XML 21 R8.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 Income $ 1,192.2 $ 1,246.7 $ 1,203.4
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 168.3 177.7 181.8
Amortization of intangible assets 113.8 115.2 109.3
Amortization of deferred gain on interest rate swaps (12.9) (15.4) (9.2)
Share-based compensation 80.2 93.4 99.4
Impact of Tax Act 106.3 0.0 0.0
Other, net 27.5 32.0 55.3
Increase in operating capital 348.5 302.8 559.5
Net Cash Provided By Operating Activities 2,023.9 1,952.4 2,199.5
Cash Flows from Investing Activities:      
Capital expenditures (156.0) (165.5) (202.7)
Acquisition of businesses and interests in affiliates, net of cash acquired (26.3) (308.8) (60.3)
Sale (purchase) of investments, net 66.9 (7.3) (0.5)
Net Cash Used In Investing Activities (115.4) (481.6) (263.5)
Cash Flows from Financing Activities:      
Change in short-term debt (18.1) (1.2) (1.1)
Proceeds from borrowings 0.0 1,389.6 0.0
Repayment of debt 0.0 (1,000.0) 0.0
Dividends paid to common shareholders (515.2) (505.4) (496.7)
Repurchases of common stock (568.4) (602.2) (727.5)
Proceeds from stock plans 10.7 26.8 20.1
Acquisition of additional noncontrolling interests (17.0) (72.7) (33.5)
Dividends paid to noncontrolling interest shareholders (101.7) (87.2) (129.4)
Payment of contingent purchase price obligations (108.4) (110.5) (55.3)
Other, net (24.5) (35.5) (32.9)
Net Cash Used In Financing Activities (1,342.6) (998.3) (1,456.3)
Effect of foreign exchange rate changes on cash and cash equivalents 227.9 (75.5) (262.6)
Net Increase in Cash and Cash Equivalents 793.8 397.0 217.1
Cash and Cash Equivalents at the Beginning of Year 3,002.2 2,605.2 2,388.1
Cash and Cash Equivalents at the End of Year $ 3,796.0 $ 3,002.2 $ 2,605.2