XML 63 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Statement Of Cash Flows [Abstract]    
Net earnings available to common stockholders from continuing operations $ 191.3 $ 90.1
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities from continuing operations:    
Depreciation and amortization 205.0 213.6
Share-based incentive compensation 36.7 20.4
Profit sharing expense 28.3 29.5
Integration related costs 3.3 0.7
Amortization of senior debt related items and other 5.1 12.3
Loss on debt redemption and refinancing activities 18.5 32.4
Impairment of equity method investment 5.7 2.1
Asset impairment 4.1  
Development grant matter 14.0  
Provisions for bad debt 5.4 9.6
Provisions for inventory obsolescence 10.3 2.3
Gain from Claims Settlement (21.1)  
Deferred taxes, net 4.3 (48.5)
Net (gain) on disposals of property and equipment and other (2.7) (1.2)
Changes in operating assets and liabilities:    
Trade receivables, net (62.5) (34.7)
Inventories (121.0) (107.6)
Other assets (31.9) (40.5)
Accounts payable 159.1 48.2
Settlement agreement and related accrued interest (929.7) 36.2
Other liabilities (3.9) 5.1
Net cash (used in) provided by operating activities from continuing operations (481.7) 270.0
Cash flows from investing activities from continuing operations:    
Capital expenditures (93.8) (79.6)
Businesses acquired in purchase transactions, net of cash and cash equivalents acquired (3.1) (1.5)
Proceeds from sales of property and equipment 8.7 5.8
Other investing activities (0.5) 0.3
Net cash used in investing activities from continuing operations (88.7) (75.0)
Cash flows from financing activities from continuing operations:    
Net proceeds from short-term borrowings 342.6 43.4
Payments of long-term debt (1,540.1) (456.1)
Proceeds from long-term debt 1,431.3 425.1
Dividends paid on common stock (83.9) (76.4)
Acquisition of common stock for tax withholding obligations under our 2005 contingent stock plan (2.9) (3.9)
Repurchases of common stock (134.0)  
Payments of debt issuance costs (12.3) (7.7)
Payments for debt extinguishment costs   (26.2)
Net cash provided by (used in) financing activities from continuing operations 0.7 (101.8)
Effect of foreign currency exchange rate changes on cash and cash equivalents (2.0) (3.9)
Net change in cash and cash equivalents from continuing operations (571.7) 89.3
Net cash provided by operating activities from discontinued operations   8.2
Net cash used in investing activities from discontinued operations   (0.4)
Net change in cash and cash equivalents from discontinued operations   7.8
Cash and cash equivalents:    
Balance, beginning of period 992.4 679.6
Net change during the period (571.7) 97.1
Balance, end of period 420.7 776.7
Supplemental Cash Flow Information:    
Interest payments, net of amounts capitalized 660.6 254.0
Income tax payments 65.8 77.2
Stock appreciation rights payments (less amounts included in restructuring payments) 18.0 42.8
Restructuring payments including associated costs 75.8 71.7
Non-cash items:    
Transfers of shares of our common stock from treasury for our 2013 and 2012 profit-sharing plan contributions 33.2 18.6
Transfer of shares of our common stock reserved as part of the funding of the Settlement agreement $ 1.8