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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
Statement of Cash Flows [Abstract]      
Net loss $ (200.6) $ (43.2)  
Adjustments to reconcile net loss to net cash provided by operating activities      
Depreciation and amortization 32.8 52.8  
Share-based incentive compensation 6.4 8.9  
Profit sharing expense 5.2 8.8  
Provisions for bad debt 0.3 1.8  
Provisions for inventory obsolescence 0.0 2.4  
Deferred taxes, net 56.9 112.2  
Net gain on sale of business (8.7) (2.3)  
Other non-cash items (11.8) 0.3  
Changes in operating assets and liabilities:      
Trade receivables, net 3.8 (3.3)  
Inventories (50.6) (64.3)  
Accounts payable 7.3 56.1  
Other assets and liabilities 125.3 (113.0)  
Net cash (used in) provided by operating activities (33.7) 17.2  
Cash flows from investing activities:      
Capital expenditures (43.4) (50.4)  
Proceeds, net from sale of business and property and equipment 8.1 2.3  
Business acquired, net of cash acquired (0.9) 0.0  
Settlement of foreign currency forward contracts 1.0 (7.3)  
Other investing activities 2.6 (0.1)  
Net cash used in investing activities (36.0) (55.3)  
Cash flows from financing activities:      
Net proceeds from borrowings 129.6 10.2  
Dividends paid on common stock (27.8) (31.4)  
Acquisition of common stock for tax withholding (6.3) (21.5)  
Repurchases of common stock (311.7) 0.0  
Other financing activities 0.0 (1.8)  
Net cash used in financing activities [1] (216.2) (44.5)  
Effect of foreign currency exchange rate changes on cash and cash equivalents 18.8 8.5  
Cash and cash equivalents [1] 594.0 333.7 $ 333.7
Restricted cash and cash equivalents [1],[2] 0.0 52.9 52.9
Balance, beginning of period [1] 594.0 386.6 386.6
Net change during the period [1] (267.1) (74.1)  
Cash and cash equivalents [1] 326.9 258.4 594.0
Restricted cash and cash equivalents [1],[2] 0.0 54.1 0.0
Balance, end of period [1] 326.9 312.5 $ 594.0
Supplemental Cash Flow Information:      
Interest payments, net of amounts capitalized 37.6 48.0  
Income tax payments 19.3 46.2  
Payments related to the sale of Diversey and efforts to address related stranded costs 14.3 2.4  
Restructuring payments including associated costs 2.8 15.2  
Non-cash items:      
Transfers of shares of common stock from treasury for 2017 and 2016 profit-sharing contributions $ 20.7 $ 22.3  
[1] Due to the adoption of ASU 2016-18, the Company now is required to include restricted cash as part of the change in the total cash balance. As a result, amounts which were previously classified as cash flows from financing activities have been reclassified as they are recognized in the total change in cash. Refer to Note 2, "Recently Adopted and Issued Accounting Standards," in the Notes to Condensed Consolidated Financial Statements for more information.
[2] Restricted cash and cash equivalents included compensating balance deposits related to certain short-term borrowings.