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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 178.1 $ 116.2
Adjustments to reconcile net income to net cash provided by operating activities, net of acquired businesses:    
Depreciation and amortization 51.0 53.0
Litigation charges, net 12.1 48.9
Restructuring and productivity initiative costs, net of payments 2.3 7.7
Deferred income taxes 36.2 20.9
Share-based compensation 27.2 26.2
Inventory reserves and provision for doubtful accounts 7.5 9.3
Other items 1.4 1.0
Changes in assets and liabilities, net of acquired businesses:    
Accounts receivable 29.0 6.1
Inventories (19.9) (21.3)
Current liabilities (121.9) (138.2)
Taxes (32.5) (40.1)
Other, net (29.9) (22.5)
Net cash provided by operating activities 140.6 67.2
Cash flows from investing activities:    
Capital expenditures (22.7) (20.5)
Payments made for purchases of businesses, net of cash acquired (5.4) (202.8)
Payments made for intangibles (0.2) (0.2)
Net cash used in investing activities (28.3) (223.5)
Cash flows from financing activities:    
Change in short-term borrowings, net 110.0 525.6
Payment of long-term debt 0.0 (250.0)
Proceeds from exercises under share-based compensation plans, net (9.1) (6.5)
Excess tax benefit relating to share-based compensation plans 0.0 19.0
Purchases of common stock (232.3) (167.4)
Dividends paid (19.3) (18.0)
Payments of contingent consideration (0.1) (0.1)
Net cash (used in) provided by financing activities (150.8) 102.6
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 1.8 (1.6)
Decrease in cash, cash equivalents, and restricted cash during the period (36.7) (55.3)
Balance at January 1 1,106.5 1,030.9
Balance at March 31 1,069.8 975.6
Cash paid for:    
Interest 15.0 16.6
Income taxes 19.7 26.9
Non-cash transactions:    
Purchases of businesses and related costs $ 0.0 $ 17.1