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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities      
Net income $ 249.9 $ 297.8 $ 282.1
Adjustments to reconcile net income to net cash provided by operating activities, net of acquisitions:      
Depreciation and amortization 99.8 92.3 85.2
Deferred income taxes (14.3) 12.7 (4.5)
Stock-based compensation 22.3 22.3 17.0
Loss on extinguishment of debt (10.1) 0.0 0.0
(Gain) loss on sale of assets (11.6) (5.8) 0.5
Changes in assets and liabilities, net of acquisitions:      
Decrease (increase) in accounts receivable 3.9 (42.3) 1.9
Decrease (increase) in inventories (90.3) 18.4 (80.8)
Increase in current liabilities 57.4 13.8 46.6
Changes in other assets and liabilities, net 50.7 8.4 6.1
Contributions to qualified defined benefit pension plans (1.7) (18.0) (22.6)
Other, net 2.8 11.4 7.9
NET CASH PROVIDED BY OPERATING ACTIVITIES 379.0 411.0 339.4
Cash Flows from Investing Activities      
Capital expenditures (79.7) (67.2) (77.1)
Acquisitions, net of cash acquired (184.1) (173.4) (163.4)
Purchases of available-for-sale investments (20.9) (20.0) (24.5)
Proceeds from sales of available-for-sale investments 17.4 13.3 13.8
Proceeds from disposition of assets 18.4 10.8 0.7
Other, net 3.3 6.3 0.9
NET CASH USED IN INVESTING ACTIVITIES (245.6) (230.2) (249.6)
Cash Flows from Financing Activities      
Issuance of long-term debt 297.6 397.0 0.0
Extinguishment of long-term debt (300.0) 0.0 0.0
Issuance of short-term debt 66.3 1.2 48.8
Payment of short-term debt (1.7) (51.5) (2.0)
Make whole payment for extinguishment of long-term debt (9.9) 0.0 0.0
Debt issuance cost (3.0) (3.6) 0.0
Payment of dividends (157.6) (144.0) (133.7)
Payment of dividends to noncontrolling interest (3.5) (2.8) (5.0)
Acquisition of common shares (92.5) (246.8) (79.1)
Payments for share reclassification 0.0 0.0 (200.7)
Other (10.0) (8.9) (7.3)
NET CASH USED IN FINANCING ACTIVITIES (214.3) (59.4) (379.0)
Effect of foreign currency exchange rate changes on cash and cash equivalents 18.3 (27.3) (21.2)
Increase in cash and cash equivalents (62.6) 94.1 (310.4)
Cash and cash equivalents, beginning of year 437.6 343.5 653.9
Cash and cash equivalents, end of year $ 375.0 $ 437.6 $ 343.5