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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net income $ 142.1 $ 133.5
Depreciation and amortization 114.8 85.1
Other, net (25.9) 3.3
Changes in operating assets and liabilities (81.8) (21.4)
Net cash provided by operating activities 149.2 200.5
Investing activities    
Expenditures for property, plant and equipment (129.5) (91.8)
Proceeds from sale of property, plant and equipment 8.1 0.6
Acquisitions/divestitures of businesses and interest in affiliates, net   (227.4)
Net cash used in investing activities (121.4) (318.6)
Financing activities    
Net increase (decrease) in short-term debt 4.6 (14.6)
Dividends paid to non-controlling interest   (1.7)
Dividends paid (51.2) (49.3)
Common stock options exercised 1.8 0.7
Other, net   0.2
Net cash used in financing activities (44.8) (64.7)
Effect of exchange rate changes on cash and cash equivalents 25.5 10.9
Increase (decrease) in cash and cash equivalents 8.5 (171.9)
Cash and cash equivalents at beginning of period 1,226.7 1,333.5
Cash and cash equivalents at end of period $ 1,235.2 $ 1,161.6