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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows from Operating Activities:    
Net income $ 338.9 $ 332.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, and amortization of intangibles 264.3 267.9
Amortization of deferred financing costs 5.8 5.8
Share-based compensation expense 15.0 13.7
Deferred income tax provision 6.5 1.2
Pension and postretirement benefits expense, net of contributions (33.5) 24.0
Other, net 3.7 (16.4)
Decrease (increase) in assets —    
Accounts receivable (36.0) (37.5)
Inventories 4.1 (31.0)
Prepaid expenses and other current assets (11.2) (16.8)
Increase (decrease) in liabilities —    
Accounts payable 13.6 (14.1)
Accrued liabilities 10.8 5.2
Federal and state income taxes payable / receivable 6.2 7.4
Net cash provided by operating activities 588.2 542.0
Cash Flows from Investing Activities:    
Additions to property, plant, and equipment (188.1) (217.9)
Proceeds from sale of a business 0.0 23.0
Acquisition of business, net of cash acquired (385.6) 0.0
Additions to other long-term assets (9.4) (9.2)
Other, net 0.4 1.3
Net cash used for investing activities (582.7) (202.8)
Cash Flows from Financing Activities:    
Repayments of debt and capital lease obligations (30.7) (30.7)
Proceeds from issuance of debt 385.0 0.0
Financing costs paid (2.1) 0.0
Common stock dividends paid (156.7) (147.3)
Repurchases of common stock (100.3) (98.1)
Excess tax benefits from stock-based awards 5.3 5.6
Shares withheld to cover employee restricted stock taxes (10.2) (7.4)
Other, net (0.2) 0.7
Net cash provided by (used for) financing activities 90.1 (277.2)
Net increase in cash and cash equivalents 95.6 62.0
Cash and cash equivalents, beginning of period 184.2 124.9
Cash and cash equivalents, end of period $ 279.8 $ 186.9