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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 283.4 $ 262.5
Gain on sale of real estate (23.8) 0.0
Impairment/loss on the sale of Australia business   0.0
Impairment/loss on the sale of Brazil business   0.0
Adjustments to reconcile net income to net cash used in operating activities:    
Income from equity method investments (10.8) (15.5)
Dividend from Affiliates 6.6 7.8
Restructuring charges, net of cash paid 0.5 1.0
Provision for bad debts 3.8 3.2
Unrealized losses (gains) on derivative contracts 1.4 (0.7)
Stock-based compensation expense 21.0 18.8
Depreciation and amortization 49.4 48.1
Deferred income taxes (5.6) (3.9)
Pension expense 6.5 4.1
Pension contributions (20.3) (1.4)
Other items, net 0.3 1.0
Changes in assets and liabilities, net of effects of divestitures:    
Accounts and notes receivable (114.0) (118.3)
Inventories (73.7) (102.6)
Other current assets (8.6) (7.3)
Accounts payable 46.9 31.0
Accrued expenses 35.6 7.6
Income taxes payable and receivable (1.4) (9.9)
Other (15.5) 3.5
Net cash provided by operating activities 231.3 129.0
Cash flows from investing activities:    
Proceeds from the disposal of property, plant and equipment 0.1 0.2
Purchases of property, plant and equipment (60.9) (60.5)
Net proceeds from sale of business and related property 115.9 0.0
Insurance recoveries received for property damage incurred from natural disaster 4.2 0.0
Net cash used in investing activities 59.3 (60.3)
Cash flows from financing activities:    
Short-term borrowings, net (1.5) (1.4)
Asset securitization borrowings 155.0 275.0
Asset securitization payments (53.7) 0.0
Long-term debt payments (32.9) (200.8)
Borrowings from credit facility 1,820.0 1,883.0
Payments on credit facility (1,766.5) (1,701.0)
Proceeds from employee stock purchases 2.5 2.3
Repurchases of common stock (350.2) (250.0)
Repurchases of common stock to satisfy employee withholding tax obligations (21.1) (16.0)
Cash dividends paid (68.2) (58.4)
Net cash provided by financing activities (316.6) (67.3)
(Decrease) increase in cash and cash equivalents (26.0) 1.4
Effect of exchange rates on cash and cash equivalents 3.9 9.1
Cash and cash equivalents, beginning of period 68.2 50.2
Cash and cash equivalents, end of period 46.1 60.7
Supplemental disclosures of cash flow information:    
Interest paid 25.9 22.5
Income taxes paid (net of refunds) 87.2 115.5
Insurance Recoveries 45.0 $ 0.0
Australia, New Zealand and Asia Businesses    
Cash flows from operating activities:    
Impairment/loss on the sale of Australia business 13.0  
Brazil Business    
Cash flows from operating activities:    
Impairment/loss on the sale of Australia business $ 36.6