Condensed Consolidating Financial Statements (Tables)
|
6 Months Ended |
Jun. 30, 2012
|
Condensed Consolidating Financial Information Relating to Senior Notes
|
|
Schedule of Condensed Consolidating Statements of Operations |
|
|
|
|
|
|
|
Three months ended June 30, 2012 |
|
|
|
Parent |
|
CFI |
|
Other
Subsidiaries |
|
Eliminations |
|
Consolidated |
|
|
|
(in millions)
|
|
Net sales |
|
$ |
— |
|
$ |
1,055.7 |
|
$ |
825.6 |
|
$ |
(145.7 |
) |
$ |
1,735.6 |
|
Cost of sales |
|
|
— |
|
|
436.2 |
|
|
293.6 |
|
|
(37.5 |
) |
|
692.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross margin |
|
|
— |
|
|
619.5 |
|
|
532.0 |
|
|
(108.2 |
) |
|
1,043.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses |
|
|
1.0 |
|
|
34.9 |
|
|
5.4 |
|
|
— |
|
|
41.3 |
|
Other operating—net |
|
|
— |
|
|
8.6 |
|
|
2.2 |
|
|
— |
|
|
10.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other operating costs and expenses |
|
|
1.0 |
|
|
43.5 |
|
|
7.6 |
|
|
— |
|
|
52.1 |
|
Equity in earnings of operating affiliates |
|
|
— |
|
|
(3.3 |
) |
|
17.1 |
|
|
— |
|
|
13.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating earnings (loss) |
|
|
(1.0 |
) |
|
572.7 |
|
|
541.5 |
|
|
(108.2 |
) |
|
1,005.0 |
|
Interest expense |
|
|
— |
|
|
42.8 |
|
|
2.8 |
|
|
(0.3 |
) |
|
45.3 |
|
Interest income |
|
|
— |
|
|
(0.2 |
) |
|
(0.1 |
) |
|
0.3 |
|
|
— |
|
Net earnings of wholly-owned subsidiaries |
|
|
(607.0 |
) |
|
(261.5 |
) |
|
— |
|
|
868.5 |
|
|
— |
|
Other non-operating—net |
|
|
— |
|
|
— |
|
|
(0.6 |
) |
|
— |
|
|
(0.6 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Earnings before income taxes and equity in earnings (loss) of non-operating affiliates |
|
|
606.0 |
|
|
791.6 |
|
|
539.4 |
|
|
(976.7 |
) |
|
960.3 |
|
Income tax provision (benefit) |
|
|
(0.3 |
) |
|
184.5 |
|
|
125.0 |
|
|
— |
|
|
309.2 |
|
Equity in earnings (loss) of non-operating affiliates—net of taxes |
|
|
— |
|
|
(0.1 |
) |
|
27.3 |
|
|
— |
|
|
27.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings |
|
|
606.3 |
|
|
607.0 |
|
|
441.7 |
|
|
(976.7 |
) |
|
678.3 |
|
Less: Net earnings attributable to noncontrolling interest |
|
|
— |
|
|
— |
|
|
180.2 |
|
|
(108.2 |
) |
|
72.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings attributable to common stockholders |
|
$ |
606.3 |
|
$ |
607.0 |
|
$ |
261.5 |
|
$ |
(868.5 |
) |
$ |
606.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2012 |
|
|
|
Parent |
|
CFI |
|
Other
Subsidiaries |
|
Eliminations |
|
Consolidated |
|
|
|
(in millions)
|
|
Net sales |
|
$ |
— |
|
$ |
1,971.6 |
|
$ |
1,556.0 |
|
$ |
(264.4 |
) |
$ |
3,263.2 |
|
Cost of sales |
|
|
— |
|
|
956.9 |
|
|
620.7 |
|
|
(69.5 |
) |
|
1,508.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross margin |
|
|
— |
|
|
1,014.7 |
|
|
935.3 |
|
|
(194.9 |
) |
|
1,755.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses |
|
|
1.5 |
|
|
61.7 |
|
|
11.9 |
|
|
— |
|
|
75.1 |
|
Other operating—net |
|
|
— |
|
|
15.8 |
|
|
17.3 |
|
|
— |
|
|
33.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other operating costs and expenses |
|
|
1.5 |
|
|
77.5 |
|
|
29.2 |
|
|
— |
|
|
108.2 |
|
Equity in earnings of operating affiliates |
|
|
— |
|
|
1.1 |
|
|
28.2 |
|
|
— |
|
|
29.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating earnings (loss) |
|
|
(1.5 |
) |
|
938.3 |
|
|
934.3 |
|
|
(194.9 |
) |
|
1,676.2 |
|
Interest expense |
|
|
— |
|
|
71.0 |
|
|
5.6 |
|
|
(0.4 |
) |
|
76.2 |
|
Interest income |
|
|
— |
|
|
(0.4 |
) |
|
(0.4 |
) |
|
0.4 |
|
|
(0.4 |
) |
Net (earnings) of wholly-owned subsidiaries |
|
|
(975.8 |
) |
|
(413.0 |
) |
|
— |
|
|
1,388.8 |
|
|
— |
|
Other non-operating—net |
|
|
— |
|
|
0.2 |
|
|
(0.9 |
) |
|
— |
|
|
(0.7 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Earnings before income taxes and equity in earnings of non-operating affiliates |
|
|
974.3 |
|
|
1,280.5 |
|
|
930.0 |
|
|
(1,583.7 |
) |
|
1,601.1 |
|
Income tax provision (benefit) |
|
|
(0.4 |
) |
|
304.6 |
|
|
211.8 |
|
|
— |
|
|
516.0 |
|
Equity in earnings (loss) of non-operating affiliates—net of taxes |
|
|
— |
|
|
(0.1 |
) |
|
25.0 |
|
|
— |
|
|
24.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings |
|
|
974.7 |
|
|
975.8 |
|
|
743.2 |
|
|
(1,583.7 |
) |
|
1,110.0 |
|
Less: Net earnings attributable to noncontrolling interest |
|
|
— |
|
|
— |
|
|
330.2 |
|
|
(194.9 |
) |
|
135.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings attributable to common stockholders |
|
$ |
974.7 |
|
$ |
975.8 |
|
$ |
413.0 |
|
$ |
(1,388.8 |
) |
$ |
974.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2011 |
|
|
|
Parent |
|
CFI |
|
Other
Subsidiaries |
|
Eliminations |
|
Consolidated |
|
|
|
(in millions)
|
|
Net sales |
|
$ |
— |
|
$ |
1,104.5 |
|
$ |
837.2 |
|
$ |
(140.0 |
) |
$ |
1,801.7 |
|
Cost of sales |
|
|
— |
|
|
574.4 |
|
|
420.4 |
|
|
(60.5 |
) |
|
934.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross margin |
|
|
— |
|
|
530.1 |
|
|
416.8 |
|
|
(79.5 |
) |
|
867.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses |
|
|
1.0 |
|
|
26.5 |
|
|
4.2 |
|
|
— |
|
|
31.7 |
|
Restructuring and integration costs |
|
|
— |
|
|
0.9 |
|
|
0.4 |
|
|
— |
|
|
1.3 |
|
Other operating—net |
|
|
— |
|
|
1.3 |
|
|
2.6 |
|
|
— |
|
|
3.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other operating costs and expenses |
|
|
1.0 |
|
|
28.7 |
|
|
7.2 |
|
|
— |
|
|
36.9 |
|
Equity in earnings of operating affiliates |
|
|
— |
|
|
2.8 |
|
|
11.4 |
|
|
— |
|
|
14.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating earnings (loss) |
|
|
(1.0 |
) |
|
504.2 |
|
|
421.0 |
|
|
(79.5 |
) |
|
844.7 |
|
Interest expense |
|
|
— |
|
|
28.7 |
|
|
2.1 |
|
|
— |
|
|
30.8 |
|
Interest income |
|
|
— |
|
|
(0.2 |
) |
|
(0.7 |
) |
|
— |
|
|
(0.9 |
) |
Net earnings of wholly-owned subsidiaries |
|
|
(488.0 |
) |
|
(188.9 |
) |
|
— |
|
|
676.9 |
|
|
— |
|
Other non-operating—net |
|
|
— |
|
|
(0.1 |
) |
|
(0.1 |
) |
|
— |
|
|
(0.2 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Earnings before income taxes and equity in earnings (loss) of non-operating affiliates |
|
|
487.0 |
|
|
664.7 |
|
|
419.7 |
|
|
(756.4 |
) |
|
815.0 |
|
Income tax provision (benefit) |
|
|
(0.4 |
) |
|
176.6 |
|
|
104.8 |
|
|
— |
|
|
281.0 |
|
Equity in earnings (loss) of non-operating affiliates—net of taxes |
|
|
— |
|
|
(0.1 |
) |
|
9.9 |
|
|
— |
|
|
9.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings |
|
|
487.4 |
|
|
488.0 |
|
|
324.8 |
|
|
(756.4 |
) |
|
543.8 |
|
Less: Net earnings attributable to noncontrolling interest |
|
|
— |
|
|
— |
|
|
135.9 |
|
|
(79.5 |
) |
|
56.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings attributable to common stockholders |
|
$ |
487.4 |
|
$ |
488.0 |
|
$ |
188.9 |
|
$ |
(676.9 |
) |
$ |
487.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2011 |
|
|
|
Parent |
|
CFI |
|
Other
Subsidiaries |
|
Eliminations |
|
Consolidated |
|
|
|
(in millions)
|
|
Net sales |
|
$ |
— |
|
$ |
1,735.7 |
|
$ |
1,492.0 |
|
$ |
(252.0 |
) |
$ |
2,975.7 |
|
Cost of sales |
|
|
— |
|
|
933.9 |
|
|
761.6 |
|
|
(112.2 |
) |
|
1,583.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross margin |
|
|
— |
|
|
801.8 |
|
|
730.4 |
|
|
(139.8 |
) |
|
1,392.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses |
|
|
1.5 |
|
|
48.8 |
|
|
12.4 |
|
|
— |
|
|
62.7 |
|
Restructuring and integration costs |
|
|
— |
|
|
2.0 |
|
|
1.4 |
|
|
— |
|
|
3.4 |
|
Other operating—net |
|
|
— |
|
|
(29.7 |
) |
|
2.6 |
|
|
— |
|
|
(27.1 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Total other operating costs and expenses |
|
|
1.5 |
|
|
21.1 |
|
|
16.4 |
|
|
— |
|
|
39.0 |
|
Equity in earnings of operating affiliates |
|
|
— |
|
|
2.4 |
|
|
23.3 |
|
|
— |
|
|
25.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating earnings (loss) |
|
|
(1.5 |
) |
|
783.1 |
|
|
737.3 |
|
|
(139.8 |
) |
|
1,379.1 |
|
Interest expense |
|
|
— |
|
|
79.9 |
|
|
3.1 |
|
|
(0.1 |
) |
|
82.9 |
|
Interest income |
|
|
— |
|
|
(0.4 |
) |
|
(0.9 |
) |
|
0.1 |
|
|
(1.2 |
) |
Net earnings of wholly-owned subsidiaries |
|
|
(770.4 |
) |
|
(333.4 |
) |
|
— |
|
|
1,103.8 |
|
|
— |
|
Other non-operating—net |
|
|
— |
|
|
(0.1 |
) |
|
(0.4 |
) |
|
— |
|
|
(0.5 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Earnings before income taxes and equity in earnings (loss) of non-operating affiliates |
|
|
768.9 |
|
|
1,037.1 |
|
|
735.5 |
|
|
(1,243.6 |
) |
|
1,297.9 |
|
Income tax provision (benefit) |
|
|
(0.5 |
) |
|
266.6 |
|
|
173.7 |
|
|
— |
|
|
439.8 |
|
Equity in earnings (loss) of non-operating affiliates—net of taxes |
|
|
— |
|
|
(0.1 |
) |
|
18.4 |
|
|
— |
|
|
18.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings |
|
|
769.4 |
|
|
770.4 |
|
|
580.2 |
|
|
(1,243.6 |
) |
|
876.4 |
|
Less: Net earnings attributable to noncontrolling interest |
|
|
— |
|
|
— |
|
|
246.8 |
|
|
(139.8 |
) |
|
107.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings attributable to common stockholders |
|
$ |
769.4 |
|
$ |
770.4 |
|
$ |
333.4 |
|
$ |
(1,103.8 |
) |
$ |
769.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Schedule of Condensed Consolidating Statements of Comprehensive Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2012 |
|
|
|
Parent |
|
CFI |
|
Other
Subsidiaries |
|
Eliminations |
|
Consolidated |
|
|
|
(in millions)
|
|
Net earnings |
|
$ |
606.3 |
|
$ |
607.0 |
|
$ |
441.7 |
|
$ |
(976.7 |
) |
$ |
678.3 |
|
Other comprehensive loss |
|
|
(3.2 |
) |
|
(3.2 |
) |
|
(4.9 |
) |
|
7.7 |
|
|
(3.6 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income |
|
|
603.1 |
|
|
603.8 |
|
|
436.8 |
|
|
(969.0 |
) |
|
674.7 |
|
Less: Comprehensive income attributable to the noncontrolling interest |
|
|
— |
|
|
— |
|
|
180.2 |
|
|
(108.6 |
) |
|
71.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income attributable to common stockholders |
|
$ |
603.1 |
|
$ |
603.8 |
|
$ |
256.6 |
|
$ |
(860.4 |
) |
$ |
603.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2012 |
|
|
|
Parent |
|
CFI |
|
Other
Subsidiaries |
|
Eliminations |
|
Consolidated |
|
|
|
(in millions)
|
|
Net earnings |
|
$ |
974.7 |
|
$ |
975.8 |
|
$ |
743.2 |
|
$ |
(1,583.7 |
) |
$ |
1,110.0 |
|
Other comprehensive income |
|
|
24.0 |
|
|
24.0 |
|
|
20.8 |
|
|
(44.6 |
) |
|
24.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income |
|
|
998.7 |
|
|
999.8 |
|
|
764.0 |
|
|
(1,628.3 |
) |
|
1,134.2 |
|
Less: Comprehensive income attributable to the noncontrolling interest |
|
|
— |
|
|
— |
|
|
330.2 |
|
|
(194.8 |
) |
|
135.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income attributable to common stockholders |
|
$ |
998.7 |
|
$ |
999.8 |
|
$ |
433.8 |
|
$ |
(1,433.5 |
) |
$ |
998.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2011 |
|
|
|
Parent |
|
CFI |
|
Other
Subsidiaries |
|
Eliminations |
|
Consolidated |
|
|
|
(in millions)
|
|
Net earnings |
|
$ |
487.4 |
|
$ |
488.0 |
|
$ |
324.8 |
|
$ |
(756.4 |
) |
$ |
543.8 |
|
Other comprehensive income |
|
|
4.6 |
|
|
4.6 |
|
|
2.0 |
|
|
(6.4 |
) |
|
4.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income |
|
|
492.0 |
|
|
492.6 |
|
|
326.8 |
|
|
(762.8 |
) |
|
548.6 |
|
Less: Comprehensive income attributable to |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
the noncontrolling interest |
|
|
— |
|
|
— |
|
|
135.9 |
|
|
(79.3 |
) |
|
56.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income attributable to |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
common stockholders |
|
$ |
492.0 |
|
$ |
492.6 |
|
$ |
190.9 |
|
$ |
(683.5 |
) |
$ |
492.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2011 |
|
|
|
Parent |
|
CFI |
|
Other
Subsidiaries |
|
Eliminations |
|
Consolidated |
|
|
|
(in millions)
|
|
Net earnings |
|
$ |
769.4 |
|
$ |
770.4 |
|
$ |
580.2 |
|
$ |
(1,243.6 |
) |
$ |
876.4 |
|
Other comprehensive income |
|
|
31.1 |
|
|
31.1 |
|
|
27.1 |
|
|
(57.3 |
) |
|
32.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income |
|
|
800.5 |
|
|
801.5 |
|
|
607.3 |
|
|
(1,300.9 |
) |
|
908.4 |
|
Less: Comprehensive income attributable to the noncontrolling interest |
|
|
— |
|
|
— |
|
|
246.8 |
|
|
(138.9 |
) |
|
107.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income attributable to common stockholders |
|
$ |
800.5 |
|
$ |
801.5 |
|
$ |
360.5 |
|
$ |
(1,162.0 |
) |
$ |
800.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| | | |
|
Schedule of Condensed Consolidating Balance Sheets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2012 |
|
|
|
Parent |
|
CFI |
|
Other
Subsidiaries |
|
Eliminations
and
Reclassifications |
|
Consolidated |
|
|
|
(in millions)
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
— |
|
$ |
293.8 |
|
$ |
1,089.2 |
|
$ |
— |
|
$ |
1,383.0 |
|
Accounts and notes receivable—net |
|
|
— |
|
|
161.5 |
|
|
1,309.8 |
|
|
(1,111.1 |
) |
|
360.2 |
|
Inventories—net |
|
|
— |
|
|
155.3 |
|
|
74.3 |
|
|
— |
|
|
229.6 |
|
Prepaid income taxes |
|
|
— |
|
|
598.6 |
|
|
— |
|
|
(598.6 |
) |
|
— |
|
Other |
|
|
— |
|
|
11.1 |
|
|
12.8 |
|
|
— |
|
|
23.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets |
|
|
— |
|
|
1,220.3 |
|
|
2,486.1 |
|
|
(1,709.7 |
) |
|
1,996.7 |
|
Property, plant and equipment—net |
|
|
— |
|
|
805.6 |
|
|
2,895.2 |
|
|
— |
|
|
3,700.8 |
|
Asset retirement obligation funds |
|
|
— |
|
|
147.6 |
|
|
— |
|
|
— |
|
|
147.6 |
|
Investments in and advances to affiliates |
|
|
4,480.8 |
|
|
5,918.6 |
|
|
943.8 |
|
|
(10,398.9 |
) |
|
944.3 |
|
Investments in auction rate securities |
|
|
— |
|
|
55.5 |
|
|
— |
|
|
— |
|
|
55.5 |
|
Due from affiliates |
|
|
539.0 |
|
|
— |
|
|
1.5 |
|
|
(540.5 |
) |
|
— |
|
Goodwill |
|
|
— |
|
|
0.9 |
|
|
2,063.6 |
|
|
— |
|
|
2,064.5 |
|
Other assets |
|
|
— |
|
|
75.3 |
|
|
134.2 |
|
|
— |
|
|
209.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
5,019.8 |
|
$ |
8,223.8 |
|
$ |
8,524.4 |
|
$ |
(12,649.1 |
) |
$ |
9,118.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts and notes payable and accrued expenses |
|
$ |
0.4 |
|
$ |
1,120.4 |
|
$ |
132.4 |
|
$ |
(918.8 |
) |
$ |
334.4 |
|
Income taxes payable |
|
|
— |
|
|
— |
|
|
599.9 |
|
|
(598.6 |
) |
|
1.3 |
|
Customer advances |
|
|
— |
|
|
94.3 |
|
|
26.7 |
|
|
— |
|
|
121.0 |
|
Deferred income taxes |
|
|
— |
|
|
45.7 |
|
|
— |
|
|
— |
|
|
45.7 |
|
Distributions payable to noncontrolling interest |
|
|
— |
|
|
— |
|
|
291.3 |
|
|
(291.3 |
) |
|
— |
|
Other |
|
|
— |
|
|
43.4 |
|
|
9.5 |
|
|
— |
|
|
52.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities |
|
|
0.4 |
|
|
1,303.8 |
|
|
1,059.8 |
|
|
(1,808.7 |
) |
|
555.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes payable |
|
|
— |
|
|
— |
|
|
14.2 |
|
|
(9.4 |
) |
|
4.8 |
|
Long-term debt |
|
|
— |
|
|
1,600.0 |
|
|
— |
|
|
— |
|
|
1,600.0 |
|
Deferred income taxes |
|
|
— |
|
|
29.0 |
|
|
988.3 |
|
|
— |
|
|
1,017.3 |
|
Due to affiliates |
|
|
— |
|
|
540.5 |
|
|
— |
|
|
(540.5 |
) |
|
— |
|
Other noncurrent liabilities |
|
|
— |
|
|
269.7 |
|
|
171.6 |
|
|
— |
|
|
441.3 |
|
Equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stockholders' equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred stock |
|
|
— |
|
|
— |
|
|
65.3 |
|
|
(65.3 |
) |
|
— |
|
Common stock |
|
|
0.6 |
|
|
— |
|
|
154.1 |
|
|
(154.1 |
) |
|
0.6 |
|
Paid-in capital |
|
|
2,456.5 |
|
|
739.9 |
|
|
4,493.6 |
|
|
(5,233.5 |
) |
|
2,456.5 |
|
Retained earnings |
|
|
2,637.5 |
|
|
3,816.1 |
|
|
1,218.2 |
|
|
(5,034.3 |
) |
|
2,637.5 |
|
Accumulated other comprehensive |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
income (loss) |
|
|
(75.2 |
) |
|
(75.2 |
) |
|
(5.7 |
) |
|
80.9 |
|
|
(75.2 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Total stockholders' equity |
|
|
5,019.4 |
|
|
4,480.8 |
|
|
5,925.5 |
|
|
(10,406.3 |
) |
|
5,019.4 |
|
Noncontrolling interest |
|
|
— |
|
|
— |
|
|
365.0 |
|
|
115.8 |
|
|
480.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity |
|
|
5,019.4 |
|
|
4,480.8 |
|
|
6,290.5 |
|
|
(10,290.5 |
) |
|
5,500.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and equity |
|
$ |
5,019.8 |
|
$ |
8,223.8 |
|
$ |
8,524.4 |
|
$ |
(12,649.1 |
) |
$ |
9,118.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2011 |
|
|
|
Parent |
|
CFI |
|
Other
Subsidiaries |
|
Eliminations
and
Reclassifications |
|
Consolidated |
|
|
|
(in millions)
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
— |
|
$ |
98.7 |
|
$ |
1,108.3 |
|
$ |
— |
|
$ |
1,207.0 |
|
Accounts and notes receivable—net |
|
|
— |
|
|
76.9 |
|
|
806.4 |
|
|
(613.9 |
) |
|
269.4 |
|
Inventories—net |
|
|
— |
|
|
212.6 |
|
|
91.6 |
|
|
— |
|
|
304.2 |
|
Prepaid income taxes |
|
|
— |
|
|
289.4 |
|
|
— |
|
|
(289.4 |
) |
|
— |
|
Other |
|
|
— |
|
|
6.0 |
|
|
12.0 |
|
|
— |
|
|
18.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets |
|
|
— |
|
|
683.6 |
|
|
2,018.3 |
|
|
(903.3 |
) |
|
1,798.6 |
|
Property, plant and equipment—net |
|
|
— |
|
|
767.7 |
|
|
2,968.3 |
|
|
— |
|
|
3,736.0 |
|
Deferred income taxes |
|
|
— |
|
|
26.1 |
|
|
— |
|
|
(26.1 |
) |
|
— |
|
Asset retirement obligation funds |
|
|
— |
|
|
145.4 |
|
|
— |
|
|
— |
|
|
145.4 |
|
Investments in and advances to affiliates |
|
|
3,533.4 |
|
|
5,484.7 |
|
|
927.9 |
|
|
(9,017.4 |
) |
|
928.6 |
|
Investments in auction rate securities |
|
|
— |
|
|
70.9 |
|
|
— |
|
|
— |
|
|
70.9 |
|
Due from affiliates |
|
|
1,013.8 |
|
|
— |
|
|
1.0 |
|
|
(1,014.8 |
) |
|
— |
|
Goodwill |
|
|
— |
|
|
0.9 |
|
|
2,063.6 |
|
|
— |
|
|
2,064.5 |
|
Other assets |
|
|
— |
|
|
91.4 |
|
|
139.1 |
|
|
— |
|
|
230.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
4,547.2 |
|
$ |
7,270.7 |
|
$ |
8,118.2 |
|
$ |
(10,961.6 |
) |
$ |
8,974.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts and notes payable and |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
accrued expenses |
|
$ |
0.1 |
|
$ |
516.3 |
|
$ |
132.9 |
|
$ |
(321.6 |
) |
$ |
327.7 |
|
Income taxes payable |
|
|
— |
|
|
— |
|
|
417.9 |
|
|
(289.4 |
) |
|
128.5 |
|
Customer advances |
|
|
— |
|
|
184.3 |
|
|
72.9 |
|
|
— |
|
|
257.2 |
|
Deferred income taxes |
|
|
— |
|
|
90.1 |
|
|
— |
|
|
— |
|
|
90.1 |
|
Distributions payable to noncontrolling interest |
|
|
— |
|
|
— |
|
|
441.7 |
|
|
(292.0 |
) |
|
149.7 |
|
Other |
|
|
— |
|
|
66.0 |
|
|
12.0 |
|
|
— |
|
|
78.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities |
|
|
0.1 |
|
|
856.7 |
|
|
1,077.4 |
|
|
(903.0 |
) |
|
1,031.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes payable |
|
|
— |
|
|
— |
|
|
14.2 |
|
|
(9.4 |
) |
|
4.8 |
|
Long-term debt |
|
|
— |
|
|
1,600.0 |
|
|
13.0 |
|
|
— |
|
|
1,613.0 |
|
Deferred income taxes |
|
|
— |
|
|
— |
|
|
983.0 |
|
|
(26.2 |
) |
|
956.8 |
|
Due to affiliates |
|
|
— |
|
|
1,014.8 |
|
|
— |
|
|
(1,014.8 |
) |
|
— |
|
Other noncurrent liabilities |
|
|
— |
|
|
265.8 |
|
|
170.0 |
|
|
— |
|
|
435.8 |
|
Equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stockholders' equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred stock |
|
|
— |
|
|
— |
|
|
65.3 |
|
|
(65.3 |
) |
|
— |
|
Common stock |
|
|
0.7 |
|
|
— |
|
|
153.9 |
|
|
(153.9 |
) |
|
0.7 |
|
Paid-in capital |
|
|
2,804.8 |
|
|
739.9 |
|
|
4,493.6 |
|
|
(5,233.5 |
) |
|
2,804.8 |
|
Retained earnings |
|
|
2,841.0 |
|
|
2,892.7 |
|
|
805.2 |
|
|
(3,697.9 |
) |
|
2,841.0 |
|
Treasury stock |
|
|
(1,000.2 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(1,000.2 |
) |
Accumulated other comprehensive income (loss) |
|
|
(99.2 |
) |
|
(99.2 |
) |
|
(26.5 |
) |
|
125.6 |
|
|
(99.3 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Total stockholders' equity |
|
|
4,547.1 |
|
|
3,533.4 |
|
|
5,491.5 |
|
|
(9,025.0 |
) |
|
4,547.0 |
|
Noncontrolling interest |
|
|
— |
|
|
— |
|
|
369.2 |
|
|
16.7 |
|
|
385.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity |
|
|
4,547.1 |
|
|
3,533.4 |
|
|
5,860.7 |
|
|
(9,008.3 |
) |
|
4,932.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and equity |
|
$ |
4,547.2 |
|
$ |
7,270.7 |
|
$ |
8,118.3 |
|
$ |
(10,961.7 |
) |
$ |
8,974.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Schedule of Condensed Consolidating Statements of Cash Flows |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2012 |
|
|
|
Parent |
|
CFI |
|
Other
Subsidiaries |
|
Eliminations |
|
Consolidated |
|
|
|
(in millions)
|
|
Operating Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings |
|
$ |
974.7 |
|
$ |
975.8 |
|
$ |
743.2 |
|
$ |
(1,583.7 |
) |
$ |
1,110.0 |
|
Adjustments to reconcile net earnings to net cash provided by operating activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation, depletion and amortization |
|
|
— |
|
|
69.1 |
|
|
149.9 |
|
|
— |
|
|
219.0 |
|
Deferred income taxes |
|
|
— |
|
|
7.7 |
|
|
5.5 |
|
|
— |
|
|
13.2 |
|
Stock compensation expense |
|
|
5.1 |
|
|
— |
|
|
0.5 |
|
|
— |
|
|
5.6 |
|
Excess tax benefit from stock-based compensation |
|
|
(15.4 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(15.4 |
) |
Unrealized loss (gain) on derivatives |
|
|
— |
|
|
(19.6 |
) |
|
(2.1 |
) |
|
— |
|
|
(21.7 |
) |
(Gain) loss on disposal of property, plant and equipment and non-core assets |
|
|
— |
|
|
0.9 |
|
|
2.7 |
|
|
— |
|
|
3.6 |
|
Undistributed (earnings) of affiliates—net |
|
|
(975.8 |
) |
|
(609.3 |
) |
|
(20.6 |
) |
|
1,583.7 |
|
|
(22.0 |
) |
Due to/from affiliates—net |
|
|
490.2 |
|
|
(489.8 |
) |
|
(0.4 |
) |
|
— |
|
|
— |
|
Changes in: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts and notes receivable—net |
|
|
— |
|
|
(188.7 |
) |
|
(501.4 |
) |
|
600.5 |
|
|
(89.6 |
) |
Margin deposits |
|
|
— |
|
|
0.8 |
|
|
0.1 |
|
|
— |
|
|
0.9 |
|
Inventories—net |
|
|
— |
|
|
58.3 |
|
|
18.1 |
|
|
— |
|
|
76.4 |
|
Accrued income taxes |
|
|
— |
|
|
(292.7 |
) |
|
181.9 |
|
|
— |
|
|
(110.8 |
) |
Accounts and notes payable and accrued expenses |
|
|
0.4 |
|
|
608.0 |
|
|
(1.6 |
) |
|
(600.5 |
) |
|
6.3 |
|
Customer advances |
|
|
— |
|
|
(89.9 |
) |
|
(46.3 |
) |
|
— |
|
|
(136.2 |
) |
Other—net |
|
|
— |
|
|
(2.5 |
) |
|
11.9 |
|
|
— |
|
|
9.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by operating activities |
|
|
479.2 |
|
|
28.1 |
|
|
541.4 |
|
|
— |
|
|
1,048.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Investing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions to property, plant and equipment |
|
|
— |
|
|
(96.2 |
) |
|
(61.6 |
) |
|
— |
|
|
(157.8 |
) |
Proceeds from sale of property, plant and equipment and non-core assets |
|
|
— |
|
|
7.2 |
|
|
— |
|
|
— |
|
|
7.2 |
|
Sales and maturities of short-term and auction rate securities |
|
|
— |
|
|
16.0 |
|
|
— |
|
|
— |
|
|
16.0 |
|
Deposit to asset retirement funds |
|
|
— |
|
|
(2.2 |
) |
|
— |
|
|
— |
|
|
(2.2 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Net cash used in investing activities |
|
|
— |
|
|
(75.2 |
) |
|
(61.6 |
) |
|
— |
|
|
(136.8 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Financing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments of long-term debt |
|
|
— |
|
|
— |
|
|
(13.0 |
) |
|
— |
|
|
(13.0 |
) |
Financing fees |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Dividends paid on common stock |
|
|
(52.3 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(52.3 |
) |
Dividends to/from affiliates |
|
|
52.3 |
|
|
(52.3 |
) |
|
— |
|
|
— |
|
|
— |
|
Distributions to/from noncontrolling interest |
|
|
— |
|
|
300.5 |
|
|
(493.8 |
) |
|
— |
|
|
(193.3 |
) |
Purchase of treasury stock |
|
|
(500.0 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(500.0 |
) |
Issuances of common stock under employee stock plans |
|
|
5.4 |
|
|
— |
|
|
— |
|
|
— |
|
|
5.4 |
|
Excess tax benefit from stock-based compensation |
|
|
15.4 |
|
|
— |
|
|
— |
|
|
— |
|
|
15.4 |
|
Other—net |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash (used in) provided by financing activities |
|
|
(479.2 |
) |
|
248.2 |
|
|
(506.8 |
) |
|
— |
|
|
(737.8 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rate changes on cash and cash equivalents |
|
|
— |
|
|
(6.0 |
) |
|
7.9 |
|
|
— |
|
|
1.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase in cash and cash equivalents |
|
|
— |
|
|
195.1 |
|
|
(19.1 |
) |
|
— |
|
|
176.0 |
|
Cash and cash equivalents at beginning of period |
|
|
— |
|
|
98.7 |
|
|
1,108.3 |
|
|
— |
|
|
1,207.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period |
|
$ |
— |
|
$ |
293.8 |
|
$ |
1,089.2 |
|
$ |
— |
|
$ |
1,383.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2011 |
|
|
|
Parent |
|
CFI |
|
Other
Subsidiaries |
|
Eliminations |
|
Consolidated |
|
|
|
(in millions)
|
|
Operating Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings |
|
$ |
769.4 |
|
$ |
770.4 |
|
$ |
580.2 |
|
$ |
(1,243.6 |
) |
$ |
876.4 |
|
Adjustments to reconcile net earnings to net cash provided by operating activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation, depletion and amortization |
|
|
— |
|
|
73.9 |
|
|
139.4 |
|
|
— |
|
|
213.3 |
|
Deferred income taxes |
|
|
2.2 |
|
|
10.8 |
|
|
12.8 |
|
|
— |
|
|
25.8 |
|
Stock compensation expense |
|
|
4.7 |
|
|
— |
|
|
0.4 |
|
|
— |
|
|
5.1 |
|
Excess tax benefit from stock-based compensation |
|
|
(18.6 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(18.6 |
) |
Unrealized (gain) loss on derivatives |
|
|
— |
|
|
11.3 |
|
|
2.2 |
|
|
— |
|
|
13.5 |
|
(Gain) on disposal of property, plant and equipment |
|
|
— |
|
|
(33.3 |
) |
|
3.9 |
|
|
— |
|
|
(29.4 |
) |
Undistributed (earnings) loss of affiliates—net |
|
|
(770.4 |
) |
|
(479.2 |
) |
|
(46.6 |
) |
|
1,243.6 |
|
|
(52.6 |
) |
Due to/from affiliates—net |
|
|
(14.5 |
) |
|
17.5 |
|
|
(3.0 |
) |
|
— |
|
|
— |
|
Changes in: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts and notes receivable—net |
|
|
— |
|
|
235.2 |
|
|
(216.0 |
) |
|
(197.9 |
) |
|
(178.7 |
) |
Margin deposits |
|
|
— |
|
|
2.6 |
|
|
1.7 |
|
|
— |
|
|
4.3 |
|
Inventories—net |
|
|
— |
|
|
(3.7 |
) |
|
(0.2 |
) |
|
0.0 |
|
|
(3.9 |
) |
Accrued income taxes |
|
|
— |
|
|
(72.7 |
) |
|
149.5 |
|
|
— |
|
|
76.8 |
|
Accounts and notes payable and accrued expenses |
|
|
— |
|
|
32.4 |
|
|
(207.8 |
) |
|
197.9 |
|
|
22.5 |
|
Customer advances |
|
|
— |
|
|
(18.4 |
) |
|
(12.0 |
) |
|
— |
|
|
(30.4 |
) |
Other—net |
|
|
— |
|
|
1.4 |
|
|
(3.4 |
) |
|
— |
|
|
(2.0 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Net cash (used in) provided by operating activities |
|
|
(27.2 |
) |
|
548.2 |
|
|
401.1 |
|
|
— |
|
|
922.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Investing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions to property, plant and equipment |
|
|
— |
|
|
(57.8 |
) |
|
(47.7 |
) |
|
— |
|
|
(105.5 |
) |
Proceeds from sale of property, plant and equipment and non-core assets |
|
|
— |
|
|
45.1 |
|
|
2.4 |
|
|
— |
|
|
47.5 |
|
Sales and maturities of short-term and auction rate securities |
|
|
— |
|
|
24.6 |
|
|
— |
|
|
— |
|
|
24.6 |
|
Other—net |
|
|
— |
|
|
— |
|
|
31.3 |
|
|
— |
|
|
31.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) investing activities |
|
|
— |
|
|
11.9 |
|
|
(14.0 |
) |
|
— |
|
|
(2.1 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Financing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments of long-term debt |
|
|
— |
|
|
(346.0 |
) |
|
— |
|
|
— |
|
|
(346.0 |
) |
Dividends paid on common stock |
|
|
(14.3 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(14.3 |
) |
Dividends to/from affiliates |
|
|
14.3 |
|
|
(14.3 |
) |
|
— |
|
|
— |
|
|
— |
|
Distributions to noncontrolling interest |
|
|
— |
|
|
— |
|
|
(28.6 |
) |
|
— |
|
|
(28.6 |
) |
Issuances of common stock under employee stock plans |
|
|
8.6 |
|
|
— |
|
|
— |
|
|
— |
|
|
8.6 |
|
Excess tax benefit from stock-based compensation |
|
|
18.6 |
|
|
— |
|
|
— |
|
|
— |
|
|
18.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities |
|
|
27.2 |
|
|
(360.3 |
) |
|
(28.6 |
) |
|
— |
|
|
(361.7 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rate changes on cash and cash equivalents |
|
|
— |
|
|
(7.8 |
) |
|
7.4 |
|
|
— |
|
|
(0.4 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Increase in cash and cash equivalents |
|
|
— |
|
|
192.0 |
|
|
365.9 |
|
|
— |
|
|
557.9 |
|
Cash and cash equivalents at beginning of period |
|
|
— |
|
|
136.2 |
|
|
661.5 |
|
|
— |
|
|
797.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period |
|
$ |
— |
|
$ |
328.2 |
|
$ |
1,027.4 |
|
$ |
— |
|
$ |
1,355.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| | | |
|
Condensed Consolidating Financial Information Relating to Shelf Registration Statement
|
|
Schedule of Condensed Consolidating Statements of Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2012 |
|
|
|
Parent |
|
CFI |
|
Guarantor
Subsidiaries |
|
Non-Guarantor
Subsidiaries |
|
Eliminations |
|
Consolidated |
|
|
|
(in millions)
|
|
Net sales |
|
$ |
— |
|
$ |
1,055.7 |
|
$ |
510.0 |
|
$ |
511.1 |
|
$ |
(341.2 |
) |
$ |
1,735.6 |
|
Cost of sales |
|
|
— |
|
|
436.2 |
|
|
343.4 |
|
|
145.6 |
|
|
(232.9 |
) |
|
692.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross margin |
|
|
— |
|
|
619.5 |
|
|
166.6 |
|
|
365.5 |
|
|
(108.3 |
) |
|
1,043.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses |
|
|
1.0 |
|
|
34.9 |
|
|
1.4 |
|
|
4.0 |
|
|
— |
|
|
41.3 |
|
Other operating—net |
|
|
— |
|
|
8.6 |
|
|
(0.3 |
) |
|
2.5 |
|
|
— |
|
|
10.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other operating costs and expenses |
|
|
1.0 |
|
|
43.5 |
|
|
1.1 |
|
|
6.5 |
|
|
— |
|
|
52.1 |
|
Equity in earnings of operating affiliates |
|
|
— |
|
|
(3.3 |
) |
|
2.1 |
|
|
15.0 |
|
|
— |
|
|
13.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating earnings (loss) |
|
|
(1.0 |
) |
|
572.7 |
|
|
167.6 |
|
|
374.0 |
|
|
(108.3 |
) |
|
1,005.0 |
|
Interest expense |
|
|
— |
|
|
42.8 |
|
|
2.2 |
|
|
0.6 |
|
|
(0.3 |
) |
|
45.3 |
|
Interest income |
|
|
— |
|
|
(0.2 |
) |
|
4.4 |
|
|
(4.5 |
) |
|
0.3 |
|
|
— |
|
Net earnings of wholly-owned subsidiaries |
|
|
(607.0 |
) |
|
(261.5 |
) |
|
(230.8 |
) |
|
— |
|
|
1,099.3 |
|
|
— |
|
Other non-operating—net |
|
|
— |
|
|
— |
|
|
(0.6 |
) |
|
— |
|
|
— |
|
|
(0.6 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings before income taxes and equity in earnings of non-operating affiliates |
|
|
606.0 |
|
|
791.6 |
|
|
392.4 |
|
|
377.9 |
|
|
(1,207.6 |
) |
|
960.3 |
|
Income tax provision (benefit) |
|
|
(0.3 |
) |
|
184.5 |
|
|
110.6 |
|
|
14.4 |
|
|
— |
|
|
309.2 |
|
Equity in earnings (loss) of non-operating affiliates—net of taxes |
|
|
— |
|
|
(0.1 |
) |
|
— |
|
|
27.3 |
|
|
— |
|
|
27.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings |
|
|
606.3 |
|
|
607.0 |
|
|
281.8 |
|
|
390.8 |
|
|
(1,207.6 |
) |
|
678.3 |
|
Less: Net earnings attributable to noncontrolling interest |
|
|
— |
|
|
— |
|
|
19.5 |
|
|
160.8 |
|
|
(108.3 |
) |
|
72.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings attributable to common stockholders |
|
$ |
606.3 |
|
$ |
607.0 |
|
$ |
262.3 |
|
$ |
230.0 |
|
$ |
(1,099.3 |
) |
$ |
606.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2012 |
|
|
|
Parent |
|
CFI |
|
Guarantor
Subsidiaries |
|
Non-Guarantor
Subsidiaries |
|
Eliminations |
|
Consolidated |
|
|
|
(in millions)
|
|
Net sales |
|
$ |
— |
|
$ |
1,971.6 |
|
$ |
983.7 |
|
$ |
964.2 |
|
$ |
(656.3 |
) |
$ |
3,263.2 |
|
Cost of sales |
|
|
— |
|
|
956.9 |
|
|
696.5 |
|
|
316.1 |
|
|
(461.4 |
) |
|
1,508.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross margin |
|
|
— |
|
|
1,014.7 |
|
|
287.2 |
|
|
648.1 |
|
|
(194.9 |
) |
|
1,755.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses |
|
|
1.5 |
|
|
61.7 |
|
|
2.4 |
|
|
9.5 |
|
|
— |
|
|
75.1 |
|
Other operating—net |
|
|
— |
|
|
15.8 |
|
|
2.7 |
|
|
14.6 |
|
|
— |
|
|
33.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other operating costs and expenses |
|
|
1.5 |
|
|
77.5 |
|
|
5.1 |
|
|
24.1 |
|
|
— |
|
|
108.2 |
|
Equity in earnings of operating affiliates |
|
|
— |
|
|
1.1 |
|
|
5.1 |
|
|
23.1 |
|
|
— |
|
|
29.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating earnings (loss) |
|
|
(1.5 |
) |
|
938.3 |
|
|
287.2 |
|
|
647.1 |
|
|
(194.9 |
) |
|
1,676.2 |
|
Interest expense |
|
|
— |
|
|
71.0 |
|
|
4.4 |
|
|
1.2 |
|
|
(0.4 |
) |
|
76.2 |
|
Interest income |
|
|
— |
|
|
(0.4 |
) |
|
8.4 |
|
|
(8.8 |
) |
|
0.4 |
|
|
(0.4 |
) |
Net earnings of wholly-owned subsidiaries |
|
|
(975.8 |
) |
|
(413.0 |
) |
|
(364.7 |
) |
|
— |
|
|
1,753.5 |
|
|
— |
|
Other non-operating—net |
|
|
— |
|
|
0.2 |
|
|
(0.9 |
) |
|
— |
|
|
— |
|
|
(0.7 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings before income taxes and equity in earnings (loss) of non-operating affiliates |
|
|
974.3 |
|
|
1,280.5 |
|
|
640.0 |
|
|
654.7 |
|
|
(1,948.4 |
) |
|
1,601.1 |
|
Income tax provision (benefit) |
|
|
(0.4 |
) |
|
304.6 |
|
|
191.8 |
|
|
20.0 |
|
|
— |
|
|
516.0 |
|
Equity in earnings (loss) of non-operating affiliates—net of taxes |
|
|
— |
|
|
(0.1 |
) |
|
— |
|
|
25.0 |
|
|
— |
|
|
24.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings |
|
|
974.7 |
|
|
975.8 |
|
|
448.2 |
|
|
659.7 |
|
|
(1,948.4 |
) |
|
1,110.0 |
|
Less: Net earnings attributable to noncontrolling interest |
|
|
— |
|
|
— |
|
|
35.2 |
|
|
295.0 |
|
|
(194.9 |
) |
|
135.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings attributable to common stockholders |
|
$ |
974.7 |
|
$ |
975.8 |
|
$ |
413.0 |
|
$ |
364.7 |
|
$ |
(1,753.5 |
) |
$ |
974.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2011 |
|
|
|
Parent |
|
CFI |
|
Guarantor
Subsidiaries |
|
Non-Guarantor
Subsidiaries |
|
Eliminations |
|
Consolidated |
|
|
|
(in millions)
|
|
Net sales |
|
$ |
— |
|
$ |
1,104.5 |
|
$ |
544.5 |
|
$ |
491.0 |
|
$ |
(338.3 |
) |
$ |
1,801.7 |
|
Cost of sales |
|
|
— |
|
|
574.5 |
|
|
411.2 |
|
|
207.4 |
|
|
(258.8 |
) |
|
934.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross margin |
|
|
— |
|
|
530.0 |
|
|
133.3 |
|
|
283.6 |
|
|
(79.5 |
) |
|
867.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative |
|
|
1.0 |
|
|
26.5 |
|
|
0.1 |
|
|
4.1 |
|
|
— |
|
|
31.7 |
|
Restructuring and integration costs |
|
|
— |
|
|
0.9 |
|
|
0.4 |
|
|
— |
|
|
— |
|
|
1.3 |
|
Other operating—net |
|
|
— |
|
|
1.3 |
|
|
2.3 |
|
|
0.3 |
|
|
— |
|
|
3.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other operating costs and expenses |
|
|
1.0 |
|
|
28.7 |
|
|
2.8 |
|
|
4.4 |
|
|
— |
|
|
36.9 |
|
Equity in earnings of operating affiliates |
|
|
— |
|
|
2.8 |
|
|
0.6 |
|
|
10.8 |
|
|
— |
|
|
14.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating earnings (loss) |
|
|
(1.0 |
) |
|
504.1 |
|
|
131.1 |
|
|
290.0 |
|
|
(79.5 |
) |
|
844.7 |
|
Interest expense |
|
|
— |
|
|
28.8 |
|
|
1.4 |
|
|
0.7 |
|
|
(0.1 |
) |
|
30.8 |
|
Interest income |
|
|
— |
|
|
(0.2 |
) |
|
4.3 |
|
|
(5.1 |
) |
|
0.1 |
|
|
(0.9 |
) |
Net earnings of wholly-owned subsidiaries |
|
|
(488.0 |
) |
|
(188.9 |
) |
|
(173.8 |
) |
|
— |
|
|
850.7 |
|
|
— |
|
Other non-operating—net |
|
|
— |
|
|
— |
|
|
(0.1 |
) |
|
(0.1 |
) |
|
— |
|
|
(0.2 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings before income taxes and equity in earnings of non-operating affiliates |
|
|
487.0 |
|
|
664.4 |
|
|
299.3 |
|
|
294.5 |
|
|
(930.2 |
) |
|
815.0 |
|
Income tax provision (benefit) |
|
|
(0.4 |
) |
|
176.4 |
|
|
97.5 |
|
|
7.5 |
|
|
— |
|
|
281.0 |
|
Equity in earnings of non-operating affiliates—net of taxes |
|
|
— |
|
|
— |
|
|
— |
|
|
9.8 |
|
|
— |
|
|
9.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings |
|
|
487.4 |
|
|
488.0 |
|
|
201.8 |
|
|
296.8 |
|
|
(930.2 |
) |
|
543.8 |
|
Less: Net earnings attributable to noncontrolling interest |
|
|
— |
|
|
— |
|
|
16.8 |
|
|
119.1 |
|
|
(79.5 |
) |
|
56.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings attributable to common stockholders |
|
$ |
487.4 |
|
$ |
488.0 |
|
$ |
185.0 |
|
$ |
177.7 |
|
$ |
(850.7 |
) |
$ |
487.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2011 |
|
|
|
Parent |
|
CFI |
|
Guarantor
Subsidiaries |
|
Non-Guarantor
Subsidiaries |
|
Eliminations |
|
Consolidated |
|
|
|
(in millions)
|
|
Net sales |
|
$ |
— |
|
$ |
1,735.7 |
|
$ |
986.6 |
|
$ |
899.5 |
|
$ |
(646.1 |
) |
$ |
2,975.7 |
|
Cost of sales |
|
|
— |
|
|
934.0 |
|
|
759.1 |
|
|
396.5 |
|
|
(506.3 |
) |
|
1,583.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross margin |
|
|
— |
|
|
801.7 |
|
|
227.5 |
|
|
503.0 |
|
|
(139.8 |
) |
|
1,392.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative |
|
|
1.5 |
|
|
48.8 |
|
|
3.6 |
|
|
8.8 |
|
|
— |
|
|
62.7 |
|
Restructuring and integration costs |
|
|
— |
|
|
2.0 |
|
|
1.4 |
|
|
— |
|
|
— |
|
|
3.4 |
|
Other operating—net |
|
|
— |
|
|
(29.7 |
) |
|
2.3 |
|
|
0.3 |
|
|
— |
|
|
(27.1 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other operating costs and expenses |
|
|
1.5 |
|
|
21.1 |
|
|
7.3 |
|
|
9.1 |
|
|
— |
|
|
39.0 |
|
Equity in earnings of operating affiliates |
|
|
— |
|
|
2.4 |
|
|
1.6 |
|
|
21.7 |
|
|
— |
|
|
25.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating earnings (loss) |
|
|
(1.5 |
) |
|
783.0 |
|
|
221.8 |
|
|
515.6 |
|
|
(139.8 |
) |
|
1,379.1 |
|
Interest expense |
|
|
— |
|
|
80.0 |
|
|
1.8 |
|
|
1.3 |
|
|
(0.2 |
) |
|
82.9 |
|
Interest income |
|
|
— |
|
|
(0.5 |
) |
|
8.7 |
|
|
(9.6 |
) |
|
0.2 |
|
|
(1.2 |
) |
Net (earnings) of wholly-owned subsidiaries |
|
|
(770.4 |
) |
|
(333.4 |
) |
|
(316.9 |
) |
|
— |
|
|
1,420.7 |
|
|
— |
|
Other non-operating—net |
|
|
— |
|
|
— |
|
|
(0.4 |
) |
|
(0.1 |
) |
|
— |
|
|
(0.5 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings before income taxes and equity in earnings of non-operating affiliates |
|
|
768.9 |
|
|
1,036.9 |
|
|
528.6 |
|
|
524.0 |
|
|
(1,560.5 |
) |
|
1,297.9 |
|
Income tax provision (benefit) |
|
|
(0.5 |
) |
|
266.5 |
|
|
164.6 |
|
|
9.2 |
|
|
— |
|
|
439.8 |
|
Equity in earnings of non-operating affiliates—net of taxes |
|
|
— |
|
|
— |
|
|
— |
|
|
18.3 |
|
|
— |
|
|
18.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings |
|
|
769.4 |
|
|
770.4 |
|
|
364.0 |
|
|
533.1 |
|
|
(1,560.5 |
) |
|
876.4 |
|
Less: Net earnings attributable to noncontrolling interest |
|
|
— |
|
|
— |
|
|
35.0 |
|
|
211.8 |
|
|
(139.8 |
) |
|
107.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings attributable to common stockholders |
|
$ |
769.4 |
|
$ |
770.4 |
|
$ |
329.0 |
|
$ |
321.3 |
|
$ |
(1,420.7 |
) |
$ |
769.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| | |
|
Schedule of Condensed Consolidating Statements of Comprehensive Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2012 |
|
|
|
Parent |
|
CFI |
|
Guarantor
Subsidiaries |
|
Non-Guarantor
Subsidiaries |
|
Eliminations |
|
Consolidated |
|
|
|
(in millions)
|
|
Net earnings |
|
$ |
606.3 |
|
$ |
607.0 |
|
$ |
281.8 |
|
$ |
390.8 |
|
$ |
(1,207.6 |
) |
$ |
678.3 |
|
Other comprehensive loss |
|
|
(3.2 |
) |
|
(3.2 |
) |
|
(4.2 |
) |
|
(42.1 |
) |
|
49.1 |
|
|
(3.6 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income |
|
|
603.1 |
|
|
603.8 |
|
|
277.6 |
|
|
348.7 |
|
|
(1,158.5 |
) |
|
674.7 |
|
Less: Comprehensive income attributable to the noncontrolling interest |
|
|
— |
|
|
— |
|
|
19.5 |
|
|
160.8 |
|
|
(108.7 |
) |
|
71.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income attributable to common stockholders |
|
$ |
603.1 |
|
$ |
603.8 |
|
$ |
258.1 |
|
$ |
187.9 |
|
$ |
(1,049.8 |
) |
$ |
603.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2012 |
|
|
|
Parent |
|
CFI |
|
Guarantor
Subsidiaries |
|
Non-Guarantor
Subsidiaries |
|
Eliminations |
|
Consolidated |
|
|
|
(in millions)
|
|
Net earnings |
|
$ |
974.7 |
|
$ |
975.8 |
|
$ |
448.2 |
|
$ |
659.7 |
|
$ |
(1,948.4 |
) |
$ |
1,110.0 |
|
Other comprehensive income |
|
|
24.0 |
|
|
24.0 |
|
|
20.2 |
|
|
(8.5 |
) |
|
(35.5 |
) |
|
24.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income |
|
|
998.7 |
|
|
999.8 |
|
|
468.4 |
|
|
651.2 |
|
|
(1,983.9 |
) |
|
1,134.2 |
|
Less: Comprehensive income attributable to the noncontrolling interest |
|
|
— |
|
|
— |
|
|
35.2 |
|
|
295.0 |
|
|
(194.8 |
) |
|
135.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income attributable to common stockholders |
|
$ |
998.7 |
|
$ |
999.8 |
|
$ |
433.2 |
|
$ |
356.2 |
|
$ |
(1,789.1 |
) |
$ |
998.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2011 |
|
|
|
Parent |
|
CFI |
|
Guarantor
Subsidiaries |
|
Non-Guarantor
Subsidiaries |
|
Eliminations |
|
Consolidated |
|
|
|
(in millions)
|
|
Net earnings |
|
$ |
487.4 |
|
$ |
488.0 |
|
$ |
201.8 |
|
$ |
296.8 |
|
$ |
(930.2 |
) |
$ |
543.8 |
|
Other comprehensive income |
|
|
4.6 |
|
|
4.6 |
|
|
1.4 |
|
|
4.1 |
|
|
(9.9 |
) |
|
4.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income |
|
|
492.0 |
|
|
492.6 |
|
|
203.2 |
|
|
300.9 |
|
|
(940.1 |
) |
|
548.6 |
|
Less: Comprehensive income attributable to the noncontrolling interest |
|
|
— |
|
|
— |
|
|
16.8 |
|
|
119.1 |
|
|
(79.3 |
) |
|
56.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income attributable to common stockholders |
|
$ |
492.0 |
|
$ |
492.6 |
|
$ |
186.4 |
|
$ |
181.8 |
|
$ |
(860.8 |
) |
$ |
492.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2011 |
|
|
|
Parent |
|
CFI |
|
Guarantor
Subsidiaries |
|
Non-Guarantor
Subsidiaries |
|
Eliminations |
|
Consolidated |
|
|
|
(in millions)
|
|
Net earnings |
|
$ |
769.4 |
|
$ |
770.4 |
|
$ |
364.0 |
|
$ |
533.1 |
|
$ |
(1,560.5 |
) |
$ |
876.4 |
|
Other comprehensive income |
|
|
31.1 |
|
|
31.1 |
|
|
25.0 |
|
|
34.5 |
|
|
(89.7 |
) |
|
32.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income |
|
|
800.5 |
|
|
801.5 |
|
|
389.0 |
|
|
567.6 |
|
|
(1,650.2 |
) |
|
908.4 |
|
Less: Comprehensive income attributable to the noncontrolling interest |
|
|
— |
|
|
— |
|
|
35.0 |
|
|
211.8 |
|
|
(138.9 |
) |
|
107.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income attributable to common stockholders |
|
$ |
800.5 |
|
$ |
801.5 |
|
$ |
354.0 |
|
$ |
355.8 |
|
$ |
(1,511.3 |
) |
$ |
800.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Schedule of Condensed Consolidating Balance Sheets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2012 |
|
|
|
Parent |
|
CFI |
|
Guarantor
Subsidiaries |
|
Non-Guarantor
Subsidiaries |
|
Eliminations
and
Reclassifications |
|
Consolidated |
|
|
|
(in millions)
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
— |
|
$ |
293.8 |
|
$ |
190.9 |
|
$ |
898.3 |
|
$ |
— |
|
$ |
1,383.0 |
|
Accounts and notes receivable—net |
|
|
— |
|
|
161.5 |
|
|
1,008.4 |
|
|
301.4 |
|
|
(1,111.1 |
) |
|
360.2 |
|
Inventories—net |
|
|
— |
|
|
155.3 |
|
|
51.1 |
|
|
23.2 |
|
|
— |
|
|
229.6 |
|
Prepaid income taxes |
|
|
— |
|
|
598.6 |
|
|
— |
|
|
— |
|
|
(598.6 |
) |
|
— |
|
Other |
|
|
— |
|
|
11.1 |
|
|
8.6 |
|
|
4.2 |
|
|
— |
|
|
23.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets |
|
|
— |
|
|
1,220.3 |
|
|
1,259.0 |
|
|
1,227.1 |
|
|
(1,709.7 |
) |
|
1,996.7 |
|
Property, plant and equipment—net |
|
|
— |
|
|
805.6 |
|
|
1,553.7 |
|
|
1,341.5 |
|
|
— |
|
|
3,700.8 |
|
Asset retirement obligation funds |
|
|
— |
|
|
147.6 |
|
|
— |
|
|
— |
|
|
— |
|
|
147.6 |
|
Investments in and advances to affiliates |
|
|
4,480.8 |
|
|
5,918.6 |
|
|
3,189.7 |
|
|
933.4 |
|
|
(13,578.2 |
) |
|
944.3 |
|
Investments in auction rate securities |
|
|
— |
|
|
55.5 |
|
|
— |
|
|
— |
|
|
— |
|
|
55.5 |
|
Due from affiliates |
|
|
539.0 |
|
|
— |
|
|
— |
|
|
349.7 |
|
|
(888.7 |
) |
|
— |
|
Goodwill |
|
|
— |
|
|
0.9 |
|
|
2,063.6 |
|
|
— |
|
|
— |
|
|
2,064.5 |
|
Other assets |
|
|
— |
|
|
75.3 |
|
|
107.7 |
|
|
26.5 |
|
|
— |
|
|
209.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
5,019.8 |
|
$ |
8,223.8 |
|
$ |
8,173.7 |
|
$ |
3,878.2 |
|
$ |
(16,176.6 |
) |
$ |
9,118.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts and notes payable and accrued expenses |
|
$ |
0.4 |
|
$ |
1,120.4 |
|
$ |
83.1 |
|
$ |
49.2 |
|
$ |
(918.7 |
) |
$ |
334.4 |
|
Income taxes payable |
|
|
— |
|
|
— |
|
|
573.6 |
|
|
26.3 |
|
|
(598.6 |
) |
|
1.3 |
|
Customer advances |
|
|
— |
|
|
94.3 |
|
|
26.1 |
|
|
0.6 |
|
|
— |
|
|
121.0 |
|
Deferred income taxes |
|
|
— |
|
|
45.7 |
|
|
— |
|
|
— |
|
|
— |
|
|
45.7 |
|
Distributions payable to noncontrolling interest |
|
|
— |
|
|
— |
|
|
— |
|
|
291.3 |
|
|
(291.3 |
) |
|
— |
|
Other |
|
|
— |
|
|
43.4 |
|
|
— |
|
|
9.5 |
|
|
— |
|
|
52.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities |
|
|
0.4 |
|
|
1,303.8 |
|
|
682.8 |
|
|
376.9 |
|
|
(1,808.6 |
) |
|
555.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes payable |
|
|
— |
|
|
— |
|
|
— |
|
|
14.2 |
|
|
(9.4 |
) |
|
4.8 |
|
Long-term debt |
|
|
— |
|
|
1,600.0 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,600.0 |
|
Deferred income taxes |
|
|
— |
|
|
29.0 |
|
|
823.4 |
|
|
164.9 |
|
|
— |
|
|
1,017.3 |
|
Due to affiliates |
|
|
— |
|
|
540.5 |
|
|
348.2 |
|
|
— |
|
|
(888.7 |
) |
|
— |
|
Other noncurrent liabilities |
|
|
— |
|
|
269.7 |
|
|
135.7 |
|
|
35.9 |
|
|
— |
|
|
441.3 |
|
Equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stockholders' equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred stock |
|
|
— |
|
|
— |
|
|
— |
|
|
65.3 |
|
|
(65.3 |
) |
|
— |
|
Common stock |
|
|
0.6 |
|
|
— |
|
|
153.1 |
|
|
4.5 |
|
|
(157.6 |
) |
|
0.6 |
|
Paid-in capital |
|
|
2,456.5 |
|
|
739.9 |
|
|
4,450.2 |
|
|
2,893.1 |
|
|
(8,083.2 |
) |
|
2,456.5 |
|
Retained earnings |
|
|
2,637.5 |
|
|
3,816.1 |
|
|
1,208.2 |
|
|
348.2 |
|
|
(5,372.5 |
) |
|
2,637.5 |
|
Accumulated other comprehensive income (loss) |
|
|
(75.2 |
) |
|
(75.2 |
) |
|
7.1 |
|
|
(24.8 |
) |
|
92.9 |
|
|
(75.2 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total stockholders' equity |
|
|
5,019.4 |
|
|
4,480.8 |
|
|
5,818.6 |
|
|
3,286.3 |
|
|
(13,585.7 |
) |
|
5,019.4 |
|
Noncontrolling interest |
|
|
— |
|
|
— |
|
|
365.0 |
|
|
— |
|
|
115.8 |
|
|
480.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity |
|
|
5,019.4 |
|
|
4,480.8 |
|
|
6,183.6 |
|
|
3,286.3 |
|
|
(13,469.9 |
) |
|
5,500.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and equity |
|
$ |
5,019.8 |
|
$ |
8,223.8 |
|
$ |
8,173.7 |
|
$ |
3,878.2 |
|
$ |
(16,176.6 |
) |
$ |
9,118.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2011 |
|
|
|
Parent |
|
CFI |
|
Guarantor
Subsidiaries |
|
Non-Guarantor
Subsidiaries |
|
Eliminations
and
Reclassifications |
|
Consolidated |
|
|
|
(in millions)
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
— |
|
$ |
98.7 |
|
$ |
300.2 |
|
$ |
808.1 |
|
$ |
— |
|
$ |
1,207.0 |
|
Accounts and notes receivable |
|
|
— |
|
|
76.9 |
|
|
367.4 |
|
|
439.0 |
|
|
(613.9 |
) |
|
269.4 |
|
Inventories—net |
|
|
— |
|
|
212.6 |
|
|
62.9 |
|
|
28.7 |
|
|
— |
|
|
304.2 |
|
Prepaid income taxes |
|
|
— |
|
|
289.4 |
|
|
— |
|
|
— |
|
|
(289.4 |
) |
|
— |
|
Other |
|
|
— |
|
|
6.0 |
|
|
6.6 |
|
|
5.4 |
|
|
— |
|
|
18.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets |
|
|
— |
|
|
683.6 |
|
|
737.1 |
|
|
1,281.2 |
|
|
(903.3 |
) |
|
1,798.6 |
|
Property, plant and equipment—net |
|
|
— |
|
|
767.7 |
|
|
1,592.4 |
|
|
1,375.9 |
|
|
— |
|
|
3,736.0 |
|
Deferred income taxes |
|
|
— |
|
|
26.1 |
|
|
— |
|
|
— |
|
|
(26.1 |
) |
|
— |
|
Asset retirement obligation funds |
|
|
— |
|
|
145.4 |
|
|
— |
|
|
— |
|
|
— |
|
|
145.4 |
|
Investments in and advances to affiliates |
|
|
3,533.4 |
|
|
5,484.7 |
|
|
1,346.1 |
|
|
919.4 |
|
|
(10,355.0 |
) |
|
928.6 |
|
Investments in auction rate securities |
|
|
— |
|
|
70.9 |
|
|
— |
|
|
— |
|
|
— |
|
|
70.9 |
|
Due from affiliates |
|
|
1,013.8 |
|
|
— |
|
|
1,398.3 |
|
|
— |
|
|
(2,412.1 |
) |
|
— |
|
Goodwill |
|
|
— |
|
|
0.9 |
|
|
2,063.6 |
|
|
— |
|
|
— |
|
|
2,064.5 |
|
Other assets |
|
|
— |
|
|
91.4 |
|
|
113.8 |
|
|
25.3 |
|
|
— |
|
|
230.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
4,547.2 |
|
$ |
7,270.7 |
|
$ |
7,251.3 |
|
$ |
3,601.8 |
|
$ |
(13,696.5 |
) |
$ |
8,974.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts and notes payable and accrued expenses |
|
$ |
0.1 |
|
$ |
516.3 |
|
$ |
74.7 |
|
$ |
58.4 |
|
$ |
(321.8 |
) |
$ |
327.7 |
|
Income taxes payable |
|
|
— |
|
|
|
|
|
396.9 |
|
|
21.0 |
|
|
(289.4 |
) |
|
128.5 |
|
Customer advances |
|
|
— |
|
|
184.3 |
|
|
65.1 |
|
|
7.8 |
|
|
— |
|
|
257.2 |
|
Deferred income taxes |
|
|
— |
|
|
90.1 |
|
|
— |
|
|
— |
|
|
— |
|
|
90.1 |
|
Distributions payable to noncontrolling interest |
|
|
— |
|
|
— |
|
|
— |
|
|
441.7 |
|
|
(292.0 |
) |
|
149.7 |
|
Other |
|
|
— |
|
|
66.0 |
|
|
— |
|
|
12.0 |
|
|
— |
|
|
78.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities |
|
|
0.1 |
|
|
856.7 |
|
|
536.7 |
|
|
540.9 |
|
|
(903.2 |
) |
|
1,031.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes payable |
|
|
— |
|
|
— |
|
|
— |
|
|
14.2 |
|
|
(9.4 |
) |
|
4.8 |
|
Long-term debt |
|
|
— |
|
|
1,600.0 |
|
|
13.0 |
|
|
— |
|
|
— |
|
|
1,613.0 |
|
Deferred income taxes |
|
|
— |
|
|
— |
|
|
811.9 |
|
|
171.0 |
|
|
(26.1 |
) |
|
956.8 |
|
Due to affiliates |
|
|
— |
|
|
1,014.8 |
|
|
— |
|
|
1,397.3 |
|
|
(2,412.1 |
) |
|
— |
|
Other noncurrent liabilities |
|
|
— |
|
|
265.8 |
|
|
135.1 |
|
|
34.9 |
|
|
— |
|
|
435.8 |
|
Equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stockholders' equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred stock |
|
|
— |
|
|
— |
|
|
— |
|
|
65.3 |
|
|
(65.3 |
) |
|
— |
|
Common stock |
|
|
0.7 |
|
|
— |
|
|
153.1 |
|
|
33.2 |
|
|
(186.3 |
) |
|
0.7 |
|
Paid-in capital |
|
|
2,804.8 |
|
|
739.9 |
|
|
4,450.2 |
|
|
1,098.0 |
|
|
(6,288.1 |
) |
|
2,804.8 |
|
Retained earnings |
|
|
2,841.0 |
|
|
2,892.7 |
|
|
795.2 |
|
|
263.3 |
|
|
(3,951.2 |
) |
|
2,841.0 |
|
Treasury stock |
|
|
(1,000.2 |
) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(1,000.2 |
) |
Accumulated other comprehensive income (loss) |
|
|
(99.2 |
) |
|
(99.2 |
) |
|
(13.1 |
) |
|
(16.3 |
) |
|
128.5 |
|
|
(99.3 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total stockholders' equity |
|
|
4,547.1 |
|
|
3,533.4 |
|
|
5,385.4 |
|
|
1,443.5 |
|
|
(10,362.4 |
) |
|
4,547.0 |
|
Noncontrolling interest |
|
|
— |
|
|
— |
|
|
369.2 |
|
|
— |
|
|
16.7 |
|
|
385.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity |
|
|
4,547.1 |
|
|
3,533.4 |
|
|
5,754.6 |
|
|
1,443.5 |
|
|
(10,345.7 |
) |
|
4,932.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and equity |
|
$ |
4,547.2 |
|
$ |
7,270.7 |
|
$ |
7,251.3 |
|
$ |
3,601.8 |
|
$ |
(13,696.5 |
) |
$ |
8,974.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Schedule of Condensed Consolidating Statements of Cash Flows |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2012 |
|
|
|
Parent |
|
CFI |
|
Guarantor
Subsidiaries |
|
Non-Guarantor
Subsidiaries |
|
Eliminations |
|
Consolidated |
|
|
|
(in millions)
|
|
Operating Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings |
|
$ |
974.7 |
|
$ |
975.8 |
|
$ |
448.2 |
|
$ |
659.7 |
|
$ |
(1,948.4 |
) |
$ |
1,110.0 |
|
Adjustments to reconcile net earnings to net cash provided by operating activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation, depletion and amortization |
|
|
— |
|
|
69.1 |
|
|
76.5 |
|
|
73.4 |
|
|
— |
|
|
219.0 |
|
Deferred income taxes |
|
|
— |
|
|
7.7 |
|
|
12.8 |
|
|
(7.3 |
) |
|
— |
|
|
13.2 |
|
Stock compensation expense |
|
|
5.1 |
|
|
— |
|
|
— |
|
|
0.5 |
|
|
— |
|
|
5.6 |
|
Excess tax benefit from stock-based compensation |
|
|
(15.4 |
) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(15.4 |
) |
Unrealized loss (gain) on derivatives |
|
|
— |
|
|
(19.6 |
) |
|
— |
|
|
(2.1 |
) |
|
— |
|
|
(21.7 |
) |
(Gain) loss on disposal of property, plant and equipment and non-core assets |
|
|
— |
|
|
0.9 |
|
|
2.7 |
|
|
— |
|
|
—
— |
|
|
3.6 |
|
Undistributed (earnings) of affiliates—net |
|
|
(975.8 |
) |
|
(609.3 |
) |
|
(366.8 |
) |
|
(18.5 |
) |
|
1,948.4 |
|
|
(22.0 |
) |
Due to/from affiliates—net |
|
|
490.2 |
|
|
(489.8 |
) |
|
257.0 |
|
|
(257.4 |
) |
|
— |
|
|
— |
|
Changes in: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts and notes receivable—net |
|
|
— |
|
|
(188.7 |
) |
|
(640.9 |
) |
|
139.5 |
|
|
600.5 |
|
|
(89.6 |
) |
Margin deposits |
|
|
— |
|
|
0.8 |
|
|
— |
|
|
0.1 |
|
|
— |
|
|
0.9 |
|
Inventories—net |
|
|
— |
|
|
58.3 |
|
|
11.6 |
|
|
6.5 |
|
|
— |
|
|
76.4 |
|
Accrued income taxes |
|
|
— |
|
|
(292.7 |
) |
|
176.7 |
|
|
5.2 |
|
|
— |
|
|
(110.8 |
) |
Accounts and notes payable and accrued expenses |
|
|
0.4 |
|
|
608.0 |
|
|
8.6 |
|
|
(10.2 |
) |
|
(600.5 |
) |
|
6.3 |
|
Customer advances |
|
|
— |
|
|
(89.9 |
) |
|
(39.0 |
) |
|
(7.3 |
) |
|
— |
|
|
(136.2 |
) |
Other—net |
|
|
— |
|
|
(2.5 |
) |
|
33.9 |
|
|
(22.0 |
) |
|
— |
|
|
9.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
|
|
479.2 |
|
|
28.1 |
|
|
(18.7 |
) |
|
560.1 |
|
|
— |
|
|
1,048.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions to property, plant and equipment |
|
|
— |
|
|
(96.2 |
) |
|
(38.3 |
) |
|
(23.3 |
) |
|
— |
|
|
(157.8 |
) |
Proceeds from sale of property, plant and equipment and non-core assets |
|
|
— |
|
|
7.2 |
|
|
— |
|
|
— |
|
|
— |
|
|
7.2 |
|
Sales and maturities of short-term and auction rate securities |
|
|
— |
|
|
16.0 |
|
|
— |
|
|
— |
|
|
— |
|
|
16.0 |
|
Deposit to asset retirement funds |
|
|
— |
|
|
(2.2 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(2.2 |
) |
Other—net |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash (used in) investing activities |
|
|
— |
|
|
(75.2 |
) |
|
(38.3 |
) |
|
(23.3 |
) |
|
— |
|
|
(136.8 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments of long-term debt |
|
|
— |
|
|
— |
|
|
(13.0 |
) |
|
— |
|
|
— |
|
|
(13.0 |
) |
Financing fees |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Dividends paid on common stock |
|
|
(52.3 |
) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(52.3 |
) |
Dividends to/from affiliates |
|
|
52.3 |
|
|
(52.3 |
) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Distributions to/from noncontrolling interest |
|
|
— |
|
|
300.5 |
|
|
(39.3 |
) |
|
(454.5 |
) |
|
— |
|
|
(193.3 |
) |
Purchase of treasury stock |
|
|
(500.0 |
) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(500.0 |
) |
Issuances of common stock under employee stock plans |
|
|
5.4 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
5.4 |
|
Excess tax benefit from stock-based compensation |
|
|
15.4 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
15.4 |
|
Other—net |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash (used in) provided by financing activities |
|
|
(479.2 |
) |
|
248.2 |
|
|
(52.3 |
) |
|
(454.5 |
) |
|
— |
|
|
(737.8 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rate changes on cash and cash equivalents |
|
|
— |
|
|
(6.0 |
) |
|
— |
|
|
7.9 |
|
|
— |
|
|
1.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (decrease) in cash and cash equivalents |
|
|
— |
|
|
195.1 |
|
|
(109.3 |
) |
|
90.2 |
|
|
— |
|
|
176.0 |
|
Cash and cash equivalents at beginning of period |
|
|
— |
|
|
98.7 |
|
|
300.2 |
|
|
808.1 |
|
|
— |
|
|
1,207.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period |
|
$ |
— |
|
$ |
293.8 |
|
$ |
190.9 |
|
$ |
898.3 |
|
$ |
— |
|
$ |
1,383.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2011 |
|
|
|
Parent |
|
CFI |
|
Guarantor
Subsidiaries |
|
Non-Guarantor
Subsidiaries |
|
Eliminations |
|
Consolidated |
|
|
|
(in millions)
|
|
Operating Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings |
|
$ |
769.4 |
|
$ |
770.4 |
|
$ |
364.0 |
|
$ |
533.1 |
|
$ |
(1,560.5 |
) |
$ |
876.4 |
|
Adjustments to reconcile net earnings to net cash provided by operating activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation, depletion and amortization |
|
|
— |
|
|
73.9 |
|
|
69.4 |
|
|
70.0 |
|
|
— |
|
|
213.3 |
|
Deferred income taxes |
|
|
2.2 |
|
|
10.8 |
|
|
19.0 |
|
|
(6.2 |
) |
|
— |
|
|
25.8 |
|
Stock compensation expense |
|
|
4.7 |
|
|
— |
|
|
— |
|
|
0.4 |
|
|
— |
|
|
5.1 |
|
Excess tax benefit from stock-based compensation |
|
|
(18.6 |
) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(18.6 |
) |
Unrealized gain on derivatives |
|
|
— |
|
|
11.3 |
|
|
0.4 |
|
|
1.8 |
|
|
— |
|
|
13.5 |
|
(Gain) loss on disposal of property, plant and equipment and non-core assets |
|
|
— |
|
|
(33.3 |
) |
|
2.4 |
|
|
1.5 |
|
|
— |
|
|
(29.4 |
) |
Undistributed (earnings) loss of affiliates—net |
|
|
(770.4 |
) |
|
(479.2 |
) |
|
(317.4 |
) |
|
(46.1 |
) |
|
1,560.5 |
|
|
(52.6 |
) |
Due to/from affiliates—net |
|
|
(14.5 |
) |
|
17.5 |
|
|
230.7 |
|
|
(233.7 |
) |
|
— |
|
|
— |
|
Changes in (net of effects of acquisition): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts and notes receivable—net |
|
|
— |
|
|
235.2 |
|
|
(26.4 |
) |
|
(189.6 |
) |
|
(197.9 |
) |
|
(178.7 |
) |
Margin deposits |
|
|
— |
|
|
2.6 |
|
|
— |
|
|
1.7 |
|
|
— |
|
|
4.3 |
|
Inventories—net |
|
|
— |
|
|
(3.7 |
) |
|
(10.6 |
) |
|
10.4 |
|
|
— |
|
|
(3.9 |
) |
Accrued income taxes |
|
|
— |
|
|
(72.7 |
) |
|
134.6 |
|
|
14.9 |
|
|
— |
|
|
76.8 |
|
Accounts and notes payable and accrued expenses |
|
|
— |
|
|
32.4 |
|
|
(206.1 |
) |
|
(1.7 |
) |
|
197.9 |
|
|
22.5 |
|
Customer advances |
|
|
— |
|
|
(18.4 |
) |
|
45.3 |
|
|
(57.3 |
) |
|
— |
|
|
(30.4 |
) |
Other—net |
|
|
— |
|
|
1.4 |
|
|
(5.0 |
) |
|
1.6 |
|
|
— |
|
|
(2.0 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash (used in) provided by operating activities |
|
|
(27.2 |
) |
|
548.2 |
|
|
300.3 |
|
|
100.8 |
|
|
— |
|
|
922.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions to property, plant and equipment |
|
|
— |
|
|
(57.8 |
) |
|
(37.9 |
) |
|
(9.8 |
) |
|
— |
|
|
(105.5 |
) |
Proceeds from sale of property, plant and equipment and non-core assets |
|
|
— |
|
|
45.1 |
|
|
2.4 |
|
|
— |
|
|
— |
|
|
47.5 |
|
Sales and maturities of short-term and auction rate securities |
|
|
— |
|
|
24.6 |
|
|
— |
|
|
— |
|
|
— |
|
|
24.6 |
|
Other—net |
|
|
— |
|
|
— |
|
|
— |
|
|
31.3 |
|
|
— |
|
|
31.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) investing activities |
|
|
— |
|
|
11.9 |
|
|
(35.5 |
) |
|
21.5 |
|
|
— |
|
|
(2.1 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments of long-term debt |
|
|
— |
|
|
(346.0 |
) |
|
— |
|
|
— |
|
|
|
|
|
(346.0 |
) |
Dividends paid on common stock |
|
|
(14.3 |
) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(14.3 |
) |
Dividends to/from affiliates |
|
|
14.3 |
|
|
(14.3 |
) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Distributions to noncontrolling interest |
|
|
— |
|
|
— |
|
|
(28.6 |
) |
|
— |
|
|
— |
|
|
(28.6 |
) |
Issuances of common stock under employee stock plans |
|
|
8.6 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
8.6 |
|
Excess tax benefit from stock-based compensation |
|
|
18.6 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
18.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities |
|
|
27.2 |
|
|
(360.3 |
) |
|
(28.6 |
) |
|
— |
|
|
— |
|
|
(361.7 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rate changes on cash and cash equivalents |
|
|
— |
|
|
(7.8 |
) |
|
— |
|
|
7.4 |
|
|
— |
|
|
(0.4 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase in cash and cash equivalents |
|
|
— |
|
|
192.0 |
|
|
236.2 |
|
|
129.7 |
|
|
— |
|
|
557.9 |
|
Cash and cash equivalents at beginning of period |
|
|
— |
|
|
136.2 |
|
|
164.0 |
|
|
497.5 |
|
|
— |
|
|
797.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period |
|
$ |
— |
|
$ |
328.2 |
|
$ |
400.2 |
|
$ |
627.2 |
|
$ |
— |
|
$ |
1,355.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|