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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities:      
Net income attributable to common shareholders $ 335.6 $ 171.8 $ 122.8
Noncontrolling interest in subsidiaries' (loss) earnings (0.1) 0.7 1.0
Net income before allocation to noncontrolling interests 335.5 172.5 123.8
Asbestos provision 0.0 0.0 192.4
Loss (gain) on deconsolidation of joint venture 1.7 (1.0) 0.0
Gain on sale of property related to facility consolidation 0.0 (11.1) 0.0
Depreciation and amortization 120.0 72.7 67.4
Stock-based compensation expense 21.6 21.8 21.7
Defined benefit plans and postretirement credit (15.0) (8.5) (9.1)
Deferred income taxes 47.7 102.3 (25.1)
Cash provided by operating working capital 16.3 54.0 27.0
Defined benefit plans and postretirement contributions (59.8) (13.2) (8.8)
Environmental payments, net of reimbursements (6.3) (6.3) (11.6)
Payments for asbestos-related fees and costs, net of insurance recoveries (63.9) (62.5) (56.0)
Other (16.0) 3.2 3.6
Total provided by operating activities 413.8 317.5 318.1
Investing activities:      
Capital expenditures (108.8) (49.0) (51.5)
Proceeds from disposition of capital assets 1.9 22.3 0.9
Impact of deconsolidation of joint ventures 2.6 (5.2) 0.0
Payments for acquisitions, net of cash acquired (648.0) (54.8) 0.0
Total used for investing activities (752.3) (86.7) (50.6)
Financing activities:      
Dividends paid (83.5) (78.4) (77.2)
Reacquisition of shares on open market (50.1) (25.0) 0.0
Stock options exercised, net of shares reacquired (16.1) (25.2) (26.4)
Debt issuance costs 100.0 0.0 0.0
Proceeds from issuance of long-term debt 567.2 0.0 0.0
Debt issuance costs 5.4 2.6 0.0
Total used for financing activities (7.9) (80.8) (100.4)
Effect of exchange rates on cash and cash equivalents (16.4) 46.5 (20.9)
(Decrease) increase in cash and cash equivalents (362.8) 196.5 146.2
Repayments of Long-term Debt (452.2) 0.0 0.0
Cash and cash equivalents at beginning of period 706.2 509.7  
Repayments of Short-term Debt (100.0) 0.0 0.0
Proceeds from (Repayments of) Commercial Paper     (49.6)
Cash and cash equivalents at end of period 343.4 706.2 509.7
Detail of cash used for working capital:      
Accounts receivable 4.8 (10.1) (6.2)
Inventories (38.8) 6.4 24.9
Other current assets (11.4) 0.8 (2.4)
Accounts payable 37.0 17.5 5.5
Accrued liabilities 40.9 30.8 9.6
U.S. and foreign taxes on income (16.2) 8.6 (4.4)
Total 16.3 54.0 27.0
Supplemental disclosure of cash flow information:      
Interest paid 47.5 36.0 36.8
Income taxes paid $ 58.4 $ 84.1 $ 69.8