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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 175.5 $ 159.0
Gain on sale of Australia property (23.8) 0.0
Loss on the sale of Australia business 12.0 0.0
Loss on Brazil assets held for sale 31.4 0.0
Adjustments to reconcile net income to net cash used in operating activities:    
Income from equity method investments (8.4) (10.9)
Dividend from Affiliates 2.2 2.5
Restructuring charges, net of cash paid 0.6 0.0
Provision for bad debts 3.3 2.7
Unrealized losses (gains) on derivative contracts 1.3 (3.0)
Stock-based compensation expense 13.6 12.5
Depreciation and amortization 32.8 32.0
Deferred income taxes (6.2) (4.9)
Pension expense 4.2 2.4
Pension contributions (2.2) (0.4)
Other items, net 0.2 0.2
Changes in assets and liabilities, net of effects of divestitures:    
Accounts and notes receivable (272.1) (213.8)
Inventories (115.5) (114.1)
Other current assets (2.2) (5.7)
Accounts payable 109.2 81.3
Accrued expenses 3.2 (9.9)
Income taxes payable and receivable 15.1 16.2
Other (9.2) 5.6
Net cash used in operating activities (35.0) (48.3)
Cash flows from investing activities:    
Proceeds from the disposal of property, plant and equipment 0.1 0.2
Purchases of property, plant and equipment (43.4) (43.4)
Net proceeds from sale of business and related property 111.8 0.0
Net cash used in investing activities 68.5 (43.2)
Cash flows from financing activities:    
Short-term borrowings, net 2.9 (1.1)
Asset securitization borrowings 65.0 200.0
Asset securitization payments (51.0) 0.0
Long-term debt payments (17.8) (200.5)
Borrowings from credit facility 1,391.0 1,352.5
Payments on credit facility (1,042.0) (1,031.0)
Proceeds from employee stock purchases 1.2 1.5
Repurchases of common stock (350.2) (175.0)
Repurchases of common stock to satisfy employee withholding tax obligations (18.6) (14.1)
Cash dividends paid (42.4) (36.9)
Net cash provided by financing activities (61.9) 95.4
(Decrease) increase in cash and cash equivalents (28.4) 3.9
Effect of exchange rates on cash and cash equivalents (0.4) 7.2
Cash and cash equivalents, beginning of period 68.2 50.2
Cash and cash equivalents, end of period 39.4 61.3
Supplemental disclosures of cash flow information:    
Interest paid 18.3 17.1
Income taxes paid (net of refunds) $ 45.0 $ 47.8