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Consolidated Statements of Cash Flows (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flows from Operating Activities    
Net income $ 352.3 $ 212.5
Discontinued operations, net of tax 8.6 (4.8)
Income from continuing operations, net of tax 360.9 207.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 115.5 88.5
Provision for doubtful accounts 125.3 104.3
Provision for obsolescence 54.5 48.4
Share-based compensation 24.0 32.0
Deferred income taxes (51.1) (18.8)
Charge for Venezuelan monetary assets and liabilities 0 46.1
Other 55.1 23.0
Changes in assets and liabilities:    
Accounts receivable (103.0) (109.6)
Inventories (204.6) (108.8)
Prepaid expenses and other (13.0) (25.3)
Accounts payable and accrued liabilities (120.2) 31.3
Income and other taxes (58.5) (77.1)
Noncurrent assets and liabilities (96.7) (9.5)
Net cash (used) provided by operating activities of continuing operations 88.2 232.2
Cash Flows from Investing Activities    
Capital expenditures (144.5) (139.4)
Disposal of assets 6.9 10.8
Purchases of investments (26.8) (0.3)
Proceeds from sale of investments 6.2 9.4
Acquisitions and other investing activities 0 (144.3)
Net cash used by investing activities of continuing operations (158.2) (263.8)
Cash Flows from Financing Activities    
Cash dividends (203.3) [1] (189.5) [1]
Debt, net (maturities of three months or less) (36.4) [1] (36.4) [1]
Proceeds from debt 642.5 [1] 19.8 [1]
Repayment of debt (535.9) [1] (20.5) [1]
Proceeds from exercise of stock options 15.3 [1] 15.4 [1]
Excess tax benefit realized from share-based compensation 1.9 [1] 2.6 [1]
Repurchase of common stock (7.0) [1] (10.9) [1]
Net cash (used) provided by financing activities of continuing operations (122.9) [1] (219.5) [1]
Cash Flows from Discontinued Operations    
Net cash provided by operating activities of discontinued operations 0 3.5
Net cash provided (used) by investing activities of discontinued operations (1.2) (0.1)
Net cash used by financing activities of discontinued operations 0 (0.2)
Net cash provided by Discontinued Operations (1.2) 3.2
Effect of exchange rate changes on cash and equivalents 25.2 (79.6)
Net (decrease) in cash and equivalents (168.9) (327.5)
Cash and equivalents at beginning of year 1,179.9 [2] 1,311.6 [2]
Cash and equivalents at end of period $ 1,011.0 [3] $ 984.1 [3]
[1] Non-cash financing activities in 2011 and 2010 included the change in fair market value of interest-rate swap agreements of $10.4 and $82.8, respectively.
[2] (1)Includes cash and cash equivalents of discontinued operations of $13.5 at January 1, 2010.
[3] (2)Includes cash and cash equivalents of discontinued operations of $10.6 at June 30, 2010.