XML 38 R6.htm IDEA: XBRL DOCUMENT v2.3.0.15
Statements Of Consolidated Cash Flows (USD $)
In Millions
3 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows from Operating Activities:  
Net earnings$ 302.7$ 278.5
Adjustments to reconcile net earnings to cash flows provided by operating activities:  
Depreciation and amortization79.775.5
Deferred income taxes9.77.6
Stock-based compensation expense18.613.9
Net pension expense9.210.1
Net realized gain from the sales of marketable securities(4.0)(11.8)
Net amortization of premiums and accretion of discounts on available-for-sale securities12.813.0
Impairment losses on assets held for sale 8.6
Gains on sales of buildings (1.8)
Other4.312.8
Changes in operating assets and liabilities, net of effects from acquisitions and divestitures of businesses:  
Decrease in accounts receivable106.327.4
Increase in other assets(117.7)(106.3)
Decrease in accounts payable(26.5)(36.6)
Decrease in accrued expenses and other liabilities(78.8)(68.6)
Net cash flows provided by operating activities316.3222.3
Cash Flows from Investing Activities:  
Purchases of corporate and client funds marketable securities(1,095.1)(1,085.3)
Proceeds from the sales and maturities of corporate and client funds marketable securities844.3826.9
Net decrease (increase) in restricted cash and cash equivalents held to satisfy client fund obligations6,192.2(3,380.4)
Capital expenditures(33.4)(38.6)
Additions to intangibles(24.0)(19.4)
Acquisitions of businesses, net of cash acquired(1.9)(475.3)
Proceeds from the sale of property, plant and equipment 13.0
Other 3.4
Net cash flows provided by (used in) investing activities5,882.1(4,155.7)
Cash Flows from Financing Activities:  
Net (decrease) increase in client funds obligations(5,936.9)3,639.1
Payments of debt(0.5)(4.3)
Repurchases of common stock(249.2)(49.8)
Proceeds from stock purchase plan and exercises of stock options48.921.8
Dividends paid(177.7)(168.0)
Net cash flows (used in) provided by financing activities(6,315.4)3,438.8
Effect of exchange rate changes on cash and cash equivalents(23.5)28.0
Net change in cash and cash equivalents(140.5)(466.6)
Cash and cash equivalents, beginning of period1,389.41,643.3
Cash and cash equivalents, end of period$ 1,248.9$ 1,176.7