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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash Flows from Operating Activities      
Net (loss) income $ (38.2) $ 517.8 $ 609.3
Discontinued operations, net of tax 0 8.6 (14.1)
(Loss) income from continuing operations (38.2) [1],[2] 526.4 595.2
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation 162.4 174.0 145.2
Amortization 67.2 65.6 49.6
Provision for doubtful accounts 251.1 247.2 215.7
Provision for obsolescence 122.1 128.1 131.1
Share-based compensation 41.1 36.6 57.6
Foreign exchange losses (gains) (22.2) 12.8 (9.4)
Deferred income taxes (49.2) (196.6) (103.1)
Impairment of goodwill and intangible asset 253.0 263.0 0
Charge for Venezuelan monetary assets and liabilities 0 0 46.1
Other 57.7 39.9 26.6
Changes in assets and liabilities:      
Accounts receivable (241.1) (241.5) (280.3)
Inventories (89.7) (210.3) (189.8)
Prepaid expenses and other 58.5 24.6 (4.9)
Accounts payable and accrued liabilities 84.5 (55.7) 76.7
Income and other taxes (28.7) (50.7) (63.2)
Noncurrent assets and liabilities (72.4) (107.6) (4.1)
Net cash provided by operating activities of continuing operations 556.1 655.8 689.0
Cash Flows from Investing Activities      
Capital expenditures (228.8) (276.7) (331.2)
Disposal of assets 15.4 17.1 11.9
Acquisitions and other investing activities 0 (13.0) (785.8)
Proceeds from sale of investments 1.2 33.7 11.3
Purchases of investments (1.5) (28.8) (1.9)
Net cash used by investing activities of continuing operations (213.7) (267.7) (1,095.7)
Cash Flows from Financing Activities      
Cash dividends (329.3) [3] (403.4) [3] (384.1) [3]
Debt, net (maturities of three months or less) (710.5) [3] 635.7 [3] (3.6) [3]
Proceeds from debt 735.8 [3] 88.9 [3] 661.5 [3]
Repayment of debt (138.3) [3] (614.6) [3] (53.2) [3]
Interest rate swap termination 43.6 0 0
Proceeds from exercise of stock options 8.6 [3] 16.8 [3] 23.9 [3]
Excess tax benefit realized from share-based compensation (2.4) [3] (0.2) [3] 4.3 [3]
Repurchase of common stock (8.8) [3] (7.7) [3] (14.1) [3]
Net cash (used) provided by financing activities of continuing operations (401.3) [3] (284.5) [3] 234.7 [3]
Cash Flows from Discontinued Operations      
Net cash provided by operating activities of discontinued operations 0 0 13.0
Net cash (used) provided by investing activities of discontinued operations 0 (1.2) 61.3
Net cash used by financing activities of discontinued operations 0 0 (0.3)
Net Cash (used) provided by Discontinued Operations 0 (1.2) 74.0
Effect of exchange rate changes on cash and equivalents 23.4 (37.2) (33.7)
Net change in cash and equivalents (35.5) 65.2 (131.7)
Cash and equivalents at beginning of year 1,245.1 1,179.9 1,311.6 [4]
Cash and equivalents at end of year 1,209.6 1,245.1 1,179.9
Cash paid for:      
Interest, net of amounts capitalized 137.5 137.4 133.4
Income taxes, net of refunds received $ 331.9 $ 423.8 $ 387.3
[1] In addition to the items impacting operating profit above, income (loss) from continuing operations during 2012 was impacted by a benefit of $23.8 to other expense, net in 2012 due to the release of a provision in the fourth quarter associated with the excess cost of acquiring U.S. dollars in Venezuela at the regulated market rate as compared to the official exchange rate. This provision was released as the Company capitalized the associated intercompany liabilities.
[2] Income (loss) from continuing operations, net of tax during 2012 was impacted by an additional provision for income taxes of $168.3. During the fourth quarter of 2012, we determined that the Company may repatriate offshore cash to meet certain domestic funding needs. Accordingly, we are no longer asserting that the undistributed earnings of foreign subsidiaries are indefinitely reinvested.
[3] Non-cash financing activities included the change in fair market value of interest-rate swap agreements of $(8.4) in 2012, $53.2 in 2011, and $66.8 in 2010 (see Note 5, Debt and Other Financing).
[4] Includes cash and cash equivalents of discontinued operations of $13.5 at the beginning of the year in 2010