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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flow From Operating Activities      
Net Income $ 568.6 $ 743.4 $ 459.0
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation expense 64.4 60.9 59.7
Amortization expense 76.7 64.5 47.9
Deferred income taxes 11.1 (237.6) 24.9
Equity in net earnings of affiliates (9.2) (10.8) (9.2)
Distributions from unconsolidated affiliates 10.1 10.1 9.0
Non-cash compensation expense 23.3 18.1 16.0
Non-cash pension settlement charge 0.0 31.7 0.0
Asset impairment charge and other asset write-offs 3.6 2.1 5.6
Other 1.0 (1.7) (1.8)
Change in assets and liabilities:      
Accounts receivable (3.4) (9.7) (12.7)
Inventories (55.1) (25.2) 19.2
Other current assets 18.9 10.2 2.1
Accounts payable and accrued expenses 54.9 30.3 50.5
Income taxes payable (6.1) (11.2) 32.8
Excess tax benefit on stock options exercised 0.0 0.0 (30.0)
Other operating assets and liabilities, net 4.8 6.4 (17.7)
Net Cash Provided By Operating Activities 763.6 681.5 655.3
Cash Flow From Investing Activities      
Additions to property, plant and equipment (60.4) (45.0) (49.8)
Acquisitions (49.8) (1,260.0) (305.3)
Other (1.9) 1.6 0.5
Net Cash Used In Investing Activities (112.1) (1,303.4) (354.6)
Cash Flow From Financing Activities      
Long-term debt borrowings 0.0 1,621.3 0.0
Long-term debt (repayments) 0.0 (200.0) 0.0
Short-term debt (repayments), net of borrowings (268.8) (155.8) 68.9
Proceeds from stock options exercised 76.6 42.1 50.5
Excess tax benefit on stock options exercised 0.0 0.0 30.0
Payment of cash dividends (213.3) (190.4) (183.0)
Purchase of treasury stock (200.0) (400.0) (400.0)
Deferred financing and other (3.5) (18.3) (6.0)
Net Cash (Used In) Provided By Financing Activities (609.0) 698.9 (439.6)
Effect of exchange rate changes on cash and cash equivalents (4.7) 14.1 (3.3)
Net Change In Cash and Cash Equivalents 37.8 91.1 (142.2)
Cash and Cash Equivalents at Beginning of Period 278.9 187.8 330.0
Cash and Cash Equivalents at End of Period 316.7 278.9 187.8
Cash paid during the year for:      
Interest (net of amounts capitalized) 74.9 33.3 25.6
Income taxes 116.8 198.1 188.4
Supplemental disclosure of non-cash investing activities:      
Property, plant and equipment expenditures included in Accounts Payable $ 6.9 $ 7.7 $ 3.4