XML 18 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash provided (required) by operating activities:    
Net income $ 49.2 $ 338.6
Adjustments to reconcile net income to cash provided (required) by operating activities:    
Depreciation 130.0 133.6
Amortization 51.1 48.9
Employee benefit plan and stock-based compensation costs 56.0 67.9
Unrealized loss on derivative instruments and foreign exchange contracts 35.9 31.5
Deferred income tax provision (benefit) (14.2) 30.6
Impairments (Note 5) 40.2 64.4
Other 53.9 34.8
Changes in operating assets and liabilities, net of effects of acquisitions:    
Trade receivables, net and costs in excess of billings 240.4 181.3
Inventories, net 127.3 105.2
Accounts payable, trade (155.7) (140.6)
Advance payments and billings in excess of costs (182.9) (241.3)
Income taxes payable, net (16.1) (127.9)
Accrued pension and other post-retirement benefits, net (67.3) (20.4)
Other assets and liabilities, net (112.4) (5.6)
Cash provided by operating activities from continuing operations 235.4 501.0
Cash required by operating activities from discontinued operations (Note 6) (8.1)  
Cash provided by operating activities 227.3 501.0
Cash provided (required) by investing activities:    
Capital expenditures (93.1) (211.0)
Investments in joint ventures (52.9) (5.0)
Proceeds from sale of wireline assets 19.0  
Other 6.8 4.3
Cash required by investing activities (120.2) (211.7)
Cash provided (required) by financing activities:    
Net increase in short-term debt 4.0 1.5
Net increase (decrease) in commercial paper 110.5 (8.0)
Repayments of long-term debt 18.9 1.2
Purchase of treasury stock (54.8) (148.0)
Acquisitions, payment of withheld purchase price   (9.6)
Payments related to taxes withheld on stock-based compensation (8.6) (8.8)
Other (2.8) (7.4)
Cash provided (required) by financing activities 29.4 (181.5)
Effect of exchange rate changes on cash and cash equivalents 21.5 (35.1)
Increase in cash and cash equivalents 158.0 72.7
Cash and cash equivalents, beginning of period 916.2 638.8
Cash and cash equivalents, end of period $ 1,074.2 $ 711.5