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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
OPERATING ACTIVITIES    
Net income $ 124.4 $ 262.0
Reconciliation to net cash used for operating activities:    
Depreciation and amortization 99.5 102.3
Equity in earnings of unconsolidated affiliate (12.1) (13.2)
Dividends received from unconsolidated affiliate 11.8 11.2
Chapter 11 expenses, net 4.3 10.8
Asbestos and bankruptcy related charges, net (8.7) 6.8
Cash paid for Chapter 11 and asbestos 493.8 1,344.6
Cash paid to settle deferred payment obligation 0.0 (632.0)
Provision for income taxes 122.4 66.7
Cash paid for income taxes, net of refunds (34.2) (21.7)
Excess tax benefits from stock-based compensation 0.0 (0.7)
Cash paid for interest on credit arrangements (55.7) (19.8)
Defined benefit pension expense 23.9 19.5
Cash paid under defined benefit pension arrangements (13.2) (94.1)
Currency and other losses in Venezuela 72.5 1.0
Cash paid for repositioning 18.6 0.0
Cash paid for restructuring (12.1) (4.8)
Cash paid for environmental remediation (8.7) (9.7)
Changes in assets and liabilities, excluding effect of currency translation:    
Trade accounts receivable (35.4) (51.4)
Inventories (16.4) (49.9)
Accounts payable 40.0 18.6
All other items, net 129.3 106.6
Net cash used for operating activities (80.8) (1,636.4)
INVESTING ACTIVITIES    
Capital expenditures (112.4) (121.7)
Transfer from restricted cash and cash equivalents 0.0 395.4
Other investing activities (1.7) 5.7
Net cash (used for) provided by investing activities (114.1) 279.4
FINANCING ACTIVITIES    
Borrowings under credit arrangements 306.3 1,114.4
Repayments under credit arrangements (85.7) (750.0)
Proceeds from issuance of bonds 0.0 1,000.0
Cash paid for debt financing costs (0.4) (38.6)
Cash paid for repurchases of common stock (220.1) (334.4)
Proceeds from exercise of stock options 24.9 17.6
Excess tax benefits from stock-based compensation 0.0 0.7
Other financing activities 0.0 0.2
Net cash provided by financing activities 25.0 1,009.9
Effect of currency exchange rate changes on cash and cash equivalents (56.5) (9.7)
Decrease in cash and cash equivalents (226.4) (356.8)
Cash and cash equivalents, beginning of period 557.5 964.8
Cash and cash equivalents, end of period $ 331.1 $ 608.0