|
Condensed Consolidating Financial Statements (Details 4) (USD $)
In Millions, unless otherwise specified
|
3 Months Ended |
9 Months Ended |
|
Sep. 30, 2012
|
Sep. 30, 2011
|
Sep. 30, 2012
|
Sep. 30, 2011
|
| Operating Activities: |
|
|
|
|
| Net earnings |
$ 458.1 |
$ 382.4 |
$ 1,568.1 |
$ 1,258.8 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
|
|
| Depreciation, depletion and amortization |
|
|
318.7 |
314.9 |
| Deferred income taxes |
|
|
32.8 |
16.4 |
| Stock compensation expense |
|
|
8.8 |
8.0 |
| Excess tax benefit from stock-based compensation |
(14.6) |
(7.1) |
(30.0) |
(25.7) |
| Unrealized (gain) loss on derivatives |
|
|
(61.5) |
27.6 |
| (Gain) loss on disposal of property, plant and equipment and non-core assets |
|
|
4.0 |
7.4 |
| Undistributed (earnings) of affiliates - net |
|
|
(59.0) |
(51.5) |
| Changes in: |
|
|
|
|
| Account and notes receivable - net |
|
|
(67.8) |
(33.7) |
| Margin deposits |
|
|
0.8 |
4.4 |
| Inventories - net |
|
|
3.2 |
(75.1) |
| Accrued income taxes |
|
|
(200.1) |
21.2 |
| Accounts and notes payable and accrued expenses |
|
|
64.0 |
42.5 |
| Customer advances |
|
|
360.1 |
446.8 |
| Other - net |
|
|
12.2 |
(6.9) |
| Net cash provided by operating activities |
|
|
1,954.3 |
1,955.1 |
| Investing Activities: |
|
|
|
|
| Additions to property, plant and equipment |
|
|
(261.4) |
(169.2) |
| Proceeds from the sale of property, plant and equipment and non-core assets |
|
|
11.6 |
51.3 |
| Sales and maturities of short-term and auction rate securities |
|
|
31.0 |
36.9 |
| Deposits to asset retirement funds |
|
|
(2.2) |
|
| Other - net |
|
|
|
31.2 |
| Net cash used in investing activities |
|
|
(221.0) |
(49.8) |
| Financing Activities: |
|
|
|
|
| Payments of long-term debt |
|
|
(13.0) |
(346.0) |
| Advances from unconsolidated affiliates |
|
|
40.5 |
|
| Dividends paid on common stock |
|
|
(77.4) |
(42.6) |
| Distributions to noncontrolling interests |
|
|
(212.8) |
(127.4) |
| Financing fees |
|
|
|
(1.5) |
| Purchase of treasury stock |
|
|
(500.0) |
(801.9) |
| Issuances of common stock under employee stock plans |
|
|
12.6 |
14.5 |
| Excess tax benefit from stock-based compensation |
|
|
30.0 |
25.7 |
| Net cash used in financing activities |
|
|
(720.1) |
(1,279.2) |
| Effect of exchange rate changes on cash and cash equivalents |
|
|
1.1 |
2.3 |
| Increase in cash and cash equivalents |
|
|
1,014.3 |
628.4 |
| Cash and cash equivalents at beginning of period |
|
|
1,207.0 |
797.7 |
| Cash and cash equivalents at end of period |
2,221.3 |
1,426.1 |
2,221.3 |
1,426.1 |
|
Parent | Condensed Consolidating Financial Information Relating to Senior Notes
|
|
|
|
|
| Operating Activities: |
|
|
|
|
| Net earnings |
403.3 |
330.9 |
1,378.0 |
1,100.3 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
|
|
| Deferred income taxes |
|
|
|
2.0 |
| Stock compensation expense |
|
|
8.0 |
7.3 |
| Excess tax benefit from stock-based compensation |
|
|
(30.0) |
(25.7) |
| Undistributed (earnings) of affiliates - net |
|
|
(1,379.3) |
(1,101.8) |
| Due to / from affiliates - net |
|
|
480.7 |
780.7 |
| Changes in: |
|
|
|
|
| Accounts and notes payable and accrued expenses |
|
|
|
(0.9) |
| Other - net |
|
|
|
(0.2) |
| Net cash provided by operating activities |
|
|
457.4 |
761.7 |
| Financing Activities: |
|
|
|
|
| Dividends paid on common stock |
|
|
(77.4) |
(42.6) |
| Dividends to / from affiliates |
|
|
77.4 |
42.6 |
| Purchase of treasury stock |
|
|
(500.0) |
(801.9) |
| Issuances of common stock under employee stock plans |
|
|
12.6 |
14.5 |
| Excess tax benefit from stock-based compensation |
|
|
30.0 |
25.7 |
| Net cash used in financing activities |
|
|
(457.4) |
(761.7) |
|
Parent | Condensed Consolidating Financial Information Relating to Shelf Registration Statement
|
|
|
|
|
| Operating Activities: |
|
|
|
|
| Net earnings |
403.3 |
330.9 |
1,378.0 |
1,100.3 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
|
|
| Deferred income taxes |
|
|
|
2.0 |
| Stock compensation expense |
|
|
8.0 |
7.3 |
| Excess tax benefit from stock-based compensation |
|
|
(30.0) |
(25.7) |
| Undistributed (earnings) of affiliates - net |
|
|
(1,379.3) |
(1,101.8) |
| Due to / from affiliates - net |
|
|
480.7 |
780.7 |
| Changes in: |
|
|
|
|
| Accounts and notes payable and accrued expenses |
|
|
|
(0.9) |
| Other - net |
|
|
|
(0.2) |
| Net cash provided by operating activities |
|
|
457.4 |
761.7 |
| Financing Activities: |
|
|
|
|
| Dividends paid on common stock |
|
|
(77.4) |
(42.6) |
| Dividends to / from affiliates |
|
|
77.4 |
42.6 |
| Purchase of treasury stock |
|
|
(500.0) |
(801.9) |
| Issuances of common stock under employee stock plans |
|
|
12.6 |
14.5 |
| Excess tax benefit from stock-based compensation |
|
|
30.0 |
25.7 |
| Net cash used in financing activities |
|
|
(457.4) |
(761.7) |
|
CFI | Condensed Consolidating Financial Information Relating to Senior Notes
|
|
|
|
|
| Operating Activities: |
|
|
|
|
| Net earnings |
403.5 |
331.4 |
1,379.3 |
1,101.8 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
|
|
| Depreciation, depletion and amortization |
|
|
94.0 |
103.4 |
| Deferred income taxes |
|
|
20.7 |
(12.9) |
| Unrealized (gain) loss on derivatives |
|
|
(52.3) |
23.7 |
| (Gain) loss on disposal of property, plant and equipment and non-core assets |
|
|
1.3 |
(32.0) |
| Undistributed (earnings) of affiliates - net |
|
|
(887.9) |
(698.7) |
| Due to / from affiliates - net |
|
|
(480.4) |
(781.1) |
| Changes in: |
|
|
|
|
| Account and notes receivable - net |
|
|
(35.5) |
491.0 |
| Margin deposits |
|
|
0.8 |
2.6 |
| Inventories - net |
|
|
(14.4) |
(77.2) |
| Accrued income taxes |
|
|
(455.7) |
(203.7) |
| Accounts and notes payable and accrued expenses |
|
|
662.0 |
276.1 |
| Customer advances |
|
|
223.6 |
322.8 |
| Other - net |
|
|
(8.2) |
1.9 |
| Net cash provided by operating activities |
|
|
447.3 |
517.7 |
| Investing Activities: |
|
|
|
|
| Additions to property, plant and equipment |
|
|
(149.4) |
(93.2) |
| Proceeds from the sale of property, plant and equipment and non-core assets |
|
|
7.5 |
48.9 |
| Sales and maturities of short-term and auction rate securities |
|
|
31.0 |
33.8 |
| Deposits to asset retirement funds |
|
|
(2.2) |
|
| Net cash used in investing activities |
|
|
(113.1) |
(10.5) |
| Financing Activities: |
|
|
|
|
| Payments of long-term debt |
|
|
|
(346.0) |
| Dividends to / from affiliates |
|
|
(77.4) |
(42.6) |
| Distributions to noncontrolling interests |
|
|
300.5 |
153.0 |
| Financing fees |
|
|
|
(1.5) |
| Net cash used in financing activities |
|
|
223.1 |
(237.1) |
| Effect of exchange rate changes on cash and cash equivalents |
|
|
(14.2) |
9.8 |
| Increase in cash and cash equivalents |
|
|
543.1 |
279.9 |
| Cash and cash equivalents at beginning of period |
|
|
98.7 |
136.2 |
| Cash and cash equivalents at end of period |
641.8 |
416.1 |
641.8 |
416.1 |
|
CFI | Condensed Consolidating Financial Information Relating to Shelf Registration Statement
|
|
|
|
|
| Operating Activities: |
|
|
|
|
| Net earnings |
403.5 |
331.4 |
1,379.3 |
1,101.8 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
|
|
| Depreciation, depletion and amortization |
|
|
94.0 |
103.4 |
| Deferred income taxes |
|
|
20.7 |
(12.9) |
| Unrealized (gain) loss on derivatives |
|
|
(52.3) |
23.7 |
| (Gain) loss on disposal of property, plant and equipment and non-core assets |
|
|
1.3 |
(32.0) |
| Undistributed (earnings) of affiliates - net |
|
|
(887.9) |
(698.7) |
| Due to / from affiliates - net |
|
|
(480.4) |
(781.1) |
| Changes in: |
|
|
|
|
| Account and notes receivable - net |
|
|
(35.5) |
491.0 |
| Margin deposits |
|
|
0.8 |
2.6 |
| Inventories - net |
|
|
(14.4) |
(77.2) |
| Accrued income taxes |
|
|
(455.7) |
(203.7) |
| Accounts and notes payable and accrued expenses |
|
|
662.0 |
276.1 |
| Customer advances |
|
|
223.6 |
322.8 |
| Other - net |
|
|
(8.2) |
1.9 |
| Net cash provided by operating activities |
|
|
447.3 |
517.7 |
| Investing Activities: |
|
|
|
|
| Additions to property, plant and equipment |
|
|
(149.4) |
(93.2) |
| Proceeds from the sale of property, plant and equipment and non-core assets |
|
|
7.5 |
48.9 |
| Sales and maturities of short-term and auction rate securities |
|
|
31.0 |
33.8 |
| Deposits to asset retirement funds |
|
|
(2.2) |
|
| Net cash used in investing activities |
|
|
(113.1) |
(10.5) |
| Financing Activities: |
|
|
|
|
| Payments of long-term debt |
|
|
|
(346.0) |
| Dividends to / from affiliates |
|
|
(77.4) |
(42.6) |
| Distributions to noncontrolling interests |
|
|
300.5 |
153.0 |
| Financing fees |
|
|
|
(1.5) |
| Net cash used in financing activities |
|
|
223.1 |
(237.1) |
| Effect of exchange rate changes on cash and cash equivalents |
|
|
(14.2) |
9.8 |
| Increase in cash and cash equivalents |
|
|
543.1 |
279.9 |
| Cash and cash equivalents at beginning of period |
|
|
98.7 |
136.2 |
| Cash and cash equivalents at end of period |
641.8 |
416.1 |
641.8 |
416.1 |
|
Subsidiaries | Condensed Consolidating Financial Information Relating to Senior Notes
|
|
|
|
|
| Operating Activities: |
|
|
|
|
| Net earnings |
332.7 |
277.2 |
1,075.9 |
857.3 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
|
|
| Depreciation, depletion and amortization |
|
|
224.7 |
211.5 |
| Deferred income taxes |
|
|
12.1 |
27.3 |
| Stock compensation expense |
|
|
0.8 |
0.7 |
| Unrealized (gain) loss on derivatives |
|
|
(9.2) |
3.9 |
| (Gain) loss on disposal of property, plant and equipment and non-core assets |
|
|
2.7 |
39.4 |
| Undistributed (earnings) of affiliates - net |
|
|
(56.9) |
(51.6) |
| Due to / from affiliates - net |
|
|
(0.3) |
0.4 |
| Changes in: |
|
|
|
|
| Account and notes receivable - net |
|
|
(634.1) |
(275.3) |
| Margin deposits |
|
|
|
1.8 |
| Inventories - net |
|
|
17.6 |
2.1 |
| Accrued income taxes |
|
|
255.6 |
224.9 |
| Accounts and notes payable and accrued expenses |
|
|
3.8 |
(482.1) |
| Customer advances |
|
|
136.5 |
124.0 |
| Other - net |
|
|
20.4 |
(8.6) |
| Net cash provided by operating activities |
|
|
1,049.6 |
675.7 |
| Investing Activities: |
|
|
|
|
| Additions to property, plant and equipment |
|
|
(112.0) |
(76.0) |
| Proceeds from the sale of property, plant and equipment and non-core assets |
|
|
4.1 |
2.4 |
| Sales and maturities of short-term and auction rate securities |
|
|
|
3.1 |
| Other - net |
|
|
|
31.2 |
| Net cash used in investing activities |
|
|
(107.9) |
(39.3) |
| Financing Activities: |
|
|
|
|
| Payments of long-term debt |
|
|
(13.0) |
|
| Advances from unconsolidated affiliates |
|
|
40.5 |
|
| Distributions to noncontrolling interests |
|
|
(513.3) |
(280.4) |
| Net cash used in financing activities |
|
|
(485.8) |
(280.4) |
| Effect of exchange rate changes on cash and cash equivalents |
|
|
15.3 |
(7.5) |
| Increase in cash and cash equivalents |
|
|
471.2 |
348.5 |
| Cash and cash equivalents at beginning of period |
|
|
1,108.3 |
661.5 |
| Cash and cash equivalents at end of period |
1,579.5 |
1,010.0 |
1,579.5 |
1,010.0 |
|
Guarantor Subsidiaries | Condensed Consolidating Financial Information Relating to Shelf Registration Statement
|
|
|
|
|
| Operating Activities: |
|
|
|
|
| Net earnings |
209.1 |
156.6 |
657.3 |
520.6 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
|
|
| Depreciation, depletion and amortization |
|
|
113.1 |
105.9 |
| Deferred income taxes |
|
|
24.5 |
35.1 |
| Unrealized (gain) loss on derivatives |
|
|
|
(0.4) |
| (Gain) loss on disposal of property, plant and equipment and non-core assets |
|
|
2.7 |
37.9 |
| Undistributed (earnings) of affiliates - net |
|
|
(545.1) |
(487.1) |
| Due to / from affiliates - net |
|
|
393.7 |
374.4 |
| Changes in: |
|
|
|
|
| Account and notes receivable - net |
|
|
(632.2) |
(2.2) |
| Inventories - net |
|
|
1.2 |
(10.7) |
| Accrued income taxes |
|
|
241.4 |
208.1 |
| Accounts and notes payable and accrued expenses |
|
|
4.5 |
(679.3) |
| Customer advances |
|
|
134.6 |
175.0 |
| Other - net |
|
|
43.5 |
(4.7) |
| Net cash provided by operating activities |
|
|
439.2 |
272.6 |
| Investing Activities: |
|
|
|
|
| Additions to property, plant and equipment |
|
|
(64.6) |
(59.2) |
| Proceeds from the sale of property, plant and equipment and non-core assets |
|
|
4.1 |
2.4 |
| Net cash used in investing activities |
|
|
(60.5) |
(56.8) |
| Financing Activities: |
|
|
|
|
| Payments of long-term debt |
|
|
(13.0) |
|
| Distributions to noncontrolling interests |
|
|
(58.8) |
(45.9) |
| Net cash used in financing activities |
|
|
(71.8) |
(45.9) |
| Increase in cash and cash equivalents |
|
|
306.9 |
169.9 |
| Cash and cash equivalents at beginning of period |
|
|
300.2 |
164.0 |
| Cash and cash equivalents at end of period |
607.1 |
333.9 |
607.1 |
333.9 |
|
Non-Guarantor Subsidiaries | Condensed Consolidating Financial Information Relating to Shelf Registration Statement
|
|
|
|
|
| Operating Activities: |
|
|
|
|
| Net earnings |
301.6 |
290.5 |
961.3 |
823.6 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
|
|
| Depreciation, depletion and amortization |
|
|
111.6 |
105.6 |
| Deferred income taxes |
|
|
(12.4) |
(7.8) |
| Stock compensation expense |
|
|
0.8 |
0.7 |
| Unrealized (gain) loss on derivatives |
|
|
(9.2) |
4.3 |
| (Gain) loss on disposal of property, plant and equipment and non-core assets |
|
|
|
1.5 |
| Undistributed (earnings) of affiliates - net |
|
|
(54.5) |
(51.4) |
| Due to / from affiliates - net |
|
|
(394.0) |
(374.0) |
| Changes in: |
|
|
|
|
| Account and notes receivable - net |
|
|
(1.9) |
(273.1) |
| Margin deposits |
|
|
|
1.8 |
| Inventories - net |
|
|
16.4 |
12.8 |
| Accrued income taxes |
|
|
14.2 |
16.8 |
| Accounts and notes payable and accrued expenses |
|
|
(0.7) |
197.2 |
| Customer advances |
|
|
1.9 |
(51.0) |
| Other - net |
|
|
(23.1) |
(3.9) |
| Net cash provided by operating activities |
|
|
610.4 |
403.1 |
| Investing Activities: |
|
|
|
|
| Additions to property, plant and equipment |
|
|
(47.4) |
(16.8) |
| Sales and maturities of short-term and auction rate securities |
|
|
|
3.1 |
| Other - net |
|
|
|
31.2 |
| Net cash used in investing activities |
|
|
(47.4) |
17.5 |
| Financing Activities: |
|
|
|
|
| Advances from unconsolidated affiliates |
|
|
40.5 |
|
| Distributions to noncontrolling interests |
|
|
(454.5) |
(234.5) |
| Net cash used in financing activities |
|
|
(414.0) |
(234.5) |
| Effect of exchange rate changes on cash and cash equivalents |
|
|
15.3 |
(7.5) |
| Increase in cash and cash equivalents |
|
|
164.3 |
178.6 |
| Cash and cash equivalents at beginning of period |
|
|
808.1 |
497.5 |
| Cash and cash equivalents at end of period |
972.4 |
676.1 |
972.4 |
676.1 |
|
Eliminations | Condensed Consolidating Financial Information Relating to Senior Notes
|
|
|
|
|
| Operating Activities: |
|
|
|
|
| Net earnings |
(681.4) |
(557.1) |
(2,265.1) |
(1,800.6) |
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
|
|
| Undistributed (earnings) of affiliates - net |
|
|
2,265.1 |
1,800.6 |
| Changes in: |
|
|
|
|
| Account and notes receivable - net |
|
|
601.8 |
(249.4) |
| Accounts and notes payable and accrued expenses |
|
|
(601.8) |
249.4 |
|
Eliminations | Condensed Consolidating Financial Information Relating to Shelf Registration Statement
|
|
|
|
|
| Operating Activities: |
|
|
|
|
| Net earnings |
(859.4) |
(727.0) |
(2,807.8) |
(2,287.5) |
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
|
|
| Undistributed (earnings) of affiliates - net |
|
|
2,807.8 |
2,287.5 |
| Changes in: |
|
|
|
|
| Account and notes receivable - net |
|
|
601.8 |
(249.4) |
| Accounts and notes payable and accrued expenses |
|
|
$ (601.8) |
$ 249.4 |