XML 86 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash provided (required) by operating activities of continuing operations:      
Net income $ 434.8 $ 403.5 $ 377.9
Adjustments to reconcile income to cash provided (required) by operating activities of continuing operations:      
Depreciation 113.1 86.1 80.7
Amortization 33.1 21.7 20.6
Multi Phase Meters contingent earn-out consideration obligation 42.0    5.2
Employee benefit plan and stock-based compensation costs 110.4 77.8 66.0
Deferred income tax provision (benefit) (9.8) (15.1) 86.6
Unrealized loss (gain) on derivative instruments 13.5 (14.2) 11.5
Other (6.2) (6.4) 3.8
Changes in operating assets and liabilities, net of effects of acquisitions:      
Trade receivables, net (337.3) (286.7) (217.3)
Inventories, net (206.6) (162.6) 19.4
Accounts payable, trade 83.0 214.7 2.8
Advance payments and progress billings 25.9 (95.9) (111.7)
Income taxes (71.4) 70.5 (56.5)
Accrued pension and other post-retirement benefits, net (63.1) (112.9) (51.6)
Other assets and liabilities, net (23.0) (15.7) (42.6)
Cash provided by operating activities of continuing operations 138.4 164.8 194.8
Cash provided by discontinued operations—operating       0.5
Cash provided by operating activities 138.4 164.8 195.3
Cash provided (required) by investing activities:      
Capital expenditures (405.6) (274.0) (112.5)
Acquisitions, net of cash and cash equivalents acquired (615.5)      
Proceeds from disposal of assets 3.2 2.2 3.1
Other (2.0) (1.9)   
Cash required by investing activities (1,019.9) (273.7) (109.4)
Cash provided (required) by financing activities:      
Net increase (decrease) in short-term debt 13.4 0.5 (19.9)
Net increase (decrease) in commercial paper 189.7 269.1 (67.6)
Proceeds from issuance of long-term debt 1,068.9   30.0
Repayments of long-term debt (288.8) (5.6) (0.4)
Proceeds from exercise of stock options 0.7 1.3 2.3
Purchase of treasury stock (91.1) (114.0) (164.4)
Payments related to taxes withheld on stock-based compensation (34.8) (15.5) (17.5)
Excess tax benefits 27.1 8.7 5.5
Other (3.7) (3.5) 1.2
Cash provided (required) by financing activities 881.4 141.0 (230.8)
Effect of exchange rate changes on cash and cash equivalents (1.8) (3.6) (0.3)
Increase (decrease) in cash and cash equivalents (1.9) 28.5 (145.2)
Cash and cash equivalents, beginning of year 344.0 315.5 460.7
Cash and cash equivalents, end of year 342.1 344.0 315.5
Supplemental disclosures of cash flow information:      
Cash paid for interest (net of interest capitalized) 18.5 10.9 12.5
Cash paid for income taxes (net of refunds received) $ 225.4 $ 83.3 $ 126.1