XML 40 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income $ 136.6 $ 68.0
Net loss from discontinued operations 9.3 40.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Income from equity method investments (10.7) (8.8)
Dividends from affiliates 9.1 6.9
Restructuring expenses, net of cash paid (1.2) 0
Provision for bad debts 2.7 2.0
Unrealized losses (gains) on derivative contracts 0.7 (1.4)
Stock-based compensation expense 20.5 10.5
Depreciation and amortization 43.1 41.1
Deferred income taxes 0.1 0.5
Other items, net 13.5 3.3
Changes in assets and liabilities, net of effects of divestitures:    
Accounts and notes receivable (125.3) (62.4)
Inventories (76.4) (81.3)
Other current assets (13.7) (5.0)
Accounts payable 29.4 20.8
Accrued expenses 18.3 32.1
Income taxes payable and receivable 12.9 13.7
Other 9.3 (3.6)
Net cash used in discontinued operations (13.2) (12.5)
Net cash provided by operating activities 65.0 64.4
Cash flows from investing activities:    
Proceeds from the disposal of property, plant and equipment 0.1 0.1
Purchases of property, plant and equipment (41.0) (28.0)
Net proceeds from sale of businesses 8.1 10.1
Net cash used in discontinued operations (0.1) (0.3)
Net cash used in investing activities (32.9) (18.1)
Cash flows from financing activities:    
Short-term borrowings, net 3.8 1.3
Asset securitization borrowings 330.0 480.0
Asset securitization payments (200.0) (455.0)
Long-term debt payments (0.7) (0.9)
Borrowings from revolving credit facility 998.0 696.0
Payments on revolving credit facility (1,083.5) (706.0)
Proceeds from employee stock purchases 1.3 0.3
Repurchases of common stock (66.0) (35.0)
Repurchases of common stock to satisfy employee withholding tax obligations (7.7) (3.4)
Excess tax benefits related to share-based payments 4.7 1.7
Cash dividends paid (22.1) (27.5)
Net cash used in financing activities (42.2) (48.5)
Decrease in cash and cash equivalents (10.1) (2.2)
Effect of exchange rates on cash and cash equivalents (3.9) 6.0
Cash and cash equivalents, beginning of period 51.8 45.0
Cash and cash equivalents, end of period 37.8 48.8
Cash paid during the period for:    
Interest, net 9.4 11.8
Income taxes (net of refunds) $ 53.6 $ 27.8