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Equity Method Investments (Tables)
9 Months Ended
Sep. 30, 2012
Equity Method Investments  
Equity Method Investments

 

 

 
  September 30,
2012
  December 31,
2011
 
 
  (in millions)
 

Operating equity method investments

  $ 408.1   $ 413.1  

Non-operating equity method investments

    583.8     515.5  
           

Investments in and advances to affiliates

  $ 991.9   $ 928.6  
           
Schedule of combined results of operations and financial position for our operating equity method investments

 

 

 
  Three months ended
September 30,
  Nine months ended
September 30,
 
 
  2012   2011   2012   2011  
 
  (in millions)
 

Condensed statement of operations information:

                         

Net sales

  $ 67.8   $ 116.4   $ 249.0   $ 272.7  
                   

Net earnings

  $ 20.5   $ 39.8   $ 83.0   $ 93.5  
                   

Equity in earnings of operating affiliates

  $ 10.2   $ 15.0   $ 39.5   $ 40.7  
                   

 

 
  September 30,
2012
  December 31,
2011
 
 
  (in millions)
 

Condensed balance sheet information:

             

Current assets

  $ 117.0   $ 126.6  

Long-term assets

    160.1     147.2  
           

Total assets

  $ 277.1   $ 273.8  
           

Current liabilities

  $ 42.6   $ 41.1  

Long-term liabilities

    23.5     24.2  

Equity

    211.0     208.5  
           

Total liabilities and equity

  $ 277.1   $ 273.8  
           
Schedule of combined results of operations and financial position for our non-operating equity method investments

 

 

 
  Three months ended
September 30,
  Nine months ended
September 30,
 
 
  2012   2011   2012   2011  
 
  (in millions)
 

Condensed statement of operations information:

                         

Net sales

  $ 685.6   $ 896.8   $ 2,182.6   $ 2,178.2  
                   

Net earnings

  $ 54.2   $ 39.7   $ 116.9   $ 89.7  
                   

Equity in earnings of non-operating affiliates—net of taxes

  $ 23.9   $ 16.7   $ 48.8   $ 35.0  
                   

 

 
  September 30,
2012
  December 31,
2011
 
 
  (in millions)
 

Condensed balance sheet information:

             

Current assets

  $ 759.1   $ 504.2  

Long-term assets

    290.1     293.4  
           

Total assets

  $ 1,049.2   $ 797.6  
           

Current liabilities

  $ 472.2   $ 339.5  

Long-term liabilities

    139.9     149.4  

Equity

    437.1     308.7  
           

Total liabilities and equity

  $ 1,049.2   $ 797.6