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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flow From Operating Activities      
Net Income $ 743.4 $ 459.0 $ 410.4
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation expense 60.9 59.7 58.3
Amortization expense 64.5 47.9 42.7
Deferred income taxes (237.6) 24.9 24.0
Equity in net earnings of affiliates (10.8) (9.2) (11.6)
Distributions from unconsolidated affiliates 10.1 9.0 12.0
Non-cash compensation expense 18.1 16.0 16.1
Non-cash pension settlement charge 31.7 0.0 8.4
Asset impairment charge and other asset write-offs 2.1 5.6 19.2
Other (1.7) (1.8) 5.7
Change in assets and liabilities:      
Accounts receivable (9.7) (12.7) 33.5
Inventories (25.2) 19.2 (38.5)
Other current assets 10.2 2.1 (2.0)
Accounts payable and accrued expenses 30.3 50.5 21.8
Income taxes payable (11.2) 32.8 29.7
Excess tax benefit on stock options exercised 0.0 (30.0) (15.8)
Other operating assets and liabilities, net 6.4 (17.7) (7.8)
Net Cash Provided By Operating Activities 681.5 655.3 606.1
Cash Flow From Investing Activities      
Additions to property, plant and equipment (45.0) (49.8) (61.8)
Acquisitions (1,260.0) (305.3) (74.9)
Other 1.6 0.5 (4.5)
Net Cash Used In Investing Activities (1,303.4) (354.6) (141.2)
Cash Flow From Financing Activities      
Long-term debt borrowings 1,621.3 0.0 0.0
Long-term debt (repayments) (200.0) 0.0 (250.0)
Short-term debt borrowings (repayments) (155.8) 68.9 211.7
Proceeds from stock options exercised 42.1 50.5 28.5
Excess tax benefit on stock options exercised 0.0 30.0 15.8
Payment of cash dividends (190.4) (183.0) (175.3)
Purchase of treasury stock (400.0) (400.0) (363.1)
Deferred financing and other (18.3) (6.0) (2.6)
Net Cash Provided By (Used In) Financing Activities 698.9 (439.6) (535.0)
Effect of exchange rate changes on cash and cash equivalents 14.1 (3.3) (22.9)
Net Change In Cash and Cash Equivalents 91.1 (142.2) (93.0)
Cash and Cash Equivalents at Beginning of Period 187.8 330.0 423.0
Cash and Cash Equivalents at End of Period 278.9 187.8 330.0
Cash paid during the year for:      
Interest (net of amounts capitalized) 33.3 25.6 29.0
Income taxes 198.1 188.4 174.8
Supplemental disclosure of non-cash investing activities:      
Property, plant and equipment expenditures included in Accounts Payable $ 7.7 $ 3.4 $ 5.3