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Condensed Consolidated Statements Of Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
OPERATING ACTIVITIES:    
Net income $ 191.1 $ 222.4
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 80.8 81.5
Loss related to extinguishment of debt 0 4.8
Deferred income taxes 34.3 56.2
Stock-based compensation expense 18.2 16.7
Other, net 4.3 9.2
Changes in operating assets and liabilities, excluding the effects of acquisitions and divestitures:    
Accounts receivable (109.0) (122.8)
Inventories (167.1) (215.2)
Accounts payable 89.3 178.2
Accrued liabilities and other (86.2) (246.5)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 55.7 (15.5)
INVESTING ACTIVITIES:    
Acquisitions and acquisition-related activity (13.7) (18.9)
Capital expenditures (85.0) (96.1)
Proceeds from sales of business and other noncurrent assets 16.6 4.1
Other (0.2) (5.1)
NET CASH USED IN INVESTING ACTIVITIES (82.3) (116.0)
FINANCING ACTIVITIES:    
Short-term borrowings, net 71.1 177.8
Repayments of debt (250.3) (0.8)
Proceeds from issuance of debt, net of debt issuance costs 495.1 1.1
Payments for Repurchase and Retirement of Common Stock (41.3) 0
Cash consideration paid for exchange of convertible notes 0 (3.1) [1]
Cash dividends (53.3) (38.1)
Excess tax benefits related to stock-based compensation 11.3 0
Other stock-based compensation activity (4.8) (4.5)
NET CASH PROVIDED BY FINANCING ACTIVITIES 227.8 132.4
Currency rate effect on cash and cash equivalents (0.6) 3.1
INCREASE IN CASH AND CASH EQUIVALENTS 200.6 4.0
Cash and cash equivalents at beginning of period 170.2 139.6
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 370.8 $ 143.6
[1] Consideration provided in connection with the convertible notes exchanged in March 2011 consisted of cash as well as issuance of shares of the Company’s common stock, which issuance is not included in the Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2011. See Footnote 6 of the Notes to Condensed Consolidated Financial Statements for further information.