XML 53 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Statement of Cash Flows [Abstract]    
Document Period End Date Jun. 30, 2013  
Operating activities:    
Net income attributable to common shareholders $ 112,665 $ 114,224
Noncontrolling interests in subsidiaries' earnings 691 319
Net income before allocation to noncontrolling interests 113,356 114,543
Gain on divestitures 0 (28,060)
Restructuring - Non Cash 0 2,761
Depreciation and amortization 25,724 29,948
Stock-based compensation expense 10,386 8,458
Defined benefit plans and postretirement expense 2,359 9,973
Deferred income taxes 9,647 15,743
Cash used for working capital (114,085) (90,614)
Defined benefit plans and postretirement contributions (10,521) (2,821)
Environmental payments, net of reimbursements (5,475) (7,303)
Payments for asbestos-related fees and costs, net of insurance recoveries (28,940) (39,217)
Other 8,094 2,691
Total provided by operating activities 10,545 16,102
Investing activities:    
Capital expenditures (12,039) (13,780)
Proceeds from disposition of capital assets 287 1,858
Proceeds from Divestiture of Businesses   52,665
Total provided by (used for) investing activities (11,752) 40,743
Equity:    
Dividends paid (32,338) (30,075)
Reacquisition of shares on open market 0 (29,991)
Stock options exercised - net of shares reacquired 20,042 8,426
Excess tax benefit from stock-based compensation 4,922 3,278
Debt:    
Net decrease in short-term debt 12,905 0
Total used for financing activities 5,531 (48,362)
Effect of exchange rates on cash and cash equivalents (7,353) (1,273)
Increase (decrease) in cash and cash equivalents (3,029) 7,210
Cash and cash equivalents at beginning of period 423,947 245,089
Cash and cash equivalents at end of period 420,918 252,299
Detail of cash used for working capital:    
Accounts receivable (48,925) (72,308)
Inventories (13,074) (7,894)
Other current assets (10) (3,670)
Accounts payable (10,840) (11,111)
Accrued liabilities (31,689) (14,435)
U.S. and foreign taxes on income (9,547) 18,804
Total (114,085) (90,614)
Supplemental disclosure of cash flow information:    
Interest paid 13,640 13,362
Income taxes paid $ 44,844 $ 13,799