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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating activities:    
Net income attributable to common shareholders $ 114,224 $ 98,904
Noncontrolling interests in subsidiaries' earnings 319 11
Net income before allocation to noncontrolling interests 114,543 98,915
Gain on divestitures (28,060) (4,258)
Restructuring - Non Cash 2,761  
Depreciation and amortization 29,948 31,627
Stock-based compensation expense 8,458 7,274
Defined benefit plans and postretirement expense 9,973 3,592
Deferred income taxes 15,743 13,520
Cash used for working capital (90,614) (85,391)
Defined benefit plans and postretirement contributions (2,821) (10,358)
Environmental payments, net of reimbursements (7,303) (6,134)
Payments for asbestos-related fees and costs, net of insurance recoveries (39,217) (35,621)
Other 2,691 2,037
Total provided by operating activities 16,102 15,203
Investing activities:    
Capital expenditures (13,780) (18,282)
Proceeds from disposition of capital assets 1,858 4,530
Proceeds from divestitures 52,665 1,000
Total provided by (used for) investing activities 40,743 (12,752)
Equity:    
Dividends paid (30,075) (26,859)
Reacquisition of shares on open market (29,991) (49,999)
Stock options exercised - net of shares reacquired 8,426 17,024
Excess tax benefit from stock-based compensation 3,278 5,359
Debt:    
Net decrease in short-term debt   (530)
Total used for financing activities (48,362) (55,005)
Effect of exchange rates on cash and cash equivalents (1,273) 10,978
Increase (decrease) in cash and cash equivalents 7,210 (41,576)
Cash and cash equivalents at beginning of period 245,089 272,941
Cash and cash equivalents at end of period 252,299 231,365
Detail of cash used for working capital:    
Accounts receivable (72,308) (67,526)
Inventories (7,894) (34,699)
Other current assets (3,670) (1,726)
Accounts payable (11,111) 19,464
Accrued liabilities (14,435) (11,142)
U.S. and foreign taxes on income 18,804 10,238
Total (90,614) (85,391)
Supplemental disclosure of cash flow information:    
Interest paid 13,362 12,996
Income taxes paid $ 13,799 $ 15,734