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Consolidated Statements of Cash Flows (unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
OPERATING ACTIVITIES    
Net income $ 187.0 $ 150.2
Reconciliation to net cash (used for) provided by operating activities:    
Depreciation and amortization 68.0 61.8
Equity in earnings of unconsolidated affiliate (6.8) (14.3)
Dividends received from unconsolidated affiliate 11.2 2.8
Chapter 11 expenses, net of interest income 9.1 8.1
Chapter 11 expenses paid (20.7) (7.1)
Asbestos and bankruptcy related charges, net 6.4 0
Cash paid to resolve contingencies subject to Chapter 11 (1,315.8) 0
Provision for income taxes 22.1 73.8
Income taxes paid, net of refunds (16.4) (26.9)
Interest accretion on deferred payment obligations 21.8 0
Interest accrued on credit arrangements 4.2 0
Interest accrued on pre-petition liabilities subject to compromise 3.4 18.4
Pension and Other Postretirement Benefit Expense 11.5 16.1
Payments under defined benefit pension arrangements (89.1) (58.0)
Expenditures for environmental remediation (7.0) (6.3)
Changes in assets and liabilities, excluding effect of currency translation:    
Trade accounts receivable (57.4) (3.3)
Inventories (39.8) (37.0)
Accounts payable 20.3 37.1
All other items, net 1.7 (45.1)
Net cash provided by (used for) operating activities (1,186.3) 170.3
INVESTING ACTIVITIES    
Capital expenditures (81.5) (73.7)
Transfer to restricted cash and cash equivalents 395.4 29.1
Payments to Acquire Businesses, Net of Cash Acquired 0 15.8
Payments for (Proceeds from) Short-term Investments 0 (500.0)
Other investing activities (1.6) 2.3
Net cash used for investing activities 312.3 (558.1)
FINANCING ACTIVITIES    
Borrowings under credit arrangements 1,101.1 18.6
Repayments under credit arrangements (662.2) (35.6)
Proceeds from exercise of stock options 12.5 25.2
Payments of Financing Costs 23.9 0
Payments for Repurchase of Common Stock (233.7) 0
Other financing activities 1.1 1.8
Net cash (used for) provided by financing activities 194.9 10.0
Effect of currency exchange rate changes on cash and cash equivalents (1.8) (16.7)
Decrease in cash and cash equivalents (680.9) (394.5)
Cash and cash equivalents, beginning of period 964.8 1,336.9
Cash and cash equivalents, end of period $ 283.9 $ 942.4