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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net income $ 276.6 $ 284.0 $ 249.8
Reconciliation to net cash provided by operating activities:      
Depreciation and amortization 123.1 104.5 93.3
Amortization of deferred financing costs and debt discount 1.6 0.7 1.7
Deferred income taxes 29.3 3.8 62.8
Restructuring Expense 7.7    
Equity in earnings from affiliated companies (5.6) (3.3) (2.5)
Stock-based compensation 16.2 17.6 16.1
Changes in assets and liabilities:      
(Increase) decrease in accounts receivable (20.7) 20.2 (17.4)
(Increase) decrease in inventories (25.2) 2.3 10.8
Increase in prepaid expenses and other current assets (8.6) (0.1) (4.1)
Increase in other non-current assets   (8.0) (13.7)
Increase (decrease) increase in accounts payable/accrued liabilities 23.3 (2.1) (7.9)
Increase in other non-current liabilities     8.1
Other – net 3.7 9.1 4.4
Net cash provided by operating activities 421.4 428.7 401.4
Cash flows from investing activities      
Capital expenditures (184.1) (278.1) (327.9)
Acquisitions and Investments in affiliated companies (3.4) (76.0) (38.6)
Net cash used for investing activities (187.5) (354.1) (366.5)
Cash flows from financing activities      
Proceeds from issuance of senior notes   398.3  
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 (4.2) (4.1)  
Borrowing from senior unsecured credit facility 752.0 459.0 563.0
Repayment of senior unsecured credit facility (600.0) (774.0) (485.0)
Change in capital lease obligations (0.2)    
Proceeds (repayment) of other debt, net 0.2 (0.5) 1.1
Deferred financing costs and discount related to long-term debt     (1.7)
Dividends paid (48.4) (42.6) (39.8)
Repurchase of stock (357.7) (150.3) (111.1)
Activity under stock plans 1.0 12.2 0.3
Net cash provided by (used for) financing activities (257.3) (58.3) (46.8)
Effect of exchange rate changes on cash and cash equivalents (4.0) 8.6 (4.7)
Net (decrease) increase in cash and cash equivalents (27.4) 24.9 (16.6)
Cash and cash equivalents at beginning of period 60.1 35.2 51.8
Cash and cash equivalents at end of period 32.7 60.1 35.2
Supplemental data:      
Accrual basis additions to property, plant and equipment $ 179.1 $ 284.4 $ 320.2