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Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Increase in operating cash flow [1] $ 141.3 $ 186.9 [2]
Decrease in financing activities [1] 138.1 96.0 [2]
Cash and cash equivalents reclassified to other receivables (243.0) (259.7)
Other receivables reclassified from cash and cash equivalents 77.3  
Tax payments related to sale of business $ 33.0  
Changes in the accounting treatment of a factoring agreement | Restatement Adjustment    
Increase in operating cash flow   1.1
Cash and cash equivalents reclassified to other receivables   7.8
Other receivables reclassified from cash and cash equivalents   7.8
Early Adoption | ASU 2016-09    
Increase in operating cash flow   6.8
Decrease in financing activities   $ 6.8
[1] The Company early adopted ASU 2016-09 on a retrospective basis related to the classification of excess tax benefits on the Statement of Cash Flows, effective January 1, 2016, which resulted in an increase in operating cash flow of $6.8 million and a decrease in financing activities of $6.8 million for the six months ended June 30, 2016. There was not a material impact on the three months ended June 30, 2016. Refer to Note 2, “Recently Issued Accounting Standards” of the Notes to the Condensed Consolidated Financial Statements for further details.
[2] Due to changes in the accounting treatment of a factoring agreement the Company reclassified amounts from cash and cash equivalents to other receivables of $7.8 million as of June 30, 2016. This reclassification resulted in an increase in cash provided by operating activities of $1.1 million for the six months ended June 30, 2016.