XML 23 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows provided by (used in) operating activities:    
Net earnings $ 361.1 $ 483.4
Adjustments to reconcile net earnings to cash provided by operating activities:    
Depreciation and amortization 525.1 531.7
Share-based compensation 26.0 27.7
Intangible asset impairment   26.8
Inventory step-up   30.9
Changes in operating assets and liabilities, net of effect of acquisitions:    
Income taxes (42.4) (210.4)
Receivables 177.7 226.3
Inventories (99.3) (69.7)
Accounts payable and accrued expenses (27.1) (201.2)
Other assets and liabilities (37.3) (129.6)
Net cash provided by operating activities 883.8 715.9
Cash flows used in investing activities:    
Additions to instruments (126.1) (172.6)
Additions to other property, plant and equipment (53.7) (73.8)
Other business combination investments, net of acquired cash   (4.0)
Other investing activities (15.5) (11.7)
Net cash used in investing activities (195.3) (262.1)
Cash flows provided by (used in) financing activities:    
Proceeds from senior notes 749.5  
Payments on senior notes (1,150.0)  
Proceeds from multicurrency revolving facility 400.0 400.0
Payments on multicurrency revolving facility (375.0) (400.0)
Redemption of senior notes   (500.0)
Payments on term loan (225.0) (150.0)
Net payments on other debt (0.2) (0.7)
Dividends paid to stockholders (97.4) (96.5)
Proceeds from employee stock compensation plans 56.4 105.5
Net cash flows from unremitted collections from factoring programs (62.9)  
Business combination contingent consideration payments (16.7) (8.1)
Restricted stock withholdings (2.8) (7.1)
Debt issuance costs (4.9)  
Net cash used in financing activities (729.0) (656.9)
Effect of exchange rates on cash and cash equivalents (2.7) 19.0
Decrease in cash and cash equivalents (43.2) (184.1)
Cash and cash equivalents, beginning of year 524.4 634.1
Cash and cash equivalents, end of period $ 481.2 $ 450.0