XML 34 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash Flows from Operating Activities    
Net income $ 15.8 $ 122.9
Discontinued operations, net of tax 50.9 6.6
Income from continuing operations, net of tax 66.7 129.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 174.9 158.4
Provision for doubtful accounts 175.6 191.1
Provision for obsolescence 84.6 83.8
Share-based compensation 35.9 34.7
Deferred income taxes (49.2) (101.9)
Charge for Venezuelan monetary assets and liabilities 34.1 0
Impairment of goodwill and intangible asset 42.1 44.0
Other 43.4 44.5
Changes in assets and liabilities:    
Accounts receivable (164.8) (186.3)
Inventories (224.0) (228.0)
Prepaid expenses and other 58.7 68.1
Accounts payable and accrued liabilities (61.7) 71.6
Income and other taxes (36.8) (37.1)
Noncurrent assets and liabilities (83.2) (64.6)
Net cash provided by operating activities 96.3 207.8
Cash Flows from Investing Activities    
Capital expenditures (118.2) (134.7)
Disposal of assets 15.5 13.2
Purchases of investments (23.7) (1.9)
Proceeds from sale of investments 6.4 2.0
Net cash used by investing activities (120.0) (121.4)
Cash Flows from Financing Activities    
Cash dividends (79.8) [1] (300.6) [1]
Debt, net (maturities of three months or less) 49.0 [1] (624.5) [1]
Proceeds from debt 1,481.1 [1] 713.7 [1]
Repayment of debt (1,927.9) [1] (90.0) [1]
Interest rate swap termination 88.1 [1] 43.6 [1]
Proceeds from exercise of stock options 18.2 [1] 7.9 [1]
Excess tax benefit realized from share-based compensation (0.7) [1] (3.4) [1]
Repurchase of common stock (8.4) [1] (8.5) [1]
Net cash used by financing activities (380.4) [1] (261.8) [1]
Cash Flows from Discontinued Operations    
Net cash (used) provided by operating activities of discontinued operations (4.0) 11.8
Net cash provided (used) by investing activities of discontinued operations 84.8 (0.2)
Net cash provided by Discontinued Operations 80.8 11.6
Effect of exchange rate changes on cash and equivalents (78.0) 16.2
Net decrease in cash and equivalents (401.3) (147.6)
Cash and equivalents at beginning of year 1,209.6 [2] 1,245.1 [2]
Cash and equivalents at beginning of period $ 808.3 [3] $ 1,097.5 [3]
[1] Non-cash financing activities in the nine months ended September 30, 2013 and 2012 included the change in fair market value of interest-rate swap agreements of $(.7) and $(.7), respectively.
[2] Includes cash and cash equivalents of discontinued operations of $2.7 and $6.9 at the beginning of the year in 2013 and 2012, respectively.
[3] Includes cash and cash equivalents of discontinued operations of $7.2 at the end of the period in 2012.