XML 19 R8.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 22.1 $ 32.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 21.6 21.0
Amortization 0.7 1.0
Stock-based compensation 4.6 5.3
Non-cash restructuring charges 15.0 0.0
Other non-cash items, net (1.0) (1.0)
Changes in assets and liabilities (60.0) (61.1)
Net cash provided by (used in) operating activities 3.0 (1.9)
Cash flows from investing activities:    
Capital expenditures (39.0) (30.4)
Other, net 0.4 (0.2)
Net cash used in investing activities (38.6) (30.6)
Cash flows from financing activities:    
Borrowings under revolving credit agreements 0.0 6.3
Repayments under revolving credit agreements 0.0 (1.0)
Repayments of long-term debt (68.0) (0.6)
Dividend payments (8.7) (7.9)
Excess tax benefit from employee stock plans 11.0 2.9
Shares purchased under share repurchase program (9.1) 0.0
Shares repurchased for employee tax withholdings (3.7) (5.7)
Proceeds from exercise of stock options and stock appreciation rights 12.6 6.6
Employee stock purchase plan contributions 0.8 0.7
Contingent consideration payments 0.0 (0.1)
Net cash (used in) provided by financing activities (65.1) 1.2
Effect of exchange rates on cash 4.2 (16.9)
Net decrease in cash and cash equivalents (96.5) (48.2)
Cash and cash equivalents at beginning of period 274.6 255.3
Cash and cash equivalents at end of period $ 178.1 $ 207.1