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Consolidated Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income $ 724.2 $ 750.5 $ 521.9
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 245.7 211.8 160.2
Amortization 68.8 42.9 46.4
Non-cash stock compensation expense 53.8 44.7 36.7
Deferred income taxes and tax benefit of stock compensation plan transactions 11.3 (85.1) (22.0)
Changes in assets and liabilities, net of translation, acquisitions and non-cash items:      
Receivables (469.7) (144.0) (461.1)
Inventories (367.6) (368.9) (397.1)
Accounts payable and accrued liabilities 556.3 213.0 200.8
Other assets and liabilities, net 15.0 18.0 122.7
Net cash provided by operating activities 837.8 682.9 208.5
Cash flows from investing activities:      
Proceeds from sales and maturities of short-term investments 1,558.9 1,031.7 15.2
Purchases of short-term investments (1,082.3) (1,125.4) (438.0)
Capital expenditures (520.0) (427.2) (388.1)
Dispositions (acquisitions), net of cash acquired (10.7) (349.3) (421.3)
Proceeds received and cash acquired from formation of OneSubsea, net of taxes paid of $80.4 million (see Note 2) 522.6 0 0
Proceeds from sales of plant and equipment 13.4 27.6 19.6
Net cash provided by (used for) investing activities 481.9 (842.6) (1,212.6)
Cash flows from financing activities:      
Short-term loan borrowings (repayments), net 46.4 (41.9) 45.7
Issuance of senior debt 746.8 499.3 747.8
Debt issuance costs (6.1) (3.4) (4.7)
Redemption of convertible debentures 0 0 (705.7)
Purchase of equity call options, net 0 0 (12.2)
Purchase of treasury stock (1,531.6) (21.3) (2.4)
Contributions from noncontrolling interest owners 62.2 0 0
Purchases of noncontrolling ownership interests (7.2) 0 0
Proceeds from stock option exercises, net of tax payments from stock compensation plan transactions 31.3 12.3 21.5
Excess tax benefits from stock compensation plan transactions 9.4 11.1 9.0
Principal payments on capital leases (18.1) (11.3) (8.2)
Net cash provided by (used for) financing activities (666.9) 444.8 90.8
Effect of translation on cash (25.7) 1.8 (20.3)
Increase (decrease) in cash and cash equivalents 627.1 286.9 (933.6)
Cash and cash equivalents, beginning of year 1,185.8 898.9 1,832.5
Cash and cash equivalents, end of year $ 1,812.9 $ 1,185.8 $ 898.9