Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities
Net income	$ 126.2	$ 122.1
Reconciliation to net cash provided by operating activities:
Depreciation and amortization	49.5	45.5
Amortization related to financing	0.4	1.1
Deferred income taxes	2.0	24.6
Equity in earnings from affiliated companies	(1.6)	(1.2)
Stock-based compensation	13.3	12.8
Changes in assets and liabilities:
Decrease (increase) in accounts receivable	2.4	(53.4)
Increase in inventories	(11.6)	(22.6)
Increase in prepaid expenses and other current assets	(2.9)	(5.6)
Increase in accounts payable/accrued liabilities	5.0	9.3
Other – net	(0.3)	2.3
Net cash provided by operating activities	182.4	134.9
Cash flows from investing activities
Capital expenditures	(169.2)	(156.0)
Acquisition of business and investment in affiliate	(10.0)	(33.6)
Net cash used for investing activities	(179.2)	(189.6)
Cash flows from financing activities
Proceeds from senior notes due 2027 (including original issue discount of $1.7 million)	398.3
Proceeds from settlement of treasury locks associated with senior notes due 2027	10.0
Proceeds from Euro term loan	37.4
Repayments of Euro term loan	(4.1)
Borrowing from senior unsecured debt facility		123.1
Repayment of senior unsecured credit facility	(300.0)
Other debt, net	0.2	(0.2)
Dividends paid	(20.1)	(19.6)
Repurchase of stock	(120.8)	(54.9)
Activity under stock plans	5.6	(4.7)
Net cash provided by financing activities	2.8	42.0
Effect of exchange rate changes on cash and cash equivalents	4.3	(0.2)
Net increase (decrease) in cash and cash equivalents	10.3	(12.9)
Cash and cash equivalents at beginning of period	35.2	51.8
Cash and cash equivalents at end of period	45.5	38.9
Supplemental data:
Accrual basis additions to property, plant and equipment	170.1	142.2
Senior Notes Due 2027
Cash flows from financing activities
Issuance costs related to debt	$ (3.7)
Credit Facility
Cash flows from financing activities
Issuance costs related to debt		$ (1.7)

This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. Such amount typically reflects adjustments similar to those made in preparing consolidated statements, including adjustments to eliminate intercompany gains and losses, and to amortize, if appropriate, any difference between cost and underlying equity in net assets of the investee at the date of investment. It also includes the net realized gain (loss) on investments sold during the period, not including gains (losses) on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, which, for cash flow reporting, is a component of proceeds from investing activities.

No definition available.