XML 19 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES    
Net earnings $ 173.7 $ 210.9
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 47.7 43.0
Amortization of intangibles and debt issuance costs 14.5 14.2
Provision for losses on accounts and notes receivable 0.8 1.6
Writedown of inventories 4.0 2.4
Goodwill impairment 0.0 3.7
Long-lived asset impairments 0.1 0.0
Net gain from sales of assets and businesses (0.5) (21.3)
Deferred income tax expense 5.1 9.0
Stock-based compensation 20.2 21.8
Other, net 0.1 2.3
Increases/decreases in, excluding effects from acquisitions and divestitures:    
Accounts and other receivables (72.4) (26.4)
Inventories (51.8) (24.3)
Other current assets (7.2) (1.7)
Accounts payable 24.2 34.0
Accrued expenses and other current liabilities (2.4) (7.1)
NET CASH PROVIDED BY OPERATING ACTIVITIES 156.1 262.1
INVESTING ACTIVITIES    
Additions to property, plant and equipment (79.1) (57.9)
Purchases of companies, net of cash acquired (38.8) (16.9)
Proceeds from sales of assets and businesses 1.6 54.0
Other, net (7.8) (7.4)
NET CASH USED FOR INVESTING ACTIVITIES (124.1) (28.2)
FINANCING ACTIVITIES    
Payments on long-term debt (5.7) (1.6)
Change in commercial paper and short-term debt 220.7 90.2
Dividends paid (90.4) (86.5)
Issuances of common stock 1.9 2.7
Purchases of common stock (115.2) (163.5)
Purchase of remaining interest in noncontrolling interest (2.6) (35.2)
Other, net (1.8) (2.8)
NET CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES 6.9 (196.7)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 14.3 (5.6)
INCREASE IN CASH AND CASH EQUIVALENTS 53.2 31.6
CASH AND CASH EQUIVALENTS—January 1, 281.9 253.2
CASH AND CASH EQUIVALENTS—June 30, $ 335.1 $ 284.8