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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities:      
Net income attributable to common shareholders $ 133.3 $ 335.6 $ 171.8
Noncontrolling interest in subsidiaries' earnings (loss) 0.3 (0.1) 0.7
Net income before allocation to noncontrolling interests 133.6 335.5 172.5
Asbestos provision, net 229.0 0.0 0.0
Environmental provision, net 18.9 0.0 0.0
Loss (gain) on deconsolidation of joint venture 1.2 1.7 (1.0)
Realized gain on marketable securities 1.1    
Gain on sale of property related to facility consolidation     (11.1)
Depreciation and amortization 113.5 120.0 72.7
Stock-based compensation expense 22.3 21.6 21.8
Defined benefit plans and postretirement credit (0.7) (15.0) (8.5)
Deferred income taxes (25.1) 47.7 102.3
Cash (used for) provided by operating working capital (40.0) 16.3 54.0
Defined benefit plans and postretirement contributions (8.7) (59.8) (13.2)
Environmental payments, net of reimbursements (8.2) (6.3) (6.3)
Payments for asbestos-related fees and costs, net of insurance recoveries (41.5) (63.9) (62.5)
Other 0.7 16.0 (3.2)
Total provided by operating activities 393.9 413.8 317.5
Investing activities:      
Capital expenditures (68.8) (108.8) (49.0)
Proceeds from disposition of capital assets 3.1 1.9 22.3
Payments for acquisitions, net of cash acquired (156.2) (648.0) (54.8)
Impact of deconsolidation of joint venture (0.2) 2.6 (5.2)
Purchase of marketable securities (8.8)    
Proceeds from sale of marketable securities 9.9    
Total used for investing activities (221.0) (752.3) (86.7)
Financing activities:      
Dividends paid (93.2) (83.5) (78.4)
Reacquisition of shares on open market (79.9) (50.1) (25.0)
Stock options exercised, net of shares reacquired 2.9 16.1 25.2
Debt issuance costs   (5.4) (2.6)
Repayment of long-term debt (99.4) (452.2)  
Repayment of short-term debt (7.4) (100.0)  
Proceeds from issuance of long-term debt 3.0 567.2  
Proceeds from issuance of short-term debt   100.0  
Net proceeds from issuance of commercial paper with maturities of 90 days or less 124.4    
Proceeds from Issuance of Commercial Paper 25.0    
Total used for financing activities (124.6) (7.9) (80.8)
Effect of exchange rates on cash and cash equivalents 2.2 (16.4) 46.5
Increase (decrease) in cash and cash equivalents 50.5 (362.8) 196.5
Cash and cash equivalents at beginning of period 343.4 706.2 509.7
Cash and cash equivalents at end of period 393.9 343.4 706.2
Detail of cash (used for) provided by operating working capital:      
Accounts receivable 3.8 4.8 (10.1)
Inventories (8.3) (38.8) 6.4
Other current assets (1.3) (11.4) 0.8
Accounts payable (23.4) 37.0 17.5
Accrued liabilities (35.2) 40.9 30.8
U.S. and foreign taxes on income 24.4 (16.2) 8.6
Cash (used for) provided by operating working capital (40.0) 16.3 54.0
Supplemental disclosure of cash flow information:      
Interest paid 47.4 47.5 36.0
Income taxes paid $ 37.9 $ 58.4 $ 84.1