XML 50 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash Flow From Operating Activities    
Net Income $ 107.2us-gaap_ProfitLoss $ 102.6us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 14.6us-gaap_Depreciation 14.7us-gaap_Depreciation
Amortization expense 11.4us-gaap_AdjustmentForAmortization 8.1us-gaap_AdjustmentForAmortization
Deferred income taxes 6.0us-gaap_DeferredIncomeTaxExpenseBenefit 5.2us-gaap_DeferredIncomeTaxExpenseBenefit
Equity in net earnings of affiliates (2.3)us-gaap_IncomeLossFromEquityMethodInvestments (1.6)us-gaap_IncomeLossFromEquityMethodInvestments
Distributions from unconsolidated affiliates 2.7us-gaap_EquityMethodInvestmentDividendsOrDistributions 2.2us-gaap_EquityMethodInvestmentDividendsOrDistributions
Non-cash compensation expense 1.7us-gaap_ShareBasedCompensation 2.3us-gaap_ShareBasedCompensation
Other 3.5us-gaap_OtherNoncashIncomeExpense 0.9us-gaap_OtherNoncashIncomeExpense
Change in assets and liabilities:    
Accounts receivable (22.0)us-gaap_IncreaseDecreaseInAccountsReceivable (13.8)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (15.2)us-gaap_IncreaseDecreaseInInventories (14.3)us-gaap_IncreaseDecreaseInInventories
Other current assets (1.3)us-gaap_IncreaseDecreaseInOtherCurrentAssets (2.7)us-gaap_IncreaseDecreaseInOtherCurrentAssets
Accounts payable and accrued expenses (2.5)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (27.7)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Income taxes payable 48.3us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 37.1us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Excess tax benefit on stock options exercised (8.0)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (6.1)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Other operating assets and liabilities, net 0.1us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (4.5)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Net Cash Provided By Operating Activities 144.2us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 102.4us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash Flow From Investing Activities    
Additions to property, plant and equipment (21.9)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (6.3)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Acquisition (74.9)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Other (1.1)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (0.3)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net Cash Used In Investing Activities (97.9)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (6.6)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash Flow From Financing Activities    
Short-term debt borrowings (repayments) 127.1us-gaap_ProceedsFromRepaymentsOfShortTermDebt (0.5)us-gaap_ProceedsFromRepaymentsOfShortTermDebt
Proceeds from stock options exercised 11.3us-gaap_ProceedsFromStockOptionsExercised 7.2us-gaap_ProceedsFromStockOptionsExercised
Excess tax benefit on stock options exercised 8.0us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 6.1us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Payment of cash dividends (43.7)us-gaap_PaymentsOfDividends (42.5)us-gaap_PaymentsOfDividends
Purchase of treasury stock (256.2)us-gaap_PaymentsForRepurchaseOfCommonStock (260.0)us-gaap_PaymentsForRepurchaseOfCommonStock
Other (0.4)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (0.2)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net Cash Used In Financing Activities (153.9)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (289.9)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rate changes on cash and cash equivalents (15.7)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (2.8)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net Change In Cash and Cash Equivalents (123.3)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (196.9)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and Cash Equivalents at Beginning of Period 423.0us-gaap_CashAndCashEquivalentsAtCarryingValue 496.9us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and Cash Equivalents at End of Period 299.7us-gaap_CashAndCashEquivalentsAtCarryingValue 300.0us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid during the year for:    
Interest (net of amounts capitalized) 1.4us-gaap_InterestPaidNet 1.3us-gaap_InterestPaidNet
Income taxes 3.7us-gaap_IncomeTaxesPaid 11.7us-gaap_IncomeTaxesPaid
Supplemental disclosure of non-cash investing activities:    
Property, plant and equipment expenditures included in Accounts Payable $ 5.3us-gaap_CapitalExpendituresIncurredButNotYetPaid $ 4.8us-gaap_CapitalExpendituresIncurredButNotYetPaid