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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flow From Operating Activities      
Net Income $ 459.0 $ 410.4 $ 413.9
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation expense 59.7 58.3 57.1
Amortization expense 47.9 42.7 34.1
Deferred income taxes 24.9 24.0 12.7
Equity in net earnings of affiliates (9.2) (11.6) (11.6)
Distributions from unconsolidated affiliates 9.0 12.0 12.5
Non-cash pension settlement charge 0.0 8.4 0.0
Non-cash compensation expense 16.0 16.1 17.0
Asset impairment charge and other asset write-offs 5.6 19.2 6.4
Other (1.8) 5.7 3.2
Change in assets and liabilities:      
Accounts receivable (12.7) 33.5 (1.8)
Inventories 19.2 (38.5) 1.8
Other current assets 2.1 (2.0) (0.6)
Accounts payable and accrued expenses 50.5 21.8 2.4
Income taxes payable 32.8 29.7 17.5
Excess tax benefit on stock options exercised (30.0) (15.8) (18.5)
Other operating assets and liabilities, net (17.7) (7.8) (5.8)
Net Cash Provided By Operating Activities 655.3 606.1 540.3
Cash Flow From Investing Activities      
Additions to property, plant and equipment (49.8) (61.8) (70.5)
Acquisitions (305.3) (74.9) (215.7)
Other 0.5 (4.5) (2.2)
Net Cash Used In Investing Activities (354.6) (141.2) (288.4)
Cash Flow From Financing Activities      
Long-term debt borrowings 0.0 0.0 299.8
Long-term debt repayments 0.0 (250.0) 0.0
Short-term debt borrowings (repayments) 68.9 211.7 (6.7)
Proceeds from stock options exercised 50.5 28.5 32.7
Excess tax benefit on stock options exercised 30.0 15.8 18.5
Payment of cash dividends (183.0) (175.3) (167.5)
Purchase of treasury stock (400.0) (363.1) (478.8)
Deferred financing costs 0.0 (1.4) (4.2)
Other (6.0) (1.2) (0.4)
Net Cash Used In Financing Activities (439.6) (535.0) (306.6)
Effect of exchange rate changes on cash and cash equivalents (3.3) (22.9) (19.2)
Net Change In Cash and Cash Equivalents (142.2) (93.0) (73.9)
Cash and Cash Equivalents at Beginning of Period 330.0 423.0 496.9
Cash and Cash Equivalents at End of Period 187.8 330.0 423.0
Cash paid during the year for:      
Interest (net of amounts capitalized) 25.6 29.0 25.7
Income taxes 188.4 174.8 181.5
Supplemental disclosure of non-cash investing activities:      
Property, plant and equipment expenditures included in Accounts Payable $ 3.4 $ 5.3 $ 14.5