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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 206.9 $ 150.7 $ 143.6
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 101.7 94.3 88.1
Amortization 2.7 2.4 2.6
Stock-based compensation 15.1 16.1 19.5
Non-cash restructuring charges 2.2 0.7 17.5
Pension curtailment gain 0.0 0.0 (2.1)
Venezuela deconsolidation 0.0 11.1 0.0
Payment for Contingent Consideration Liability, Operating Activities (0.6) 0.0 0.0
Loss on sales of equipment 1.8 1.6 0.7
Deferred income taxes 0.9 41.7 21.5
Pension and other retirement plans, net (7.9) (6.9) (6.5)
Equity in undistributed earnings of affiliates, net of dividends (5.9) (7.0) (6.8)
Changes in assets/liabilities, net of acquisitions:      
Increase in accounts receivable (43.8) (39.7) (23.3)
Increase in inventories (7.0) (3.6) (21.2)
(Increase) decrease in other current assets (6.2) 0.3 (2.4)
Increase in accounts payable 0.4 12.6 6.1
Changes in other assets and liabilities 28.3 (11.0) (17.9)
Net cash provided by operating activities 288.6 263.3 219.4
Cash flows from investing activities:      
Capital expenditures (104.7) (130.8) (170.2)
Purchase of cost-method investments 0.0 0.0 (8.4)
Cash related to deconsolidated Venezuelan subsidiary 0.0 (6.0) 0.0
Other, net 3.9 3.2 2.8
Net cash used in investing activities (100.8) (133.6) (175.8)
Cash flows from financing activities:      
Repayments of long-term debt (0.1) (34.9) (69.8)
Dividend payments (42.1) (39.1) (35.8)
Contingent consideration payments 0.0 (0.7) (0.3)
Proceeds from exercise of stock options and stock appreciation rights 31.8 39.5 25.9
Employee stock purchase plan contributions 4.9 4.4 3.8
Excess tax benefit from employee stock plans 0.0 0.0 18.2
Shares repurchased under share repurchase program (70.8) (74.4) (52.2)
Shares repurchased for employee tax withholdings (4.4) (3.8) (3.7)
Net cash used in financing activities (80.7) (109.0) (113.9)
Effect of exchange rates on cash (5.6) 12.2 (1.3)
Net increase in cash and cash equivalents 101.5 32.9 (71.6)
Cash, including cash equivalents at beginning of period 235.9 203.0 274.6
Cash, including cash equivalents at end of period 337.4 235.9 203.0
Supplemental cash flow information:      
Interest paid, net of amounts capitalized 8.4 8.0 8.6
Income taxes paid, net 42.0 31.0 48.1
Accrued capital expenditures 15.0 20.1 22.7
Dividends declared, not paid $ 11.3 $ 10.4 $ 9.5