XML 27 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net earnings $ 276.7 $ 231.2 $ 154.3
Discontinued operations, net of tax 0.0 0.0 (0.4)
Adjustments to arrive at net cash provided by (used in) operating activities:      
Gain (Loss) on Extinguishment of Debt 43.1 0.0 0.0
Depreciation and amortization 66.9 66.9 53.2
Stock settled share-based compensation 16.2 16.6 14.6
(Gain) Loss on Disposition of Business 0.0 84.4 102.8
Marketable Securities, Realized (Gain) Loss, Excluding Other than Temporary Impairments 0.0 (12.4) (11.0)
(Gain)/loss on sale of property, plant and equipment (0.1) 1.3 0.9
Equity earnings, net of dividends (5.3) (3.2) 0.3
Pension Contributions (50.0) 0.0 0.0
Deferred Income Tax Expense (Benefit) 24.9 6.3 (2.0)
Other items 3.0 (7.7) (14.6)
Changes in other assets and liabilities      
Accounts and notes receivable (22.7) (19.8) (13.5)
Inventories (4.4) (15.6) (5.8)
Other current and noncurrent assets 3.5 62.0 (5.0)
Accounts payable 0.4 3.4 (14.7)
Other current and noncurrent liabilities (5.0) (35.9) (2.5)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations 347.2 377.5 257.4
Net cash (used in) provided by discontinued operating activities 0.0 0.0 (0.4)
Net cash provided by (used in) operating activities 347.2 377.5 257.0
Cash flows from investing activities:      
Capital expenditures (49.3) (42.5) (35.2)
Acquisition of businesses, net of cash acquired (20.8) (31.4) (511.3)
Proceeds from sale of property, plant and equipment 3.1 0.1 0.3
Proceeds from Sale of Equity Method Investments 15.6 0.0 0.0
Proceeds from business dispositions, net of cash sold 1.2 (4.3) 0.1
Proceeds from Sale and Maturity of Marketable Securities 0.0 14.1 12.3
Net cash provided by (used in) investing activities (50.2) (64.0) (533.8)
Net Cash Provided by (Used in) Financing Activities [Abstract]      
Other short-term borrowings (net) (1.3) (17.4) 18.8
Proceeds from Lines of Credit 165.0 0.0 400.0
Proceeds from Issuance of Long-term Debt 700.0 0.0 0.0
Repayments of Secured Debt (856.3) 0.0 0.0
Proceeds from Issuance of Unsecured Debt 800.0 0.0 300.0
Repayments of Unsecured Debt (600.0) 0.0 0.0
Payments of long-term debt (197.3) (47.0) (440.5)
Net proceeds (repayments) in debt 10.1 (64.4) 278.3
Debt issuance costs (9.5) (0.3) (9.0)
Redemption Premium (33.2) 0.0 0.0
Dividends paid to ordinary shareholders (60.9) (46.0) (38.3)
Dividends paid to noncontrolling interests (1.8) (2.7) (20.0)
Repurchase of ordinary shares (60.0) (85.1) (30.0)
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options 7.2 5.8 11.0
Other, net (2.8) (3.3) 3.0
Net cash (used in) provided by continuing financing activities (150.9) (196.0) 195.0
Effect of exchange rate changes on cash and cash equivalents 7.7 (4.8) (9.0)
Net increase (decrease) in cash and cash equivalents 153.8 112.7 (90.8)
Cash and cash equivalents - beginning of period 312.4 199.7 290.5
Cash and cash equivalents - end of period $ 466.2 $ 312.4 $ 199.7