XML 19 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 154.9 $ 150.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 76.1 69.9
Amortization 2.0 1.9
Stock-based compensation 14.7 13.6
Non-cash restructuring charges 0.8 0.0
Venezuela deconsolidation 0.0 11.1
Contingent consideration payments in excess of acquisition-date liability (0.5) 0.0
Other non-cash items, net (4.0) (3.2)
Changes in assets and liabilities (28.6) (62.2)
Net cash provided by operating activities 215.4 181.8
Cash flows from investing activities:    
Capital expenditures (74.7) (101.3)
Cash related to deconsolidated Venezuela subsidiary 0.0 (6.0)
Other, net 2.5 3.1
Net cash used in investing activities (72.2) (104.2)
Cash flows from financing activities:    
Repayments of long-term debt 0.0 (1.8)
Dividend payments (31.0) (28.7)
Contingent consideration payments up to amount of acquisition-date liability 0.0 (0.5)
Proceeds from exercise of stock options and stock appreciation rights 30.1 36.0
Employee stock purchase plan contributions 3.6 3.2
Shares purchased under share repurchase programs (70.8) (26.9)
Shares repurchased for employee tax withholdings (4.4) (3.8)
Net cash used in financing activities (72.5) (22.5)
Effect of exchange rates on cash (9.3) 11.2
Net increase in cash and cash equivalents 61.4 66.3
Cash and cash equivalents at beginning of period 235.9 203.0
Cash and cash equivalents at end of period $ 297.3 $ 269.3