Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities
Net income	$ 210.5	$ 195.9
Reconciliation to net cash provided by operating activities:
Depreciation and amortization	90.8	76.3
Amortization related to financing	1.2	0.6
Deferred income taxes	27.5	15.1
Equity in earnings from affiliated companies	(4.3)	(2.8)
Stock-based compensation	14.0	15.5
Changes in assets and liabilities:
(Increase) decrease in accounts receivable	(27.7)	19.7
Increase in inventories	(32.1)	(6.7)
(Increase) decrease in prepaid expenses and other current assets	(5.0)	1.4
Increase (decrease) in accounts payable/accrued liabilities	0.2	(9.8)
Other – net	3.3	3.3
Net cash provided by operating activities	278.4	308.5
Cash flows from investing activities
Capital expenditures	(150.2)	(221.3)
Acquisition of business and investment in affiliate	(0.7)	(12.0)
Net cash used for investing activities	(150.9)	(233.3)
Cash flows from financing activities
Proceeds from senior notes due 2027 (including original issue discount of $1.7)		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	(4.2)	(4.1)
Borrowing from senior unsecured credit facility	662.0	342.0
Repayment of senior unsecured credit facility	(477.0)	(632.0)
Proceeds from (repayment of) capital lease obligation and other debt, net	0.3	(0.4)
Dividends paid	(35.5)	(31.3)
Repurchase of stock	(282.8)	(122.0)
Activity under stock plans	0.4	6.8
Net cash (used in) provided by financing activities	(136.8)	1.0
Effect of exchange rate changes on cash and cash equivalents	(3.6)	7.7
Net (decrease) increase in cash and cash equivalents	(12.9)	83.9
Cash and cash equivalents at beginning of period	60.1	35.2
Cash and cash equivalents at end of period	47.2	119.1
Supplemental data:
Accrual basis additions to property, plant and equipment	$ 133.5	218.0
Senior Notes Due 2027
Cash flows from financing activities
Issuance costs related to debt		$ (3.7)

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.