XML 46 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements Of Cash Flow (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash Flow From Operating Activities    
Net Income $ 102.6 $ 107.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 14.7 15.8
Amortization expense 8.1 7.8
Deferred income taxes 5.2 2.8
Equity in net earnings of affiliates (1.6) (0.6)
Distributions from unconsolidated affiliates 2.2 2.1
Non cash compensation expense 2.3 1.7
Other 0.9 0.3
Change in assets and liabilities:    
Accounts receivable (13.8) (30.9)
Inventories (14.3) (14.7)
Other current assets (2.7) (4.0)
Accounts payable and accrued expenses (27.7) (13.4)
Income taxes payable 37.1 2.6
Excess tax benefit on stock options exercised (6.1) (3.5)
Other operating assets and liabilities, net (4.5) (1.4)
Net Cash Provided By Operating Activities 102.4 72.3
Cash Flow From Investing Activities    
Additions to property, plant and equipment (6.3) (10.4)
Investment interest in joint venture 0 (3.2)
Investment in marketable securities 0 (19.7)
Other (0.3) 0
Net Cash Used In Investing Activities (6.6) (33.3)
Cash Flow From Financing Activities    
Short-term debt repayments (0.5) (50.0)
Proceeds from stock options exercised 7.2 5.8
Excess tax benefit on stock options exercised 6.1 3.5
Payment of cash dividends (42.5) (38.6)
Purchase of treasury stock (260.0) (50.3)
Lease incentive proceeds 0 10.9
Lease principal payments (0.2) (0.2)
Net Cash Used In Financing Activities (289.9) (118.9)
Effect of exchange rate changes on cash and cash equivalents (2.8) (3.5)
Net Change In Cash and Cash Equivalents (196.9) (83.4)
Cash and Cash Equivalents at Beginning of Period 496.9 343.0
Cash and Cash Equivalents at End of Period 300.0 259.6
Cash paid during the year for:    
Interest (net of amounts capitalized) 1.3 1.5
Income taxes 11.7 50.2
Supplemental disclosure of non-cash investing activities:    
Property, plant and equipment expenditures included in Accounts Payable $ 4.8 $ 2.2