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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
OPERATING ACTIVITIES      
Net income $ 144.9 $ 277.3 $ 257.7
Reconciliation to net cash provided by operating activities:      
Depreciation and amortization 131.5 137.1 123.1
Equity in earnings of unconsolidated affiliate (20.4) (19.7) (22.9)
Dividends received from unconsolidated affiliate 11.8 11.2 2.8
Chapter 11 expenses, net 5.1 11.0 15.3
Asbestos and bankruptcy-related charges, net (8.7) 7.1 21.9
Cash paid for Chapter 11 and asbestos (495.0) (1,348.1) (15.0)
Cash paid to settle deferred payment obligation 0.0 (632.0) 0.0
Provision for income taxes 164.7 57.0 102.9
Cash paid for income taxes, net of refunds (57.6) (34.4) (60.4)
Interest expense and accretion (100.9) (127.2) (43.8)
Cash paid for interest on credit arrangements (91.9) (28.4) (5.5)
Defined benefit pension expense (income) 72.3 160.3 (23.2)
Cash paid under defined benefit pension arrangements (17.8) (100.0) (68.3)
Currency and other losses in Venezuela 73.2 1.0 8.5
Repositioning expenses 64.3 0.0 0.0
Cash paid for repositioning (38.6) 0.0 0.0
Cash paid for restructuring (16.4) (7.9) (6.4)
Cash paid for environmental remediation (12.7) (12.4) (14.0)
Default interest settlement 0.0 0.0 129.0
Changes in assets and liabilities, excluding effect of currency translation:      
Trade accounts receivable (38.9) (25.8) 13.5
Inventories (1.4) (52.1) 8.6
Accounts payable 35.9 (17.2) 4.2
All other items, net 8.2 16.7 0.3
Net cash provided by (used for) operating activities 13.4 (1,472.1) 515.9
INVESTING ACTIVITIES      
Capital expenditures (154.8) (169.8) (156.2)
Businesses acquired, net of cash acquired 0.0 0.0 (526.2)
Transfer (to) from restricted cash and cash equivalents (9.4) 395.4 (197.8)
Other investing activities 19.7 9.7 (0.5)
Net cash (used for) provided by investing activities (144.5) 235.3 (880.7)
FINANCING ACTIVITIES      
Borrowings under credit arrangements 343.6 1,123.4 57.5
Repayments under credit arrangements (106.5) (770.3) (69.4)
Proceeds from issuance of bonds 0.0 1,000.0 0.0
Cash paid for debt financing costs (2.5) (46.6) 0.0
Proceeds from exercise of stock options 26.9 23.4 34.4
Cash paid for repurchases of common stock (301.5) (469.5) 0.0
Purchase of noncontrolling interest 0.0 (12.4) 0.0
Other financing activities 1.8 1.9 (30.9)
Net cash (used for) provided by financing activities (38.2) 849.9 (8.4)
Effect of currency exchange rate changes on cash and cash equivalents (58.3) (20.4) 1.1
Decrease in cash and cash equivalents (227.6) (407.3) (372.1)
Cash and cash equivalents, beginning of period 557.5 964.8 1,336.9
Cash and cash equivalents, end of period 329.9 557.5 964.8
Cash paid for interest $ 91.9 $ 696.5 $ 5.5