XML 45 R8.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows From Operations    
Net earnings $ 19.7 $ 114.8
Adjustments to reconcile net earnings to cash used for operating activities of continuing operations:    
Discontinued operations, net of income taxes (0.1) 1.5
Depreciation 51.4 50.7
Amortization of intangible assets 25.8 26.4
Amortization of deferred financing fees 3.2 3.3
Deferred income taxes 4.1 (14.3)
Loss on early debt extinguishment 0.0 6.2
(Gain) loss on sale of property, plant and equipment 0.2 (3.1)
Loss on sale of discontinued operations 0.0 11.0
Other 8.9 0.7
Changes in operating assets and liabilities, excluding effects of business acquisitions and divestitures:    
Accounts receivable (43.5) (56.3)
Inventories (111.1) (134.7)
Other assets 3.5 (14.7)
Accounts payable (49.4) (26.6)
Accrued expenses and other liabilities 13.3 (97.1)
Net cash used for operating activities of continuing operations (74.0) (132.2)
Net cash provided by (used for) operating activities of discontinued operations 0.1 (7.2)
Net cash used for operating activities (73.9) (139.4)
Cash Flows from Investing:    
Capital expenditures (41.5) (57.9)
Proceeds from sale of property, plant and equipment 6.3 8.8
Restricted cash 2.6 (12.8)
Net cash used for investing activities (32.6) (61.9)
Cash Flows from Financing:    
Proceeds from revolving credit facility 169.0 204.0
Payments on long-term debt (48.0) (600.0)
Proceeds from long-term debt 2.1 620.9
Payments on notes financing (10.0) (14.8)
Debt issuance costs 0.0 (5.0)
Proceeds from Stock Options Including Excess Tax Benefit 4.0 25.2
Net cash provided by financing activities of continuing operations 117.1 230.3
Net cash used for financing activities of discontinued operations 0.0 (7.2)
Net cash provided by financing activities 117.1 223.1
Effect of exchange rate changes on cash (3.4) (1.9)
Net increase in cash and cash equivalents 7.2 19.9
Balance at beginning of period 68.0 54.9
Balance at end of period $ 75.2 $ 74.8