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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 278.1 $ 294.0 $ 300.2
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities:      
Depreciation and Amortization 447.2 430.6 330.3
Amortization of Deferred Debt Issuance Costs 4.7 4.4 5.1
Deferred Income Taxes 52.7 26.0 (54.0)
Amount of Postretirement Expense Greater (Less) Than Funding 41.5 (4.7) (127.1)
Gain on the Sale of Assets, net 0.0 (38.6) (3.7)
Other, Net 15.1 35.3 2.0
Changes in Operating Assets and Liabilities, Net of Acquisitions (See Note 3) (173.5) (1,120.8) (645.3)
Net Cash Provided by (Used in) Operating Activities 665.8 (373.8) (192.5)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital Spending 330.9 378.8 240.9
Packaging Machinery Spending (22.0) (16.4) (19.2)
Acquisition of Businesses, Net of Cash Acquired (54.5) (89.4) (189.4)
Proceeds Received from Sale of Assets, Net of Selling Costs 0.0 49.4 7.9
Beneficial Interest on Sold Receivables 343.6 1,476.7 806.1
Beneficial Interest Obtained in Exchange for Proceeds (155.9) (345.5) (97.4)
Other, Net (4.6) (6.9) 1.0
Net Cash (Used in) Provided by Investing Activities (224.3) 689.1 268.1
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repurchase of Common Stock (128.8) (119.1) (62.1)
Payments on Debt (36.5) (152.4) (25.0)
Proceeds from Issuance of Debt 300.0 0.0 0.0
Borrowings under Revolving Credit Facilities 2,497.5 1,876.9 1,202.9
Payments on Revolving Credit Facilities (2,865.1) (1,787.5) (1,090.8)
Debt Issuance Costs (5.0) (7.9) 0.0
Repurchase of Common Stock related to Share-Based Payments (4.1) (4.3) (10.2)
Dividends and Distributions Paid to GPIP Partner (112.7) (111.0) (93.4)
Other, Net (6.1) (5.4) 8.8
Net Cash Used In Financing Activities (360.8) (310.7) (69.8)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 1.7 (1.5) 2.5
Net Increase in Cash and Cash Equivalents 82.4 3.1 8.3
Cash and Cash Equivalents at Beginning of Year 70.5 67.4 59.1
CASH AND CASH EQUIVALENTS AT END OF YEAR 152.9 70.5 67.4
Non-cash Investing Activities:      
Beneficial Interest (Sold) Obtained in Exchange for Trade Receivables 68.8    
Beneficial Interest (Sold) Obtained in Exchange for Trade Receivables   1,025.7 734.7
Non-cash Investment in NACP Combination 0.0 1,111.2 0.0
Non-cash Investing Activities (68.8) 2,136.9 734.7
Non-cash Financing Activities:      
Non-cash Financing of NACP Combination 0.0 660.0 0.0
Non-Cash Financing Activities $ 0.0 $ 660.0 $ 0.0