CASH FLOWS

The impact of changes in foreign currency exchange rates on cash was not material and has been included in Other, net in the accompanying consolidated statements of cash flows.

Interest paid was approximately $97.3 million, $88.1 million and $96.8 million for the years ended December 31, 2013, 2012 and 2011, respectively.

Significant non-cash financing and investing activities excluded from the accompanying consolidated statements of cash flows include capitalized leases of approximately $0.1 million and $0.9 million for 2013 and 2012, respectively. There were no capitalized lease additions for 2011.

During 2013, the Company recorded a non-cash addition to buildings within property and equipment and other long-term liabilities of approximately $33.6 million related to construction in progress of new facilities in Mexico. Under the terms of the agreements, the Company is considered to be the owner of the asset during the construction period in accordance with the provisions of ASC 840, Leases, with respect to such transactions. The Company anticipates that upon completion of the facilities, it will incur annual payments of approximately $3.1 million under the agreements for a period of ten years. See Note 5, "Exit and Disposal Activities", for further description surrounding the Manufacturing Rationalization and Relocation Initiative associated with these new facilities.

Net cash paid for acquisitions for the periods presented was as follows:



	For the year ended December 31,
	2013			2012		2011
	(Dollar amounts in millions)
Fair value of assets acquired	$	201.9		$	—	$	30.2
Fair value of liabilities assumed or created	(55.5		)	—		(5.1		)
Net assets of businesses acquired	146.4			—		25.1
Other payments	—			2.6		5.8
	$	146.4		$	2.6	$	30.9