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Consolidated Statement Of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 242,472$ 207,980
Adjustments to reconcile to net cash provided by operations:  
Depreciation and amortization56,24560,137
Deferred income taxes25,672(40,720)
Gain on disposal of assets(2,365)(2,960)
Stock-based compensation19,45616,708
Pension settlement/curtailment3,583 
Changes in assets and liabilities:  
Current receivables(71,928)(60,926)
Inventories(6,949)(53,155)
Current payables(125,030)92,841
Other assets(35,352)(14,109)
Other liabilities10,9222,529
Net cash provided by operations116,726208,325
Cash flows from investing activities:  
Additions to property, plant and equipment(74,743)(53,597)
Purchase of investments(1,733)(3,592)
Maturity of net investment hedges(2,220)1,668
Proceeds from disposal of assets4691,541
Net cash used in investing activities(78,227)(53,980)
Cash flows from financing activities:  
Cash dividends paid to shareholders(65,174)(59,605)
Net change in bank borrowings and overdrafts83,292(76,086)
Repayments of long-term debt(100,000) 
Proceeds from issuance of stock under stock-based compensation plans14,31917,105
Excess tax benefits on stock-based payments5,223 
Net cash used in financing activities(62,340)(118,586)
Effect of exchange rate changes on cash and cash equivalents(208)(1,009)
Net change in cash and cash equivalents(24,049)34,750
Cash and cash equivalents at beginning of year131,33280,135
Cash and cash equivalents at end of period107,283114,885
Interest paid53,47553,086
Income taxes paid$ 60,171$ 45,882