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Consolidated Statements 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 $ 284.0 $ 249.8 $ 237.2
Reconciliation to net cash provided by operating activities:      
Depreciation and amortization 104.5 93.3 76.4
Amortization of deferred financing costs and debt discount 0.7 1.7 1.1
Deferred income taxes 3.8 62.8 53.2
Stock-based compensation 17.6 16.1 17.9
Equity in earnings from affiliated companies (3.3) (2.5) (2.0)
Excess tax benefits on stock-based compensation     (9.2)
Changes in assets and liabilities:      
Decrease (increase) in accounts receivable 20.2 (17.4) (18.4)
(Increase) decrease in inventories 2.3 10.8 (25.0)
Increase in prepaid expenses and other current assets (0.1) (4.1) (2.9)
Increase in other non-current assets (8.0) (13.7) (11.6)
Decrease in accounts payable/accrued liabilities (2.1) (7.9) (10.4)
Increase in other non-current liabilities   8.1 4.3
Other – net 9.1 4.4 (9.6)
Net cash provided by operating activities 428.7 401.4 301.0
Cash flows from investing activities      
Capital expenditures (278.1) (327.9) (305.3)
Acquisitions and investments in affiliated companies (76.0) (38.6)  
Net cash used for investing activities (354.1) (366.5) (305.3)
Cash flows from financing activities      
Proceeds from issuance of senior notes 398.3   300.0
Issuance costs related to senior notes (3.7)    
Proceeds from settlements of treasury locks 10.0    
Proceeds from Euro term loan 37.4 26.4  
Repayments of Euro term loan (4.1)    
Borrowing from senior unsecured credit facility   78.0  
Repayment of senior unsecured credit facility (315.0)   (135.0)
Proceeds (repayment) of other debt, net (0.5) 1.1 (1.2)
Deferred financing costs and discount related to long-term debt   (1.7) (3.6)
Dividends paid (42.6) (39.8) (38.3)
Repurchase of stock (150.3) (111.1) (146.1)
Activity under stock plans 12.2 0.3 13.3
Net cash used for financing activities (58.3) (46.8) (10.9)
Effect of exchange rate changes on cash and cash equivalents 8.6 (4.7) (3.9)
Net increase (decrease) in cash and cash equivalents 24.9 (16.6) (19.1)
Cash and cash equivalents at beginning of period 35.2 51.8 70.9
Cash and cash equivalents at end of period 60.1 35.2 51.8
Supplemental data:      
Accrual basis additions to property, plant and equipment $ 284.4 $ 320.2 $ 289.0