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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Consolidated net income $ 83.3 $ 85.4
Adjustments to reconcile consolidated net income to cash flows from operating activities:    
Depreciation and amortization 48.2 40.4
Stock-based compensation expense 8.4 6.8
Deferred income taxes (5.0) (32.1)
Other non-cash expenses, net 6.1 25.2
Changes in operating assets and liabilities, net of acquisitions and divestitures:    
Accounts receivable (8.4) 15.4
Inventories (37.5) (73.4)
Accounts payable and accrued expenses (8.6) (11.5)
Income taxes payable, net (6.3) (19.8)
Deferred revenue (0.2) 3.0
Customer advances (34.7) (6.5)
Other changes in operating assets and liabilities, net 5.4 7.1
Net cash provided by operating activities 50.7 40.0
Cash flows from investing activities:    
Purchases of short-term investments (118.5) (77.6)
Maturities of short-term investments 134.0 122.4
Cash paid for acquisitions, net of cash acquired (65.8) (1.2)
Purchases of property, plant and equipment (31.3) (26.0)
Proceeds from sales of property, plant and equipment 6.9 0.9
Net cash (used in) provided by investing activities (74.7) 18.5
Cash flows from financing activities:    
Repayments of the Note Purchase Agreement (20.0)  
Repayments of revolving lines of credit (65.0)  
Proceeds from revolving lines of credit 154.0 99.0
(Repayment) proceeds of other debt, net (1.0) 0.1
Proceeds from issuance of common stock, net 15.3 10.2
Payment of contingent consideration (3.5)  
Repurchase of common stock (129.7) (143.5)
Excess tax benefit related to stock option awards   0.3
Payment of dividends (19.1) (19.4)
Cash payments to noncontrolling interest (0.5) (0.7)
Net cash used in financing activities (69.5) (54.0)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 15.4 6.6
Net change in cash, cash equivalents and restricted cash (78.1) 11.1
Cash, cash equivalents and restricted cash at beginning of period 345.9 271.2
Cash, cash equivalents and restricted cash at end of period $ 267.8 $ 282.3