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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities      
Net income $ 358.6 $ 355.7 $ 347.4
(Income) loss from discontinued operations, net of tax (1.5) 6.0 (25.7)
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities of continuing operations      
Equity income of unconsolidated subsidiaries (1.4) (3.5) (8.4)
Depreciation 46.7 48.3 49.7
Amortization 28.4 31.7 34.9
Loss (gain) on sale of businesses 0.1 (2.2) 7.3
Deferred income taxes 4.6 (18.4) (4.1)
Share-based compensation 20.3 21.4 20.9
Asset impairment 0.0 21.2 12.0
Loss on early extinguishment of debt 0.0 0.0 17.1
Pension and other post-retirement expense 12.2 1.9 13.2
Pension and other post-retirement contributions (8.4) (20.9) (8.9)
Changes in assets and liabilities, net of effects of business acquisitions      
Accounts receivable 148.3 (17.5) (15.3)
Inventories (29.1) 13.6 (40.1)
Other current assets (2.3) (18.4) 31.2
Accounts payable (81.9) (63.6) 58.3
Employee compensation and benefits 42.5 (19.1) (0.6)
Other current liabilities 32.0 (0.4) (3.3)
Other non-current assets and liabilities 5.1 9.4 (27.5)
Net cash provided by operating activities of continuing operations 574.2 345.2 458.1
Net cash (used for) provided by operating activities of discontinued operations (0.6) 7.8 (19.0)
Net cash provided by operating activities of continuing operations 573.6 353.0 439.1
Investing activities      
Capital expenditures (62.2) (58.5) (48.2)
Proceeds from sale of property and equipment 0.1 0.6 0.2
Proceeds from (payments due to) sale of businesses 0.0 15.3 (12.8)
Acquisitions, net of cash acquired (58.0) (287.8) (0.9)
Other 2.2 (1.5) 0.0
Net cash used for investing activities of continuing operations (117.9) (331.9) (61.7)
Net cash used for investing activities of discontinued operations 0.0 0.0 (7.1)
Net cash used for investing activities (117.9) (331.9) (68.8)
Financing activities      
Net (repayments) receipts of commercial paper and revolving long-term debt (117.5) 51.5 39.7
Proceeds from long-term debt 0.0 600.0 0.0
Repayment of long-term debt (74.0) (401.5) (675.1)
Premium paid on early extinguishment of debt 0.0 0.0 (16.0)
Distribution of cash from nVent, net of cash transferred 0.0 0.0 919.4
Shares issued to employees, net of shares withheld 32.9 12.5 13.3
Repurchases of ordinary shares (150.2) (150.0) (500.0)
Dividends paid (127.1) (122.7) (187.2)
Other 0.0 6.9 2.0
Net cash provided by (used for) financing activities of continuing operations (435.9) (17.1) (407.9)
Change in cash held for sale 0.0 0.0 27.0
Effect of exchange rate changes on cash and cash equivalents (20.2) 4.2 (1.4)
Change in cash and cash equivalents (0.4) 8.2 (12.0)
Cash and cash equivalents, beginning of year 82.5 74.3 86.3
Cash and cash equivalents, end of year 82.1 82.5 74.3
Supplemental disclosure of cash flow information:      
Cash paid for interest, net 41.0 33.7 43.7
Cash paid for income taxes, net $ 67.7 $ 59.0 $ 92.9