XML 68 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
OPERATING ACTIVITIES    
Net income $ 207.0 $ 210.7
Reconciliation to net cash provided by operating activities:    
Depreciation and amortization 88.9 89.9
Equity in earnings of unconsolidated affiliate (13.8) (13.2)
Dividends received from unconsolidated affiliate 6.3 10.5
Chapter 11 expenses, net of interest income 12.6 16.9
Chapter 11 expenses paid (9.9) (15.8)
Libby medical program settlement 19.6  
Libby medical program settlement paid (19.6)  
Provision for income taxes 102.0 102.5
Income taxes paid, net of refunds (41.6) (38.3)
Tax benefits from stock-based compensation (23.0)  
Interest accrued on pre-petition liabilities subject to compromise 30.0 29.0
Restructuring expenses and related asset impairments 6.4 1.0
Payments for restructuring expenses and related asset impairments (7.2) (6.3)
Defined benefit pension expense 53.2 47.5
Payments under defined benefit pension arrangements (122.5) (260.0)
Provision for environmental remediation 1.8 1.6
Expenditures for environmental remediation (8.1) (7.7)
Changes in assets and liabilities, excluding effect of currency translation:    
Trade accounts receivable (3.7) (86.8)
Inventories 20.6 (89.3)
Accounts payable (6.0) 54.8
All other items, net (10.2) 7.7
Net cash provided by operating activities 282.8 54.7
INVESTING ACTIVITIES    
Capital expenditures (94.0) (97.1)
Businesses acquired, net of cash acquired (40.5) (55.8)
Transfer to restricted cash and cash equivalents (24.1) (27.7)
Other investing activities 0.5 6.8
Net cash used for investing activities (158.1) (173.8)
FINANCING ACTIVITIES    
Net borrowings under credit arrangements 24.6 10.0
Proceeds from exercise of stock options 25.7 10.3
Tax benefits from stock-based compensation 23.0  
Other financing activities 5.1 4.7
Net cash provided by financing activities 78.4 25.0
Effect of currency exchange rate changes on cash and cash equivalents (0.2) 2.2
Increase (decrease) in cash and cash equivalents 202.9 (91.9)
Cash and cash equivalents, beginning of period 1,048.3 1,015.7
Cash and cash equivalents, end of period $ 1,251.2 $ 923.8