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Consolidated Statements of Cash Flow - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operations      
Net income $ 94.5 $ 34.5 $ 82.8
Less: (Loss) gain from discontinued operations (0.3) 0.1 0.0
Income from continuing operations 94.8 34.4 82.8
Non-cash items included in net income:      
Depreciation and amortization 61.6 59.5 44.5
Impairments 0.2 4.6 21.3
Deferred income tax provision (benefit) 7.5 1.6 (13.5)
Pension and other postretirement benefits 2.8 3.8 3.8
Stock-based compensation 4.8 7.1 5.8
Loss (income) from equity affiliates 11.3 (2.5) (4.8)
Gain on sale of intangible assets 0.0 0.0 (1.8)
Gain on sale of assets 0.0 (4.9) 0.0
Long-term income tax payable (12.0) 36.7 0.0
Change in fair value of contingent consideration (10.2) 0.0 0.0
Excess tax deficit of stock-based awards     0.2
Cash dividends received from equity affiliates 2.0 1.8 3.0
Other items 0.4 0.7 (0.6)
Changes in operating working capital:      
Accounts receivable (18.3) (0.9) 3.1
Inventories (4.9) (6.4) (6.9)
Prepaid expenses (0.1) 0.8 (0.5)
Accounts payable 8.0 4.7 (3.7)
Accrued expenses (1.0) (3.0) 0.8
Accrued income taxes (8.0) (7.1) (3.8)
Net changes in operating working capital (24.3) (11.9) (11.0)
Net cash provided by operating activities of:      
- Continuing operations 138.9 130.9 129.7
- Discontinued operations 0.2 0.1 0.0
Cash provided by operations 139.1 131.0 129.7
Investing      
Capital spending (27.0) (37.2) (27.8)
Capitalized software costs (2.7) (3.5) (2.8)
Acquisitions, net of cash acquired 0.0 (291.7) 0.0
Proceeds from Sale of Productive Assets 0.0 7.0 0.0
Other investing 2.2 6.9 8.2
Cash used for investing (27.5) (318.5) (22.4)
Financing      
Cash dividends paid to SWM stockholders (53.2) (51.9) (49.4)
Changes in short-term debt, net (1.3) 1.5 0.0
Proceeds from issuances of long-term debt 634.2 440.5 35.6
Payments on long-term debt (694.0) (208.8) (171.0)
Payments for debt issuance costs (3.6) (0.6) 0.0
Purchases of common stock (3.0) (1.2) (0.7)
Excess tax deficit of stock-based awards     (0.2)
Cash (used in) provided by financing (120.9) 179.5 (185.7)
Effect of exchange rate changes on cash and cash equivalents (3.8) 7.5 (0.7)
Decrease in cash and cash equivalents (13.1) (0.5) (79.1)
Cash and cash equivalents at beginning of period 106.9 107.4 186.5
Cash and cash equivalents at end of period $ 93.8 $ 106.9 $ 107.4