XML 42 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash Flows from Operating Activities    
Net (loss) income $ (147.3) $ 21.6
Loss from discontinued operations, net of tax 0 51.5
(Loss) income from continuing operations, net of tax (147.3) 73.1
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation and amortization 97.7 119.8
Provision for doubtful accounts 105.7 113.4
Provision for obsolescence 43.8 53.7
Share-based compensation 24.9 26.2
Deferred income taxes (50.1) (27.4)
Charge for Venezuelan monetary assets and liabilities 53.7 34.1
Charge for Venezuelan non-monetary assets to their net realizable value (115.7) 0
Other 54.5 30.1
Changes in assets and liabilities:    
Accounts receivable (91.0) (103.3)
Inventories (126.4) (159.8)
Prepaid expenses and other (10.4) 67.6
Accounts payable and accrued liabilities 14.6 (65.8)
Income and other taxes (10.0) (28.6)
Noncurrent assets and liabilities (82.5) (63.4)
Net cash (used) provided by operating activities of continuing operations (7.1) 69.7
Cash Flows from Investing Activities    
Capital expenditures (58.6) (75.8)
Disposal of assets 5.4 12.8
Purchases of investments (13.4) (14.2)
Proceeds from sale of investments 10.8 0.2
Net cash used by investing activities of continuing operations (55.8) (77.0)
Cash Flows from Financing Activities    
Cash dividends (54.6) [1] (53.9) [1]
Debt, net (maturities of three months or less) 3.4 [1] 31.6 [1]
Proceeds from debt 9.2 [1] 1,478.8 [1]
Repayment of debt (92.0) [1] (1,796.2) [1]
Interest rate swap termination 0 [1] 88.1 [1]
Net proceeds from exercise of stock options 0.2 [1] 16.9 [1]
Repurchase of common stock (8.6) [1] (7.6) [1]
Net cash used by financing activities of continuing operations (142.4) [1] (242.3) [1]
Cash Flows from Discontinued Operations    
Net cash used by operating activities of discontinued operations 0 (0.5)
Net cash used by investing activities of discontinued operations 0 (0.2)
Net cash used by Discontinued Operations 0 (0.7)
Effect of exchange rate changes on cash and equivalents (125.1) (81.0)
Net decrease in cash and equivalents (330.4) (331.3)
Cash and equivalents at beginning of year 1,107.9 [2] 1,209.6 [2]
Cash and equivalents at beginning of period $ 777.5 [3] $ 878.3 [3]
[1] Non-cash financing activities in the six months ended June 30, 2013 included the change in fair market value of interest-rate swap agreements of $(.7)
[2] Includes cash and cash equivalents of discontinued operations of $2.7 at the beginning of the year in 2013.
[3] Includes cash and cash equivalents of discontinued operations of $5.1 at the end of the period in 2013.