XML 19 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating Activities    
Net income $ 274.6 $ 60.2
Adjustments to reconcile net income to net cash and cash equivalents provided by (used for) operating activities:    
Losses (earnings) of non-consolidated affiliates 20.2 (1.5)
Losses on disposition of property, plant and equipment 1.9 0.4
Stock-based compensation 9.2 6.4
Depreciation and amortization 451.0 411.4
Deferred income taxes 44.0 (17.5)
Qualified pension plan contributions (1.3) (1.2)
Qualified pension plan income (11.1) (20.3)
Change in:    
Receivables (280.1) (48.5)
Income taxes receivable/payable 17.1 10.6
Inventories (44.5) (46.7)
Other current assets 4.5 3.1
Accounts payable and accrued liabilities 110.1 92.9
Other assets (2.0) 7.7
Other noncurrent liabilities (3.8) (13.6)
Other operating activities (3.5) 11.7
Net operating activities 586.3 455.1
Investing Activities    
Capital expenditures (274.5) (210.0)
Payments under long-term supply contracts 0.0 (209.4)
Proceeds from disposition of property, plant and equipment 2.9 0.1
Net investing activities (271.6) (419.3)
Long-term debt:    
Borrowings 570.0 2,035.0
Repayments (823.7) (1,907.4)
Common stock repurchased and retired (16.8) 0.0
Stock options exercised 3.2 18.5
Dividends paid (100.3) (99.6)
Debt issuance costs (8.5) (11.2)
Net financing activities (376.1) 35.3
Effect of exchange rate changes on cash and cash equivalents (0.3) 0.3
Net (decrease) increase in cash and cash equivalents (61.7) 71.4
Cash and cash equivalents, beginning of period 218.4 184.5
Cash and cash equivalents, end of period 156.7 255.9
Cash paid for interest and income taxes:    
Interest, net 153.9 138.7
Income taxes, net of refunds 31.9 11.2
Non-cash investing activities:    
Decrease in capital expenditures included in accounts payable and accrued liabilities $ 7.0 $ 25.0