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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 159.0 $ 135.6
Adjustments to reconcile net income to net cash used in operating activities:    
Income from equity method investments (10.9) (10.8)
Dividends from affiliates 2.5 3.9
Restructuring gains, net of cash paid 0.0 (1.0)
Provision for bad debts 2.7 2.7
Unrealized gains on derivative contracts (3.0) (1.9)
Stock-based compensation expense 12.5 14.8
Depreciation and amortization 32.0 28.5
Deferred income taxes (4.9) (1.9)
Other items, net 0.2 0.3
Changes in assets and liabilities, net of effects of divestitures:    
Accounts and notes receivable (213.8) (216.2)
Inventories (114.1) (80.6)
Other current assets (5.7) (6.7)
Accounts payable 81.3 82.6
Accrued expenses (9.9) 20.1
Income taxes payable and receivable 16.2 1.5
Other 7.6 3.8
Net cash used in operating activities (48.3) (25.3)
Cash flows from investing activities:    
Proceeds from the disposal of property, plant and equipment 0.2 0.0
Purchases of property, plant and equipment (43.4) (41.7)
Net cash used in investing activities (43.2) (41.7)
Cash flows from financing activities:    
Short-term borrowings, net (1.1) 0.5
Asset securitization borrowings 200.0 40.0
Asset securitization payments 0.0 (20.0)
Long-term debt payments (200.5) (8.2)
Borrowings from credit facility 1,352.5 1,184.5
Payments on credit facility (1,031.0) (864.0)
Proceeds from employee stock purchases 1.5 1.3
Repurchases of common stock (175.0) (200.0)
Repurchases of common stock to satisfy employee withholding tax obligations (14.1) (21.4)
Cash dividends paid (36.9) (31.8)
Net cash provided by financing activities 95.4 80.9
Increase in cash and cash equivalents 3.9 13.9
Effect of exchange rates on cash and cash equivalents 7.2 1.9
Cash and cash equivalents, beginning of period 50.2 38.9
Cash and cash equivalents, end of period 61.3 54.7
Supplemental disclosures of cash flow information:    
Interest paid 17.1 12.4
Income taxes paid (net of refunds) $ 47.8 $ 55.8