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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities    
Net income $ 281.9 $ 172.5
Depreciation and amortization 181.8 149.5
Other, net 3.5 (14.7)
Changes in operating assets and liabilities (164.1) (69.4)
Net cash provided by operating activities 303.1 237.9
Investing activities    
Expenditures for property, plant and equipment (223.5) (250.0)
Proceeds from sale of property, plant and equipment 2.4 12.7
Acquisitions and divestitures of businesses and other, net (227.8) (9.0)
Net cash used in investing activities (448.9) (246.3)
Financing activities    
Net decrease (increase) in short-term debt 16.4 21.6
Repayments and other changes in long-term debt   (8.4)
Dividends paid to non-controlling interest (1.7)  
Dividends paid (100.5) (97.1)
Repurchased shares   (104.4)
Common stock options exercised 4.6 15.6
Other, net 0.5 0.1
Net cash used in financing activities (80.7) (172.6)
Effect of exchange rate changes on cash and cash equivalents 6.1 (24.7)
Decrease in cash and cash equivalents (220.4) (205.7)
Cash and cash equivalents at beginning of period 1,333.5 1,529.0
Cash and cash equivalents at end of period $ 1,113.1 $ 1,323.3