XML 47 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED 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 income (loss) $ 55.8 $ 72.0
Reconciliation of net income to net cash used in operating activities:    
Depreciation and amortization 92.7 76.2
Venezuela devaluation-related charges   27.4
Stock-based compensation 41.0 44.5
Excess tax benefits from stock-based compensation (34.9) (3.4)
Other non-cash items (4.9) 11.4
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable (27.4) (67.9)
Inventory (236.8) (235.3)
Accounts payable 58.3 71.5
Other assets and liabilities (118.2) (37.8)
Net cash used in operating activities (174.4) (41.4)
Cash flows from financing activities:    
Net change in short-term debt 34.0 0.5
Proceeds from issuance of long-term debt 691.6 520.9
Payments on long-term debt (551.0) (347.9)
Issuance (repurchase) of common stock, net (269.8) (263.4)
Excess tax benefits from stock-based compensation 34.9 3.4
Debt issuance costs (16.6) (11.6)
Other (8.2) (4.4)
Net cash provided by (used in) financing activities (85.1) (102.5)
Cash flows from investing activities:    
Additions to property, plant and equipment (99.3) (73.5)
Acquisition of businesses, net of cash acquired (108.4)  
Other 4.8 (0.2)
Net cash used in investing activities (202.9) (73.7)
Effect of exchange rate changes on cash and cash equivalents (0.8) (28.2)
Net decrease in cash and cash equivalents (463.2) (245.8)
Cash and cash equivalents at beginning of period 1,128.5 1,034.1
Cash and cash equivalents at end of period $ 665.3 $ 788.3