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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING ACTIVITIES    
Net earnings $ 40.1 $ 11.9
Adjustments to reconcile net earnings to net cash used in operating activities:    
Impairment (income) charges – net (0.8) 0.8
Depreciation and amortization 107.0 113.4
Provision for doubtful accounts receivable 4.1 5.9
Share-based compensation 3.5 3.5
Deferred income taxes 1.8 (8.0)
Changes in uncertain tax positions (1.3) (1.5)
Gain on investments and other assets - net (12.2) (0.2)
Loss related to Venezuela currency remeasurement - net   29.9
Net pension and other postretirement benefits plan income (18.9) (10.8)
Other 0.2 11.8
Changes in operating assets and liabilities - net of acquisitions:    
Accounts receivable - net 55.0 9.8
Inventories (11.0) (1.0)
Prepaid expenses and other current assets (9.0) (3.4)
Accounts payable (316.0) (173.7)
Income taxes payable and receivable 8.6 4.1
Accrued liabilities and other (35.9) (128.5)
Pension and other postretirement benefits plan contributions (8.0) (8.3)
Net cash used in operating activities (192.8) (144.3)
INVESTING ACTIVITIES    
Capital expenditures (48.1) (48.5)
Acquisitions of businesses, net of cash acquired   (2.0)
Disposition of businesses 13.4 (0.2)
Proceeds from sales of investments and other assets 2.3 5.4
Transfers from restricted cash 5.0  
Other investing activities (2.1) (0.4)
Net cash used in investing activities (29.5) (45.7)
FINANCING ACTIVITIES    
Net change in short-term debt 1.0 1.7
Payments of current maturities and long-term debt (1.4) (0.3)
Net proceeds from credit facility borrowings 145.0  
Dividends paid (54.3) (52.0)
Other financing activities 1.7 3.0
Net cash provided by (used in) financing activities 92.0 (47.6)
Effect of exchange rate on cash and cash equivalents 4.4 (21.6)
Net decrease in cash and cash equivalents (125.9) (259.2)
Cash and cash equivalents at beginning of year 389.6 527.9
Cash and cash equivalents at end of period 263.7 $ 268.7
Supplemental non-cash disclosure:    
Assumption of warehousing equipment related to customer contract $ 8.8