Note 22 Condensed Consolidating Financial Information

Nabors has fully and unconditionally guaranteed all of the issued public debt securities of Nabors Delaware, its wholly-owned subsidiary. The following condensed consolidating financial information is included so that separate financial statements of Nabors Delaware is not required to be filed with the SEC. The condensed consolidating financial statements present investments in both consolidated and unconsolidated affiliates using the equity method of accounting.

The following condensed consolidating financial information presents condensed consolidating balance sheets as of December 31, 2016 and 2015, and statements of income (loss), statements of comprehensive income (loss) and the statements of cash flows for the years ended December 31, 2016, 2015 and 2014 of (a) Nabors, parent/guarantor, (b) Nabors Delaware, issuer of public debt securities guaranteed by Nabors, (c) the non‑guarantor subsidiaries, (d) consolidating adjustments necessary to consolidate Nabors and its subsidiaries and (e) Nabors on a consolidated basis.

Condensed Consolidating Balance Sheets


	December 31, 2016
					Other
	Nabors			Nabors	Subsidiaries
	(Parent/		Delaware		(Non-		Consolidating
	Guarantor)		(Issuer)		Guarantors)		Adjustments		Total
	(In thousands)
	ASSETS
Current assets:
Cash and cash equivalents	$	1,148	$	10,177	$	252,768	$	—	$	264,093
Short-term investments		—		—		31,109		—		31,109
Assets held for sale		—		—		76,668		—		76,668
Accounts receivable, net		—		—		508,355		—		508,355
Inventory		—		—		103,595		—		103,595
Other current assets		50		22,209		149,760		—		172,019
Total current assets		1,198		32,386		1,122,255		—		1,155,839
Property, plant and equipment, net		—		—		6,267,583		—		6,267,583
Goodwill		—		—		166,917		—		166,917
Intercompany receivables		142,448		—		1,342,942		(1,485,390)		—
Investment in consolidated affiliates		3,170,254		4,830,572		1,083,948		(9,084,774)		—
Investment in unconsolidated affiliates		—		—		893		—		893
Deferred tax assets		—		443,049		—		(443,049)		—
Other long-term assets		—		344		813,655		(218,216)		595,783
Total assets	$	3,313,900	$	5,306,351	$	10,798,193	$	(11,231,429)	$	8,187,015

	LIABILITIES AND EQUITY
Current liabilities:
Current debt	$	—	$	—	$	297	$	—	$	297
Trade accounts payable		205		8		264,365		—		264,578
Accrued liabilities		20,669		65,246		457,333		—		543,248
Income taxes payable		—		—		13,811		—		13,811
Total current liabilities		20,874		65,254		735,806		—		821,934
Long-term debt		—		3,796,550		—		(218,215)		3,578,335
Other long-term liabilities		—		22,659		499,797		—		522,456
Deferred income taxes		—		—		452,544		(443,049)		9,495
Intercompany payable		46,000		1,439,390		—		(1,485,390)		—
Total liabilities		66,874		5,323,853		1,688,147		(2,146,654)		4,932,220
Shareholders’ equity		3,247,026		(17,502)		9,102,276		(9,084,775)		3,247,025
Noncontrolling interest		—		—		7,770		—		7,770
Total equity		3,247,026		(17,502)		9,110,046		(9,084,775)		3,254,795
Total liabilities and equity	$	3,313,900	$	5,306,351	$	10,798,193	$	(11,231,429)	$	8,187,015


	December 31, 2015
					Other
	Nabors		Nabors		Subsidiaries
	(Parent/		Delaware		(Non-		Consolidating
	Guarantor)		(Issuer)		Guarantors)		Adjustments		Total
	(In thousands)
	ASSETS
Current assets:
Cash and cash equivalents	$	873	$	10	$	253,647	$	—	$	254,530
Short-term investments		—		—		20,059		—		20,059
Assets held for sale		—		—		75,678		—		75,678
Accounts receivable, net		—		—		784,671		—		784,671
Inventory		—		—		153,824		—		153,824
Other current assets		50		9,016		178,069		—		187,135
Total current assets		923		9,026		1,465,948		—		1,475,897
Property, plant and equipment, net		—		—		7,027,802		—		7,027,802
Goodwill		—		—		166,659		—		166,659
Intercompany receivables		139,366		11,000		1,260,310		(1,410,676)		—
Investment in consolidated affiliates		4,183,362		4,973,327		1,284,225		(10,440,914)		—
Investment in unconsolidated affiliates		—		—		415,177		—		415,177
Deferred tax assets		—		366,818		—		(366,818)		—
Other long-term assets		—		12,907		507,336		(67,938)		452,305
Total assets	$	4,323,651	$	5,373,078	$	12,127,457	$	(12,286,346)	$	9,537,840

	LIABILITIES AND EQUITY
Current liabilities:
Current debt	$	—	$	—	$	6,508	$	—	$	6,508
Trade accounts payable		71		3		271,910		—		271,984
Accrued liabilities		370		64,550		621,693		—		686,613
Income taxes payable		—		—		41,394		—		41,394
Total current liabilities		441		64,553		941,505		—		1,006,499
Long-term debt		—		3,723,138		—		(67,938)		3,655,200
Other long-term liabilities		—		35,086		517,861		—		552,947
Deferred income taxes		—		—		396,144		(366,818)		29,326
Intercompany payable		40,500		1,370,176		—		(1,410,676)		—
Total liabilities		40,941		5,192,953		1,855,510		(1,845,432)		5,243,972
Shareholders’ equity		4,282,710		180,125		10,260,789		(10,440,914)		4,282,710
Noncontrolling interest		—		—		11,158		—		11,158
Total equity		4,282,710		180,125		10,271,947		(10,440,914)		4,293,868
Total liabilities and equity	$	4,323,651	$	5,373,078	$	12,127,457	$	(12,286,346)	$	9,537,840

Condensed Consolidating Statements of Income (Loss)


	Year Ended December 31, 2016
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Revenues and other income:
Operating revenues	$	—	$	—	$	2,227,839	$	—	$	2,227,839
Earnings (losses) from unconsolidated affiliates		—		—		(221,914)		—		(221,914)
Earnings (losses) from consolidated affiliates		(1,017,338)		(231,960)		(359,751)		1,609,049		—
Investment income (loss)		2		132		12,972		(11,923)		1,183
Intercompany interest income		—		569		—		(569)		—
Total revenues and other income		(1,017,336)		(231,259)		1,659,146		1,596,557		2,007,108
Costs and other deductions:
Direct costs		—		—		1,344,298		—		1,344,298
General and administrative expenses		10,559		603		217,333		(856)		227,639
Research and engineering		—		—		33,582		—		33,582
Depreciation and amortization		—		124		871,507		—		871,631
Interest expense		—		204,010		(18,650)		—		185,360
Impairments and other charges		1,366		—		503,798		—		505,164
Other, net		482		(14)		36,185		856		37,509
Intercompany interest expense		(1)		—		570		(569)		—
Total costs and other deductions		12,406		204,723		2,988,623		(569)		3,205,183
Income (loss) from continuing operations before income taxes		(1,029,742)		(435,982)		(1,329,477)		1,597,126		(1,198,075)
Income tax expense (benefit)		—		(76,231)		(110,600)		—		(186,831)
Income (loss) from continuing operations, net of tax		(1,029,742)		(359,751)		(1,218,877)		1,597,126		(1,011,244)
Income (loss) from discontinued operations, net of tax		—		—		(18,363)		—		(18,363)
Net income (loss)		(1,029,742)		(359,751)		(1,237,240)		1,597,126		(1,029,607)
Less: Net (income) loss attributable to noncontrolling interest		—		—		(135)		—		(135)
Net income (loss) attributable to Nabors	$	(1,029,742)	$	(359,751)	$	(1,237,375)	$	1,597,126	$	(1,029,742)


	Year Ended December 31, 2015
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)

Revenues and other income:
Operating revenues	$	—	$	—	$	3,864,437	$	—	$	3,864,437
Earnings from unconsolidated affiliates		—		—		(75,081)		—		(75,081)
Earnings (losses) from consolidated affiliates		(351,407)		(41,826)		(164,697)		557,930		—
Investment income (loss)		—		584		11,666		(9,942)		2,308
Intercompany interest income		—		6,452		—		(6,452)		—
Total revenues and other income		(351,407)		(34,790)		3,636,325		541,536		3,791,664
Costs and other deductions:
Direct costs		—		—		2,371,436		—		2,371,436
General and administrative expenses		8,768		1		316,119		(560)		324,328
Research and engineering		—		—		41,253		—		41,253
Depreciation and amortization		—		705		969,754		—		970,459
Interest expense		(1)		201,364		(19,435)		—		181,928
Impairments and other charges		—		—		368,967		—		368,967
Other, net		12,469		—		(52,201)		560		(39,172)
Intercompany interest expense		32		—		6,420		(6,452)		—
Total costs and other deductions		21,268		202,070		4,002,313		(6,452)		4,219,199
Income (loss) from continuing operations before income taxes		(372,675)		(236,860)		(365,988)		547,988		(427,535)
Income tax expense (benefit)		—		(72,163)		(25,875)		—		(98,038)
Income (loss) from continuing operations, net of tax		(372,675)		(164,697)		(340,113)		547,988		(329,497)
Income (loss) from discontinued operations, net of tax		—		—		(42,797)		—		(42,797)
Net income (loss)		(372,675)		(164,697)		(382,910)		547,988		(372,294)
Less: Net (income) loss attributable to noncontrolling interest		—		—		(381)		—		(381)
Net income (loss) attributable to Nabors	$	(372,675)	$	(164,697)	$	(383,291)	$	547,988	$	(372,675)


	Year Ended December 31, 2014
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Revenues and other income:
Operating revenues	$	—	$	—	$	6,804,197	$	—	$	6,804,197
Earnings (losses) from unconsolidated affiliates		—		—		(6,301)		—		(6,301)
Earnings (losses) from consolidated affiliates		(653,124)		(120,996)		(250,365)		1,024,485		—
Investment income (loss)		—		1,869		16,265		(6,303)		11,831
Intercompany interest income		—		2,415		336		(2,751)		—
Total revenues and other income		(653,124)		(116,712)		6,564,132		1,015,431		6,809,727
Costs and other deductions:
Direct costs		—		—		4,505,064		—		4,505,064
General and administrative expenses		9,531		8,001		483,091		(587)		500,036
Research and engineering		—		—		49,698		—		49,698
Depreciation and amortization		—		3,608		1,141,492		—		1,145,100
Interest expense		—		198,246		(20,298)		—		177,948
Impairments and other charges		—		—		1,005,110		—		1,005,110
Other, net		7,668		(223)		23,354		587		31,386
Intercompany interest expense		336		—		2,415		(2,751)		—
Total costs and other deductions		17,535		209,632		7,189,926		(2,751)		7,414,342
Income (loss) from continuing operations before income taxes		(670,659)		(326,344)		(625,794)		1,018,182		(604,615)
Income tax expense (benefit)		—		(75,979)		138,645		—		62,666
Subsidiary preferred stock dividend		—		—		1,984		—		1,984
Income (loss) from continuing operations, net of tax		(670,659)		(250,365)		(766,423)		1,018,182		(669,265)
Income (loss) from discontinued operations, net of tax		—		—		21		—		21
Net income (loss)		(670,659)		(250,365)		(766,402)		1,018,182		(669,244)
Less: Net (income) loss attributable to noncontrolling interest		—		—		(1,415)		—		(1,415)
Net income (loss) attributable to Nabors	$	(670,659)	$	(250,365)	$	(767,817)	$	1,018,182	$	(670,659)

Condensed Consolidating Statements of Comprehensive Income (Loss)


	Year Ended December 31, 2016
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net income (loss) attributable to Nabors	$	(1,029,742)	$	(359,751)	$	(1,237,375)	$	1,597,126	$	(1,029,742)
Other comprehensive income (loss) before tax:
Translation adjustment attributable to Nabors
Unrealized loss on translation adjustment		17,743		(21)		17,743		(17,722)		17,743
Less: reclassification adjustment for realized loss on translation adjustment		—		—		—		—		—
Translation adjustment attributable to Nabors		17,743		(21)		17,743		(17,722)		17,743
Unrealized gains (losses) on marketable securities:
Unrealized gains (losses) on marketable securities		11,054		—		11,054		(11,054)		11,054
Less: reclassification adjustment for (gains) losses included in net income (loss)		3,495		—		3,495		(3,495)		3,495
Unrealized gains (losses) on marketable securities		14,549		—		14,549		(14,549)		14,549
Pension liability amortization and adjustment		1,061		1,061		2,122		(3,183)		1,061
Pension buyout		3,059		3,059		6,118		(9,177)		3,059
Unrealized gains (losses) and amortization on cash flow hedges		613		613		613		(1,226)		613
Other comprehensive income (loss) before tax		37,025		4,712		41,145		(45,857)		37,025
Income tax expense (benefit) related to items of other comprehensive income (loss)		1,551		1,551		3,102		(4,653)		1,551
Other comprehensive income (loss), net of tax		35,474		3,161		38,043		(41,204)		35,474
Comprehensive income (loss) attributable to Nabors		(994,268)		(356,590)		(1,199,332)		1,555,922		(994,268)
Net income (loss) attributable to noncontrolling interest		—		—		135		—		135
Translation adjustment attributable to noncontrolling interest		—		—		251		—		251
Comprehensive income (loss) attributable to noncontrolling interest		—		—		386		—		386
Comprehensive income (loss)	$	(994,268)	$	(356,590)	$	(1,198,946)	$	1,555,922	$	(993,882)


	Year Ended December 31, 2015
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net income (loss) attributable to Nabors	$	(372,675)	$	(164,697)	$	(383,291)	$	547,988	$	(372,675)
Other comprehensive income (loss) before tax:
Translation adjustment attributable to Nabors
Unrealized loss on translation adjustment		(116,239)		67		(116,172)		116,105		(116,239)
Less: reclassification adjustment for realized loss on translation adjustment		5,365		—		5,365		(5,365)		5,365
Translation adjustment attributable to Nabors		(110,874)		67		(110,807)		110,740		(110,874)
Unrealized gains (losses) on marketable securities:
Unrealized gains (losses) on marketable securities		(15,310)		—		(15,310)		15,310		(15,310)
Less: reclassification adjustment for (gains) losses included in net income (loss)		—		—		—		—		—
Unrealized gains (losses) on marketable securities		(15,310)		—		(15,310)		15,310		(15,310)
Pension liability amortization and adjustment		1,104		1,104		2,208		(3,312)		1,104
Unrealized gains (losses) and amortization on cash flow hedges		613		613		613		(1,226)		613
Other comprehensive income (loss) before tax		(124,467)		1,784		(123,296)		121,512		(124,467)
Income tax expense (benefit) related to items of other comprehensive income (loss)		648		648		1,056		(1,704)		648
Other comprehensive income (loss), net of tax		(125,115)		1,136		(124,352)		123,216		(125,115)
Comprehensive income (loss) attributable to Nabors		(497,790)		(163,561)		(507,643)		671,204		(497,790)
Net income (loss) attributable to noncontrolling interest		—		—		381		—		381
Translation adjustment attributable to noncontrolling interest		—		—		(1,461)		—		(1,461)
Comprehensive income (loss) attributable to noncontrolling interest		—		—		(1,080)		—		(1,080)
Comprehensive income (loss)	$	(497,790)	$	(163,561)	$	(508,723)	$	671,204	$	(498,870)


	Year Ended December 31, 2014
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net income (loss) attributable to Nabors	$	(670,659)	$	(250,365)	$	(767,817)	$	1,018,182	$	(670,659)
Other comprehensive income (loss) before tax
Translation adjustment attributable to Nabors:
Unrealized loss on translation adjustment		(79,059)		1,583		(79,174)		77,591		(79,059)
Less: reclassification adjustment for realized loss on translation adjustment		—		—		—		—		—
Translation adjustment attributable to Nabors		(79,059)		1,583		(79,174)		77,591		(79,059)
Unrealized gains (losses) on marketable securities:
Unrealized gains (losses) on marketable securities		(59,932)		156		(59,776)		59,620		(59,932)
Less: reclassification adjustment for (gains) losses included in net income (loss)		2,337		(2,395)		(58)		2,453		2,337
Unrealized gains (losses) on marketable securities		(57,595)		(2,239)		(59,834)		62,073		(57,595)
Pension liability amortization and adjustment		(5,050)		(5,050)		(10,100)		15,150		(5,050)
Unrealized gains (losses) and amortization on cash flow hedges		612		612		612		(1,224)		612
Other comprehensive income (loss) before tax		(141,092)		(5,094)		(148,496)		153,590		(141,092)
Income tax expense (benefit) related to items of other comprehensive income (loss)		(2,474)		(2,474)		(5,187)		7,661		(2,474)
Other comprehensive income (loss), net of tax		(138,618)		(2,620)		(143,309)		145,929		(138,618)
Comprehensive income (loss) attributable to Nabors		(809,277)		(252,985)		(911,126)		1,164,111		(809,277)
Net income (loss) attributable to noncontrolling interest		—		—		1,415		—		1,415
Translation adjustment attributable to noncontrolling interest		—		—		(1,017)		—		(1,017)
Comprehensive income (loss) attributable to noncontrolling interest		—		—		398		—		398
Comprehensive income (loss)	$	(809,277)	$	(252,985)	$	(910,728)	$	1,164,111	$	(808,879)

Condensed Consolidating Statements of Cash Flows


	Year Ended December 31, 2016
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net cash provided by (used for) operating activities	$	58,406	$	(233,738)	$	757,660	$	(50,423)	$	531,905
Cash flows from investing activities:
Purchases of investments		—		—		(24)		—		(24)
Sales and maturities of investments		—		—		739		—		739
Cash paid for acquisitions of businesses, net		—		—		(22,278)		—		(22,278)
Cash paid for investments in consolidated affiliates		—		(86,459)		(159,000)		245,459		—
Capital expenditures		—		—		(395,455)		—		(395,455)
Proceeds from sales of assets and insurance claims		—		—		34,831		—		34,831
Change in intercompany balances		—		103,384		(103,384)		—		—
Other		—		—		64		—		64
Net cash provided by (used for) investing activities		—		16,925		(644,507)		245,459		(382,123)
Cash flows from financing activities:
Increase (decrease) in cash overdrafts		—		—		3		—		3
Proceeds from issuance of long-term debt		—		600,000		—		—		600,000
Debt issuance costs		—		(11,520)		—		—		(11,520)
Proceeds from revolving credit facilities		—		610,000		1,500		—		611,500
Reduction in revolving credit facilities		—		(610,000)		(1,500)		—		(611,500)
Proceeds from (payments for) issuance of common shares		967		—		—		—		967
Repurchase of common shares		—		—		(1,687)		—		(1,687)
Reduction in long-term debt		—		(350,000)		(143,612)		—		(493,612)
Dividends to shareholders		(59,866)		—		—		8,942		(50,924)
Proceeds from (payment for) commercial paper, net		—		(8,000)		—		—		(8,000)
Payments on term loan		—		(162,500)		—		—		(162,500)
Proceeds from (payments for) short-term borrowings		—		—		(6,211)		—		(6,211)
Proceeds from parent contributions		—		159,000		86,458		(245,458)		—
Proceeds from issuance of intercompany debt		45,500		—		(45,500)		—		—
Paydown of intercompany debt		(40,000)		—		40,000		—		—
Payments on parent (Equity or N/P)		—		—		(41,480)		41,480		—
Other		(4,732)		—		—		—		(4,732)
Net cash (used for) provided by financing activities		(58,131)		226,980		(112,029)		(195,036)		(138,216)
Effect of exchange rate changes on cash and cash equivalents		—		—		(2,003)		—		(2,003)
Net increase (decrease) in cash and cash equivalents		275		10,167		(879)		—		9,563
Cash and cash equivalents, beginning of period		873		10		253,647		—		254,530
Cash and cash equivalents, end of period	$	1,148	$	10,177	$	252,768	$	—	$	264,093


	Year Ended December 31, 2015
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net cash provided by (used for) operating activities	$	39,478	$	(217,685)	$	1,066,026	$	(31,263)	$	856,556
Cash flows from investing activities:
Purchases of investments		—		—		(9)		—		(9)
Sales and maturities of investments		—		—		961		—		961
Cash paid for acquisitions of businesses, net		—		—		(80,187)		—		(80,187)
Investments in unconsolidated affiliates		—		—		(445)		—		(445)
Proceeds from merger transaction		5,500		646,078		(1,528)		—		650,050
Capital expenditures		—		—		(867,106)		—		(867,106)
Proceeds from sale of assets and insurance claims		—		—		68,206		—		68,206
Change in intercompany balances		—		135,518		(135,518)		—		—
Other		—		—		1,081		—		1,081
Net cash provided by (used for) investing activities		5,500		781,596		(1,014,545)		—		(227,449)
Cash flows from financing activities:
Increase (decrease) in cash overdrafts		—		—		645		—		645
Debt issuance costs		—		(1,847)		—		—		(1,847)
Proceeds from (payments for) issuance of common shares		1,296		—		—		—		1,296
Reduction in long-term debt		—		—		(27,478)		—		(27,478)
Dividends to shareholders		(79,304)		—		—		9,941		(69,363)
Proceeds from (payments for) commercial paper, net		—		(525,119)		—		—		(525,119)
Proceeds (issuance) of intercompany debt		67,500		88,058		(155,558)		—		—
Reduction in revolving credit facilities		—		(450,000)		—		—		(450,000)
Proceeds from term loan		—		625,000		—		—		625,000
Payments on term loan		—		(300,000)		—		—		(300,000)
Cash proceeds from noncontrolling interest		—		—		3,972		—		3,972
Repurchase of common shares		—		—		(99,598)		—		(99,598)
Proceeds from short-term borrowings		—		—		318		—		318
Paydown of intercompany debt		(27,000)		—		27,000		—		—
Payments on parent (Equity or N/P)		—		—		(21,322)		21,322		—
Other Changes		(7,767)		—		—		—		(7,767)
Net cash (used for) provided by financing activities		(45,275)		(563,908)		(272,021)		31,263		(849,941)
Effect of exchange rate changes on cash and cash equivalents		—		—		(25,785)		—		(25,785)
Net increase (decrease) in cash and cash equivalents		(297)		3		(246,325)		—		(246,619)
Cash and cash equivalents, beginning of period		1,170		7		499,972		—		501,149
Cash and cash equivalents, end of period	$	873	$	10	$	253,647	$	—	$	254,530


	Year Ended December 31, 2014
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net cash provided by (used for) operating activities	$	26,943	$	(71,982)	$	1,816,831	$	10,119	$	1,781,911
Cash flows from investing activities:
Purchases of investments		—		—		(319)		—		(319)
Sales and maturities of investments		—		—		23,992		—		23,992
Proceeds from sale of unconsolidated affiliates		—		—		750		—		750
Cash paid for acquisition of businesses, net		—		—		(72,534)		—		(72,534)
Investment in unconsolidated affiliates		—		—		(2,365)		—		(2,365)
Capital expenditures		—		—		(1,821,315)		—		(1,821,315)
Proceeds from sales of assets and insurance claims		—		—		156,761		—		156,761
Changes in intercompany balances		—		(418,315)		418,315		—		—
Other		—		—		(1,879)		—		(1,879)
Net cash provided by (used for) investing activities		—		(418,315)		(1,298,594)		—		(1,716,909)
Cash flows from financing activities:
Increase (decrease) in cash overdrafts		—		—		(6,151)		—		(6,151)
Proceeds from (payments for) issuance of parent common shares to affiliates		16,424		—		—		(16,424)		—
Redemption of subsidiary preferred shares		—		—		(70,875)		—		(70,875)
Treasury stock transactions, net		—		—		(250,037)		—		(250,037)
Cash dividends paid		(65,450)		—		—		6,305		(59,145)
Proceeds (reductions) in commercial paper		—		203,275		—		—		203,275
Proceeds from revolving credit facilities		—		450,000		15,000		—		465,000
Reduction in revolving credit facilities		—		(170,000)		(60,932)		—		(230,932)
Proceeds from issuance of parent common shares		30,263		—		—		—		30,263
Proceeds (issuance) of intercompany debt		55,000		—		(55,000)		—		—
Paydown of intercompany debt		(55,000)		—		55,000		—		—
Other		(7,740)		—		(3,810)		—		(11,550)
Net cash (used for) provided by financing activities		(26,503)		483,275		(376,805)		(10,119)		69,848
Effect of exchange rate changes on cash and cash equivalents		—		—		(23,616)		—		(23,616)
Net increase (decrease) in cash and cash equivalents		440		(7,022)		117,816		—		111,234
Cash and cash equivalents, beginning of period		730		7,029		382,156		—		389,915
Cash and cash equivalents, end of period	$	1,170	$	7	$	499,972	$	—	$	501,149