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Condensed Consolidated Statements of Cash Flow - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating    
Net income $ 37.9 $ 46.3
Less: Loss from discontinued operations 0.0 (0.4)
Income from continuing operations 37.9 46.7
Non-cash items included in net income:    
Depreciation and amortization 28.9 31.0
Restructuring-related impairment 0.0 0.2
Deferred income tax (0.7) 2.3
Pension and other postretirement benefits 1.3 2.0
Stock-based compensation 2.5 2.5
Loss from equity affiliates 0.9 0.8
Brazil tax assessment accruals, net (Note 13) 10.9 0.0
Other items 0.9 1.1
Changes in operating working capital, net of assets acquired:    
Accounts receivable (12.2) (19.1)
Inventories (2.6) (5.4)
Prepaid expenses (1.9) (2.1)
Accounts payable (2.2) 4.5
Accrued expenses (4.9) (7.3)
Accrued income taxes (3.8) (1.3)
Net changes in operating working capital (27.6) (30.7)
Net cash provided by operating activities of:    
- Continuing operations 55.0 55.9
- Discontinued operations 0.0 0.2
Net cash provided by operations 55.0 56.1
Investing    
Capital spending (15.2) (13.7)
Capitalized software costs (2.8) (0.6)
Other investing 0.8 (0.7)
Net cash used in investing (17.2) (15.0)
Financing    
Cash dividends paid to SWM stockholders (27.2) (26.4)
Changes in short-term debt (0.1) (1.5)
Proceeds from issuances of long-term debt 0.1 0.8
Payments on long-term debt (15.3) (41.5)
Purchases of common stock (1.0) (2.7)
Net cash used in financing (43.5) (71.3)
Effect of exchange rate changes on cash and cash equivalents (0.3) (2.8)
Decrease in cash and cash equivalents (6.0) (33.0)
Cash and cash equivalents at beginning of period 93.8 106.9
Cash and cash equivalents at end of period 87.8 73.9
Supplemental Cash Flow Disclosures    
Cash paid for interest, net 15.5 13.5
Cash paid for taxes, net 13.6 14.5
Change in capital spending in accounts payable and accrued liabilities $ 3.7 $ 1.8