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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net income $ 122.4 $ 142.1
Depreciation and amortization 109.8 114.8
Other, net 6.1 (25.9)
Changes in operating assets and liabilities (222.7) (81.8)
Net cash provided by operating activities 15.6 149.2
Investing activities    
Expenditures for property, plant and equipment (141.0) (129.5)
Proceeds from sale of property, plant and equipment 1.7 8.1
Acquisitions of businesses and interest in/additional contributions to affiliates, net of cash acquired (72.9)  
Net cash used in investing activities (212.2) (121.4)
Financing activities    
Net increase in short-term debt 65.4 4.6
Dividends paid (52.4) (51.2)
Common stock options exercised 4.9 1.8
Net cash provided by (used in) financing activities 17.9 (44.8)
Effect of exchange rate changes on cash and cash equivalents 13.1 25.5
(Decrease) increase in cash and cash equivalents (165.6) 8.5
Cash and cash equivalents at beginning of period 959.5 1,226.7
Cash and cash equivalents at end of period $ 793.9 $ 1,235.2