XML 29 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities    
Net income $ 49.2 $ 49.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 47.6 49.2
Excess tax benefit from share-based payment arrangements (0.4) 0
Share-based compensation 3.5 4.5
Deferred income taxes (12.5) 5.8
Income of unconsolidated affiliated company (0.4) (0.6)
(Gain) loss on sale of property and equipment 0 0.2
Net facility consolidation and other costs 0 (1.7)
Gain on divestiture (9.4) 0
Changes in working capital, excluding effect of acquisitions, divestitures and currency (56.8) (100.7)
Changes in other assets and liabilities (8.3) 2.4
Net cash provided by operating activities 12.5 8.4
Cash flows from investing activities    
Additions to property and equipment (33.5) (27.2)
Business acquisitions and adjustments, net of cash acquired 0 0.2
Proceeds from sale of property and equipment 2.5 0.3
Proceeds from Divestiture 79.8 0
Net cash provided by (used in) investing activities 48.8 (26.7)
Cash flows from financing activities    
Net borrowing of commercial paper 13.3 129.2
Net (repayment) borrowing of short-term debt 5.1 0.1
Cash dividends paid to shareholders (27.5) (27.2)
Common stock purchased for the treasury (43.2) (35.6)
Excess tax benefit from share-based payment arrangements 0.4 0
Stock incentive programs and related tax withholdings (1.5) (12.7)
Net cash (used in) provided by financing activities (53.4) 53.8
Effect of exchange rates on cash and cash equivalents 2.6 3.1
Net increase in cash and cash equivalents 10.5 38.6
Cash and cash equivalents balance at beginning of year 141.7 114.1
Cash and cash equivalents balance at end of period $ 152.2 $ 152.7