XML 18 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 53.3 $ 638.5
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 149.8 170.6
Impairment of goodwill, intangibles and other assets   18.4
Net gain from sale of businesses (0.6) (784.0)
Loss on extinguishment of debt   2.2
Deferred income taxes (94.4) (161.7)
Stock-based compensation expense 10.1 20.4
Other, net 0.8 1.9
Changes in operating assets and liabilities, excluding the effects of acquisitions and divestitures:    
Accounts receivable 255.9 306.2
Inventories (308.8) (360.7)
Accounts payable (285.8) (142.6)
Accrued liabilities and other (182.0) 27.2
Net cash used in operating activities (401.7) (263.6)
Cash flows from investing activities:    
Proceeds from sale of divested businesses   1,862.9
Acquisitions and acquisition-related activity   (557.3)
Capital expenditures (95.1) (100.7)
Other investing activities (10.2) 0.8
Net cash provided by (used in) investing activities (105.3) 1,205.7
Cash flows from financing activities:    
Net short-term debt 602.8 246.4
Loss on extinguishment of debt   (25.6)
Payments on long-term debt (0.7) (972.3)
Cash dividends (112.6) (92.9)
Equity compensation activity and other, net (14.8) (15.2)
Net cash provided by (used in) financing activities 474.7 (859.6)
Exchange rate effect on cash and cash equivalents 5.6 17.5
Increase (decrease) in cash and cash equivalents (26.7) 100.0
Cash and cash equivalents at beginning of period 485.7 587.5
Cash and cash equivalents at end of period $ 459.0 $ 687.5