cash equivalents (16.4) (6.8)
Cash and cash equivalents at beginning of period 106.9 107.4
Cash and cash equivalents at end of period 90.5 100.6
Supplemental Cash Flow Disclosures    
Cash paid for interest 20.6 15.2
Cash paid for taxes, net 20.6 30.8
Change in capital spending in accounts payable and accrued liabilities 0.5 4.4
Deferred contingent business acquisition consideration $ 0.0 $ 8.6