XML 53 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements Of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
OPERATING ACTIVITIES:    
NET INCOME $ 299.4 $ 44.8
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 122.1 121.1
Impairment charges 0 382.6
(Gain) loss on disposal of discontinued operation (5.2) 13.9
Loss related to extinguishment of debt 6.8 4.8
Deferred income taxes 72.7 12.1
Non-cash restructuring (benefits) costs 1.3 (1.5)
Stock-based compensation expense 26.3 28.4
Other, net 8.9 13.2
Changes in operating assets and liabilities, excluding the effects of acquisitions and divestitures:    
Accounts receivable (61.5) 5.1
Inventories (119.9) (188.1)
Accounts payable 59.4 55.4
Accrued liabilities and other (53.1) (212.0)
Net Cash Provided by (Used in) Operating Activities 357.2 279.8
INVESTING ACTIVITIES:    
Acquisitions and acquisition-related activity (26.5) (20.0)
Capital expenditures (130.2) (151.2)
Proceeds from sales of business and other noncurrent assets 20.9 39.0
Other (3.2) (7.2)
Net Cash Provided by (Used in) Investing Activities (139.0) (139.4)
FINANCING ACTIVITIES:    
Short-term borrowings, net 186.4 98.9
Repayments of debt (696.3) (150.8)
Proceeds from issuance of debt, net of debt issuance costs 495.1 3.3
Payments for Repurchase and Retirement of Common Stock (67.2) (24.4)
Cash consideration paid for exchange of convertible notes 0 (3.1) [1]
Cash dividends (82.4) (61.6)
Excess tax benefits related to stock-based compensation 11.6 0
Other, net 11.1 (4.5)
Net Cash Provided by (Used in) Financing Activities (141.7) (142.2)
Currency rate effect on cash and cash equivalents 3.4 1.1
Cash and Cash Equivalents, Period Increase (Decrease) 79.9 (0.7)
Cash and cash equivalents at beginning of period 170.2 139.6
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 250.1 $ 138.9
[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 nine months ended September 30, 2011. See Footnote 6 of the Notes to Condensed Consolidated Financial Statements for further information.