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Condensed Consolidating Financial Statements (Tables)
 3 Months Ended
Mar. 31, 2014
Condensed Consolidating Financial Statements  
Schedule of Condensed Consolidating Statements of Operations

 

Condensed, Consolidating Statement of Operations

 
   Three months ended March 31, 2014  
 
   Parent   CF Industries   Other
Subsidiaries		   Eliminations   Consolidated  
 
   (in millions)
  

Net sales

   $ —   $ 372.0   $ 1,223.0   $ (462.4 ) $ 1,132.6  

Cost of sales

     —     188.3     963.9     (462.4 )   689.8  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Gross margin

     —     183.7     259.1     —     442.8  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Selling, general and administrative expenses

     0.7     1.4     39.6     —     41.7  

Other operating—net

     —     (0.3 )   (5.5 )    —     (5.8 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total other operating costs and expenses

     0.7     1.1   34.1     —     35.9  

Gain on sale of phosphate business

     —     761.5     (14.4 )    —     747.1  

Equity in earnings of operating affiliates

     —     —     15.8     —     15.8  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating earnings (loss)

     (0.7 )   944.1     226.4     —     1,169.8  

Interest expense

     —     49.4     (9.3 )   (0.1 )   40.0  

Interest income

     —     (0.1 )   (0.2 )   0.1     (0.2 )

Net (earnings) of wholly-owned subsidiaries

     (709.0 )   (151.3 )   —     860.3     —  

Other non-operating—net

     —     (0.1 )   —     —     (0.1 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Earnings before income taxes and equity in losses of non-operating affiliates

     708.3     1,046.2     235.9     (860.3 )   1,130.1  

Income tax provision (benefit)

     (0.2 )   337.1     76.3     —     413.2  

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

     —     (0.1 )   3.6     —     3.5  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net earnings

     708.5     709.0     163.2     (860.3 )   720.4  

Less: Net earnings attributable to noncontrolling interest

     —     —     11.9     —     11.9  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net earnings attributable to common stockholders

   $ 708.5   $ 709.0   $ 151.3   $ (860.3 ) $ 708.5  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       


Condensed, Consolidating Statement of Operations

 
   Three months ended March 31, 2013  
 
   Parent   CFI   Other
Subsidiaries		   Eliminations   Consolidated  
 
   (in millions)
  

Net sales

   $ —   $ 334.9   $ 1,414.8   $ (413.2 ) $ 1,336.5  

Cost of sales

     —     222.0     849.8     (410.4 )   661.4  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Gross margin

     —     112.9     565.0     (2.8 )   675.1  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Selling, general and administrative expenses

     1.0     1.6     41.7     —     44.3  

Other operating—net

     —     6.1     8.5     —     14.6  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total other operating costs and expenses

     1.0     7.7     50.2     —     58.9  

Equity in earnings of operating affiliates

     —     —     11.6     —     11.6  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating earnings (loss)

     (1.0 )   105.2     526.4     (2.8 )   627.8  

Interest expense

     —     29.4     10.3     (0.6 )   39.1  

Interest income

     —     (0.4 )   (2.3 )   0.6     (2.1 )

Net (earnings) of wholly-owned subsidiaries

     (407.2 )   (358.3 )   —     765.5     —  

Other non-operating—net

     —     —     54.7     —     54.7  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Earnings before income taxes and equity in earnings of non-operating affiliates

     406.2     434.5     463.7     (768.3 )   536.1  

Income tax provision (benefit)

     (0.3 )   27.3     80.4     —     107.4  

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

     —     —     0.7     —     0.7  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net earnings

     406.5     407.2     384.0     (768.3 )   429.4  

Less: Net earnings attributable to noncontrolling interest

     —     —     25.7     (2.8 )   22.9  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net earnings attributable to common stockholders

   $ 406.5   $ 407.2   $ 358.3   $ (765.5 ) $ 406.5  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       
Schedule of Condensed Consolidating Statements of Comprehensive Income

Condensed, Consolidating Statement of Comprehensive Income

 
   Three months ended March 31, 2014  
 
   Parent   CF Industries   Other
Subsidiaries		   Eliminations   Consolidated  
 
   (in millions)
  

Net earnings

   $ 708.5   $ 709.0   $ 163.2   $ (860.3 ) $ 720.4  

Other comprehensive income (loss)

     (9.4 )   (9.4 )   (9.4 )   18.8     (9.4 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive income

     699.1     699.6     153.8     (841.5 )   711.0  

Less: Comprehensive income attributable to noncontrolling interest

     —     —     11.9     —     11.9  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive income attributable to common stockholders

   $ 699.1   $ 699.6   $ 141.9   $ (841.5 ) $ 699.1  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       



Condensed, Consolidating Statement of Comprehensive Income

 
   Three months ended March 31, 2013  
 
   Parent   CFI   Other
Subsidiaries		   Eliminations   Consolidated  
 
   (in millions)
  

Net earnings

   $ 406.5   $ 407.2   $ 384.0   $ (768.3 ) $ 429.4  

Other comprehensive income

     (60.5 )   (60.5 )   (107.1 )   167.0     (61.1 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive income

     346.0     346.7     276.9     (601.3 )   368.3  

Less: Comprehensive income attributable to noncontrolling interest

     —     —     25.7     (3.4 )   22.3  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive income attributable to common stockholders

   $ 346.0   $ 346.7   $ 251.2   $ (597.9 ) $ 346.0  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       
Schedule of Condensed Consolidating Balance Sheets

 

Condensed, Consolidating Balance Sheet

 
   March 31, 2014  
 
   Parent   CF Industries   Other
Subsidiaries		   Eliminations
and
Reclassifications		   Consolidated  
 
   (in millions)
  

Assets

                                

Current assets:

                                

Cash and cash equivalents

   $ 0.1   $ 1,398.9   $ 2,131.2   $ —   $ 3,530.2  

Restricted cash

     —     —     653.3     —     653.3  

Accounts and notes receivable-net

     —     1,760.0     802.1     (2,346.4 )   215.7  

Inventories—net

     —     (1.2 )   385.6     —     384.4  

Prepaid income taxes

     1.2     —     18.5     (19.7 )   —  

Deferred income taxes

     —     —     44.6     —     44.6  

Assets held for sale

     —     —     —     —     —  

Other

     —     14.6     68.3     —     82.9  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current assets

     1.3     3,172.3     4,103.6     (2,366.1 )   4,911.1  

Property, plant and equipment—net

     —     —     4,281.9     —     4,281.9  

Deferred income taxes

     —     149.6     —     (149.6 )   —  

Investments in and advances to affiliates

     5,837.8     8,247.5     933.4     (14,085.2 )   933.5  

Due from affiliates

     570.7     —     1.7     (572.4 )   —  

Goodwill

     —     —     2,094.6     —     2,094.6  

Noncurrent assets held for sale

    
—		    
—		    
—		    
—		    
—		  

Other assets

     —     75.0     179.4     —     254.4  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total assets

   $ 6,409.8   $ 11,644.4   $ 11,594.6   $ (17,173.3 ) $ 12,475.5  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Liabilities and Equity

                                

Current liabilities:

                                

Accounts and notes payable and accrued expenses

   $ 1,466.1   $ 260.5   $ 1,213.5   $ (2,346.4 ) $ 593.7  

Income taxes payable

     —     366.8     —     (19.7 )   347.1  

Customer advances

     —     —     477.3     —     477.3  

Liabilities held for sale

     —     —     —     —     —  

Other

     —     14.6     3.0     —     17.6  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current liabilities

     1,466.1     641.9     1,693.8     (2,366.1 )   1,435.7  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Long-term debt

     —     4,592.3     8.7     (8.7 )   4,592.3  

Deferred income taxes

     —     —     970.6     (149.6 )   821.0  

Due to affiliates

     —     572.4     —     (572.4 )   —  

Noncurrent liabilities held for sale

     —     —     —     —     —  

Other noncurrent liabilities

     —     —     318.2     —     318.2  

Equity:

                                

Stockholders' equity:

                                

Preferred stock

     —     —     16.4     (16.4 )   —  

Common stock

     0.6     —     1.1     (1.1 )   0.6  

Paid-in capital

     1,612.0     (12.6 )   7,823.0     (7,810.4 )   1,612.0  

Retained earnings

     4,378.9     5,902.4     450.6     (6,353.0 )   4,378.9  

Treasury stock

     (995.8 )   —     —     —     (995.8 )

Accumulated other comprehensive income (loss)

     (52.0 )   (52.0 )   (52.4 )   104.4     (52.0 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total stockholders' equity

     4,943.7     5,837.8     8,238.7     (14,076.5 )   4,943.7  

Noncontrolling interest

     —     —     364.6     —     364.6  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total equity

     4,943.7     5,837.8     8,603.3     (14,076.5 )   5,308.3  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total liabilities and equity

   $ 6,409.8   $ 11,644.4   $ 11,594.6   $ (17,173.3 ) $ 12,475.5  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       


Condensed, Consolidating Balance Sheet

 
   December 31, 2013  
 
   Parent   CF Industries   Other
Subsidiaries		   Eliminations
and
Reclassifications		   Consolidated  
 
   (in millions)
  

Assets

                                

Current assets:

                                

Cash and cash equivalents

   $ 0.1   $ 20.4   $ 1,690.3   $ —   $ 1,710.8  

Restricted cash

     —     —     154.0     —     154.0  

Accounts and notes receivable-net

     —     287.1     1,172.2     (1,228.4 )   230.9  

Inventories—net

     —     3.3     271.0     —     274.3  

Prepaid income taxes

     0.9     —     33.4     (0.9 )   33.4  

Deferred income taxes

     —     —     60.0     —     60.0  

Assets held for sale

     —     68.1     6.2     —     74.3  

Other

     —     —     92.4     —     92.4  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current assets

     1.0     378.9     3,479.5     (1,229.3 )   2,630.1  

Property, plant and equipment—net

     —     —     4,101.7     —     4,101.7  

Deferred income taxes

     —     149.7     —     (149.7 )   —  

Investments in and advances to affiliates

     5,193.4     8,161.1     925.8     (13,354.3 )   926.0  

Due from affiliates

     570.7     —     1.7     (572.4 )   —  

Goodwill

     —     —     2,095.8     —     2,095.8  

Noncurrent assets held for sale

     —     679.0     —     —     679.0  

Other assets

     —     60.7     184.8     —     245.5  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total assets

   $ 5,765.1   $ 9,429.4   $ 10,789.3   $ (15,305.7 ) $ 10,678.1  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Liabilities and Equity

                                

Current liabilities:

                                

Accounts and notes payable and accrued expenses

   $ 40.6   $ 354.2   $ 715.9   $ (546.6 ) $ 564.1  

Income taxes payable

     —     29.1     45.1     (0.9 )   73.3  

Customer advances

     —     —     120.6     —     120.6  

Liabilities held for sale

     —     26.8     —     —     26.8  

Other

     648.4     0.9     84.9     (690.7 )   43.5  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current liabilities

     689.0     411.0     966.5     (1,238.2 )   828.3  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Long-term debt

     —     3,098.1     —     —     3,098.1  

Deferred income taxes

     —     —     982.9     (149.7 )   833.2  

Due to affiliates

     —     572.4     —     (572.4 )   —  

Noncurrent liabilities held for sale

     —     154.5     —     —     154.5  

Other noncurrent liabilities

     —     —     325.6     —     325.6  

Equity:

                                

Stockholders' equity:

                                

Preferred stock

     —     —     16.4     (16.4 )   —  

Common stock

     0.6     —     1.1     (1.1 )   0.6  

Paid-in capital

     1,594.3     (12.6 )   7,823.0     (7,810.4 )   1,594.3  

Retained earnings

     3,725.6     5,248.6     354.5     (5,603.1 )   3,725.6  

Treasury stock

     (201.8 )   —     —     —     (201.8 )

Accumulated other comprehensive income (loss)

     (42.6 )   (42.6 )   (43.0 )   85.6     (42.6 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total stockholders' equity

     5,076.1     5,193.4     8,152.0     (13,345.4 )   5,076.1  

Noncontrolling interest

     —     —     362.3     —     362.3  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total equity

     5,076.1     5,193.4     8,514.3     (13,345.4 )   5,438.4  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total liabilities and equity

   $ 5,765.1   $ 9,429.4   $ 10,789.3   $ (15,305.7 ) $ 10,678.1  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       
Schedule of Condensed Consolidating Statements of Cash Flows

 

Condensed, Consolidating Statement of Cash Flows

 
   Three months ended March 31, 2014  
 
   Parent   CF Industries   Other
Subsidiaries		   Eliminations   Consolidated  
 
   (in millions)
  

Operating Activities:

                                

Net earnings

   $ 708.5   $ 709.0   $ 163.2   $ (860.3 ) $ 720.4  

Adjustments to reconcile net earnings to net cash provided by (used in) operating activities

                                

Depreciation, depletion and amortization

     —     1.6     103.7     —     105.3  

Deferred income taxes

     —     —     17.1     —     17.1  

Stock compensation expense

     3.8     —     —     —     3.8  

Excess tax benefit from stock-based compensation            

     (4.5 )   —     —     —     (4.5 )

Unrealized loss (gain) on derivatives

     —     —     21.9     —     21.9  

Gain on sale of phosphate business

     —     (761.5 )   14.4     —     (747.1 )

Loss (gain) on disposal of property, plant and equipment

     —     —     0.1     —     0.1  

Undistributed loss (earnings) of affiliates—net

     (709.0 )   (151.3 )   (11.4 )   860.3     (11.4 )

Due to / from affiliates—net

     4.5     1.8     (6.3 )   —     —  

Changes in:

                                

Accounts and notes receivable—net

     —     (16.7 )   (278.5 )   327.4     32.2  

Inventories—net

     —     5.6     (117.9 )   —     (112.3 )

Accrued income taxes

     (0.2 )   337.6     (57.5 )   —     279.9  

Accounts and notes payable and accrued expenses            

     0.1     340.5     54.2     (327.4 )   67.4  

Customer advances

     —     —     356.8     —     356.8  

Other—net

     —     (3.6 )   24.0     —     20.4  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) operating activities            

     3.2     463.0     283.8     —     750.0  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Investing Activities:

                                

Additions to property, plant and equipment

     —     (16.3 )   (376.1 )   —     (392.4 )

Proceeds from sale of property, plant and equipment

     —     —     1.3     —     1.3  

Proceeds from sale of phosphate business

     —     893.1     460.5     —     1,353.6  

Deposits to restricted cash funds

     —     —     (505.0 )   —     (505.0 )

Withdrawals from restricted cash funds

     —     —     5.7     —     5.7  

Other—net

     —     —     5.8     —     5.8  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) investing activities                        

     —     876.8     (407.8 )   —     469.0  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Financing Activities:

                                

Proceeds from long-term borrowings

     —     1,494.2     —     —     1,494.2  

Short-term debt—net

     764.7     (1,438.8 )   674.1     —     —  

Financing fees

     —     (15.7 )   —     —     (15.7 )

Purchase of treasury stock

     (781.8 )   —     —     —     (781.8 )

Dividends paid on common stock

     (55.2 )   (55.2 )   (55.2 )   110.4     (55.2 )

Distributions to/from noncontrolling interest

     —     —     (9.6 )   —     (9.6 )

Issuances of common stock under employee stock plans

     9.4     —     —     —     9.4  

Excess tax benefit from stock-based compensation            

     4.5     —     —     —     4.5  

Dividends to / from affiliates

     55.2     55.2     —     (110.4 )   —  

Other—net

     —     (1.0 )   (42.0 )   —     (43.0 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) financing activities                        

     (3.2 )   38.7     567.3     —     602.8  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Effect of exchange rate changes on cash and cash equivalents

     —     —     (2.4 )   —     (2.4 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Increase (decrease) in cash and cash equivalents

     —     1,378.5     440.9     —     1,819.4  

Cash and cash equivalents at beginning of period

     0.1     20.4     1,690.3     —     1,710.8  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash and cash equivalents at end of period

   $ 0.1   $ 1,398.9   $ 2,131.2   $ —   $ 3,530.2  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Condensed, Consolidating Statement of Cash Flows

 
   Three months ended March 31, 2013  
 
   Parent   CFI   Other
Subsidiaries		   Eliminations   Consolidated  
 
   (in millions)
  

Operating Activities:

                                

Net earnings

   $ 406.5   $ 407.2   $ 384.0   $ (768.3 ) $ 429.4  

Adjustments to reconcile net earnings to net cash provided by (used in) operating activities

                                

Depreciation, depletion and amortization           

     —     16.6     90.5     —     107.1  

Deferred income taxes

     —     —     (66.7 )   —     (66.7 )

Stock compensation expense           

     3.0     —     0.2     —     3.2  

Excess tax benefit from stock-based compensation

     (9.0 )   —     —     —     (9.0 )

Unrealized loss (gain) on derivatives

     —     —     (9.0 )   —     (9.0 )

Loss (gain) on disposal of property, plant and equipment

     —     —     2.3     —     2.3  

Undistributed loss (earnings) of affiliates—net                     

     (407.2 )   (361.1 )   (4.2 )   768.3     (4.2 )

Due to / from affiliates—net

     9.0     —     (9.0 )   —     —  

Changes in:

                                

Accounts and notes receivable—net

     (163.0 )   (346.7 )   (882.9 )   1,367.2     (25.4 )

Inventories—net

     —     (7.9 )   (101.9 )   —     (109.8 )

Accrued income taxes

     (0.3 )   27.3     (108.8 )   —     (81.8 )

Accounts payable and accrued expenses

     649.7     250.7     540.3     (1,367.2 )   73.5  

Customer advances

     —     —     317.9     —     317.9  

Other—net

     —     (2.8 )   54.0     —     51.2  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) operating activities           

     488.7     (16.7 )   206.7     —     678.7  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Investing Activities:

                                

Additions to property, plant and equipment

     —     (19.0 )   (133.8 )   —     (152.8 )

Proceeds from sale of property, plant and equipment

     —     —     3.3     —     3.3  

Deposit on CFL acquisition

     —     (45.3 )   —     —     (45.3 )

Other—net

     —     —     (1.9 )   —     (1.9 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) investing activities           

     —     (64.3 )   (132.4 )   —     (196.7 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Financing Activities:

                                

Short-term debt—net

     —     (11.7 )   11.7     —     —  

Dividends paid on common stock

     (25.2 )   (25.2 )   (25.2 )   50.4     (25.2 )

Dividends to / from affiliates           

     25.2     25.2     —     (50.4 )   —  

Distributions to/from noncontrolling interest

     —     —     (16.7 )   —     (16.7 )

Purchase of treasury stock

     (500.1 )   —     —     —     (500.1 )

Issuances of common stock under employee stock plans

     4.6     —     —     —     4.6  

Excess tax benefit from stock-based compensation

     9.0     —     —     —     9.0  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) financing activities           

     (486.5 )   (11.7 )   (30.2 )   —     (528.4 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Effect of exchange rate changes on cash and cash equivalents

     —     —     (18.2 )   —     (18.2 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Increase (decrease) in cash and cash equivalents

     2.2     (92.7 )   25.9     —     (64.6 )

Cash and cash equivalents at beginning of period

     —     440.8     1,834.1     —     2,274.9  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash and cash equivalents at end of period

   $ 2.2   $ 348.1   $ 1,860.0   $ —   $ 2,210.3  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​