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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:    
Net income before non-controlling interests $ 94.9 $ 135.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 60.7 54.3
Amortization of stock-based compensation 8.5 15.3
Amortization of deferred financing costs 1.6 3.0
Bad debt expense 10.1 3.2
Deferred income taxes (18.4) (15.7)
Dividends received from unconsolidated affiliates 8.7 7.3
Equity income in earnings of unconsolidated affiliates (10.6) (8.6)
Non-cash interest expense on 8.0% Sealy Notes 0.0 4.0
Loss on extinguishment of debt 0.0 47.2
(Gain) loss on sale of assets (0.4) 0.8
Foreign currency adjustments and other (2.3) (1.5)
Changes in operating assets and liabilities 49.7 (135.1)
Net cash provided by operating activities 202.5 109.8
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (43.4) (41.9)
Other 4.9 0.0
Net cash (used in) provided by investing activities (38.5) (41.9)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings under long-term debt obligations 985.9 1,871.5
Repayments of borrowings under long-term debt obligations (1,124.7) (1,659.3)
Proceeds from exercise of stock options 6.5 15.2
Excess tax benefit from stock-based compensation 0.0 6.0
Treasury stock repurchased (44.9) (319.7)
Payments of deferred financing costs (0.5) (6.6)
Fees paid to lenders 0.0 (7.8)
Call premium on 2020 Senior Notes 0.0 (23.6)
Other (2.9) 0.1
Net cash provided by (used in) financing activities (180.6) (124.2)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (7.3) (8.6)
(Decrease) increase in cash and cash equivalents (23.9) (64.9)
CASH AND CASH EQUIVALENTS, beginning of period 65.7 153.9
CASH AND CASH EQUIVALENTS, end of period 41.8 89.0
Cash paid during the period for:    
Interest 59.0 41.0
Income taxes, net of refunds $ 45.3 $ 57.2