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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING ACTIVITIES:    
NET INCOME $ 638.5 $ 40.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 170.6 42.8
Impairment of goodwill, intangibles and other assets 18.4  
Net gain from sale of businesses (784.0) (0.9)
Loss on extinguishment of debt 2.2 45.9
Deferred income taxes (161.7) 7.0
Stock-based compensation expense 20.4 9.9
Other, net 1.9 5.1
Changes in operating assets and liabilities, excluding the effects of acquisitions and divestitures:    
Accounts receivable 306.2 69.7
Inventories (360.7) (137.8)
Accounts payable (142.6) 7.4
Accrued liabilities and other 1.6 (351.0)
NET CASH USED IN OPERATING ACTIVITIES (289.2) (261.4)
INVESTING ACTIVITIES:    
Proceeds from sale of divested businesses 1,862.9  
Acquisitions and acquisition-related activity (557.3) (21.0)
Capital expenditures (100.7) (51.6)
Other investing activities 0.8 2.6
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 1,205.7 (70.0)
FINANCING ACTIVITIES:    
Net short-term debt 246.4 378.7
Proceeds from issuance of debt, net of debt issuance costs   7,931.2
Payments on long-term debt (972.3)  
Cash dividends (92.9) (53.3)
Equity compensation activity and other, net (15.2) (18.0)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (834.0) 8,238.6
Exchange rate effect on cash and cash equivalents 17.5 (1.1)
INCREASE IN CASH AND CASH EQUIVALENTS 100.0 7,906.1
Cash and cash equivalents at beginning of period 587.5 274.8
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 687.5 $ 8,180.9