Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows From Operating Activities      
Net Earnings $ 276.0 $ 241.4 $ 245.7
Less: Earnings from Discontinued Operations, Net of Tax 1.6 14.0 50.8
Net Earnings from Continuing Operations 274.4 227.4 194.9
Depreciation and Amortization 103.9 88.9 81.2
Pension (Funding), Net of Expense (4.8) 20.4 (31.1)
Other Long-Lived Asset Impairment Charges 1.0 13.0 0.2
Deferred Income Taxes 62.5 43.6 48.3
Income Taxes 20.2 11.4 (0.8)
Excess Tax Benefits From Share-Based Compensation (13.4) (7.0) (8.4)
Equity in Earnings of Unconsolidated Affiliates, Net of Dividends (4.3) (3.7) (1.8)
Impairment of Equity Method Investment 0.0 0.0 20.2
Changes in Certain Current Assets and Current Liabilities      
Change in Accounts and Notes Receivable (1.1) (12.3) (24.0)
Change in Inventory (48.2) (15.2) (57.1)
Change in Prepaid Expenses and Other 0.5 (3.1) (4.3)
Change in Accounts Payable 39.2 1.1 13.0
Change in Accrued Expenses (20.8) (34.2) 5.7
Other, Net 16.6 8.0 10.9
Net Cash Provided by Operating Activities of Continuing Operations 425.7 338.3 246.9
Net Cash Provided by (Used for) Operating Activities of Discontinued Operations (3.8) (14.8) 1.3
Net Cash Provided by Operating Activities 421.9 323.5 248.2
Cash Flows from Investing Activities      
Capital Expenditures (193.9) (132.5) (124.8)
Purchases of Marketable Securities (35.0) (47.6) (82.4)
Sales or Maturities of Marketable Securities 10.7 119.3 11.9
Reductions in (Transfers to) Restricted Cash 1.5 2.9 (9.1)
Investments (5.1) (0.9) (0.2)
Acquisition of Businesses, Net of Cash Acquired (276.1) (29.7) (41.5)
Proceeds from the Sale of Property, Plant and Equipment 1.9 2.4 5.8
Other, net (1.3) 0.0 0.0
Net Cash Used for Investing Activities of Continuing Operations (484.5) (84.3) (239.9)
Net Cash Provided by Investing Activities of Discontinued Operations 0.0 44.5 260.2
Net Cash Provided by (Used for) Investing Activities (484.5) (39.8) 20.3
Cash Flows from Financing Activities      
Net Proceeds from Issuances of Long-Term Debt 1.0 0.1 0.5
Payments of Long-Term Debt Including Current Maturities (3.2) (3.4) (5.3)
Common Stock Repurchases (120.3) (120.0) (20.0)
Cash Dividends Paid (55.4) (48.3) (41.7)
Excess Tax Benefit from Share-Based Compensation, Financing Activities 13.4 7.0 8.4
Proceeds from Share-Based Compensation Activity 14.9 4.5 10.7
Tax Witholding Associated with Shares Issued for Share-Based Compensation (20.9) (8.7) (11.0)
Other, Net (1.9) 0.0 (2.3)
Net Cash Used for Financing Activities of Continuing Operations (172.4) (168.8) (60.7)
Net Cash Provided by Financing Activities of Discontinued Operations 0.0 5.3 0.0
Net Cash Used for Financing Activities (172.4) (163.5) (60.7)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 0.1 (15.6) (11.6)
Net Increase (Decrease) in Cash and Cash Equivalents (234.9) 104.6 196.2
Cash and Cash Equivalents at Beginning of Period 657.3 552.7 356.5
Cash and Cash Equivalents at End of Period 422.4 657.3 552.7
Supplemental Cash Flow Disclosures:      
Interest Paid 30.1 28.5 31.1
Income Taxes Paid, Net $ 32.6 $ 32.8 $ 45.5