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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net income$ 71.6$ 88.5
Adjustments to reconcile net income to net cash (used in) provided by operating activities:  
Income from equity method investments(8.9)(8.9)
Dividends from affiliates8.67.4
Restructuring expenses, net of cash paid3.2(7.1)
Provision for bad debts4.33.9
Unrealized loss on derivative contracts4.71.0
Stock-based compensation expense12.611.8
Depreciation and amortization45.239.9
Deferred income taxes4.07.8
Other items, net(2.7)10.0
Changes in assets and liabilities, net of effects of acquisitions and divestitures:  
Accounts and notes receivable(74.5)(71.6)
Inventories(84.3)(102.7)
Other current assets(1.9)(6.7)
Accounts payable60.943.8
Accrued expenses(43.3)19.0
Income taxes payable and receivable1.311.1
Other(3.0)(3.6)
Net cash (used in) provided by operating activities(2.2)43.6
CASH FLOWS FROM INVESTING ACTIVITIES:  
Proceeds from the disposal of property, plant and equipment0.30.1
Purchases of property, plant and equipment(27.1)(30.0)
Proceeds from sale of businesses0.63.5
Acquisition of businesses(147.7)(6.0)
Change in restricted cash12.2(13.1)
Net cash used in investing activities(161.7)(45.5)
CASH FLOWS FROM FINANCING ACTIVITIES:  
Short-term borrowings, net2.55.7
Asset securitization borrowings220.0 
Asset securitization payments(220.0) 
Long-term payments(0.7)(35.8)
Issuance of senior unsecured notes 199.8
Borrowings from revolving credit facility1,090.0875.0
Payments on revolving credit facility(911.5)(906.5)
Additional investment in affiliates (1.0)
Proceeds from stock option exercises1.52.5
Payments of deferred financing costs (1.8)
Repurchases of common stock(90.9)(150.3)
Excess tax benefits related to share-based payments1.53.7
Cash dividends paid(27.2)(24.4)
Net cash provided by (used in) financing activities65.2(33.1)
DECREASE IN CASH AND CASH EQUIVALENTS(98.7)(35.0)
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS(3.4)3.1
CASH AND CASH EQUIVALENTS, beginning of period160.0124.3
CASH AND CASH EQUIVALENTS, end of period57.992.4
Cash paid during the year for:  
Interest, net10.75.8
Income taxes (net of refunds)$ 28.9$ 25.7