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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash provided (required) by operating activities of continuing operations:    
Net income (loss) $ (48.5) $ 115.7
Discontinued operations 142.2 (42.9)
Income (loss) from continuing operations 93.7 72.8
Adjustments from income from continuing operations to cash provided (required) by operating activities of continuing operations:    
Depreciation and amortization 46.1 49.6
Equity in (earnings) loss of affiliates (0.2) 0.0
Restructuring and other charges (income) 15.2 18.6
Deferred income taxes 7.4 (5.2)
Pension and other postretirement benefits (4.6) 7.6
Share-based compensation 11.2 11.2
Excess tax benefits from share-based compensation 0.0 (0.4)
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
Trade receivables, net 279.3 237.9
Guarantees of vendor financing (33.0) 36.1
Inventories (48.6) (96.3)
Accounts payable, trade and other 102.8 24.3
Advance payments from customers (234.4) (244.8)
Accrued customer rebates 96.9 138.5
Income taxes (0.2) 6.3
Pension and other postretirement benefit contributions (27.6) (24.8)
Environmental spending, continuing, net of recoveries (15.1) (11.4)
Restructuring and other spending (2.7) (9.9)
Acquisition-related charges (9.0) (12.4)
Change in other operating assets and liabilities, net [1] (72.2) (37.6)
Cash provided (required) by operating activities of continuing operations 205.0 160.1
Cash provided (required) by operating activities of discontinued operations:    
Environmental spending, discontinued, net of recoveries (10.8) (10.1)
Other discontinued spending (12.7) (11.8)
Operating activities of discontinued operations, net of divestiture costs 78.6 86.3
Cash provided (required) by operating activities of discontinued operations 55.1 64.4
Cash provided (required) by investing activities of continuing operations:    
Capital expenditures (20.9) (40.7)
Proceeds from disposal of property, plant and equipment 0.8 1.3
Other investing activities (31.1) (5.6)
Cash provided (required) by investing activities of continuing operations (51.2) (45.0)
Cash provided (required) by investing activities of discontinued operations:    
Other discontinued investing activities (12.8) (14.7)
Cash provided (required) by investing activities of discontinued operations (12.8) (14.7)
Cash provided (required) by financing activities of continuing operations:    
Increase (decrease) in short-term debt (4.0) (59.4)
Repayments of long-term debt (200.7) (50.8)
Financing fees (11.0) (0.7)
Proceeds from borrowings of long-term debt 97.9 2.8
Issuances of common stock, net 14.3 2.1
Excess tax benefits from share-based compensation 0.0 0.4
Transactions with noncontrolling interests (0.5) 0.0
Dividends paid [2] (44.3) (44.3)
Other repurchases of common stock (1.5) (1.2)
Cash provided (required) by financing activities of continuing operations (149.8) (151.1)
Effect of exchange rate changes on cash and cash equivalents 2.7 1.3
Increase (decrease) in cash and cash equivalents 49.0 15.0
Cash and cash equivalents, beginning of period 64.2 78.6
Cash and cash equivalents, end of period $ 113.2 $ 93.6
[1] Changes in all periods primarily represent timing of payments associated with all other operating assets and liabilities.
[2] See Note 13 regarding quarterly cash dividend.