XML 27 R8.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Statement of Cash Flows [Abstract]      
Net earnings $ 655.3 $ 728.8 $ 689.2
Adjustments to Reconcile Net Earnings to Net Cash Provided by Operating Activities:      
Depreciation and Amortization 99.1 91.6 83.1
Stock-Based Compensation Expense 26.4 30.4 32.6
Deferred Income Taxes 43.3 (15.0) 23.0
Exchange Loss from Devaluation 2.3 6.1 2.2
Mark-to-market on Trading Security (5.6) 0.0 0.0
Pension and Other Post-employment Benefits Expense 12.8 59.1 (7.2)
Other (1.4) (3.4) 2.8
Receivables 10.4 (36.5) (37.7)
Inventories 25.8 (47.0) (108.2)
Accounts Payable 3.7 2.8 56.0
Accrued Expenses, Rebates and Returns 73.8 12.9 14.8
Income Taxes Payable 15.3 5.3 27.0
Other Assets and Liabilities 38.8 8.5 48.4
Payments for Settlement of Interest Rate Forward Swaps 0.0 (45.0) 0.0
Pension and Other Post-employment Benefits Contributions (90.1) (5.2) (19.4)
Net Cash Provided by Operating Activities 909.9 793.4 806.6
CASH FLOWS FROM INVESTING ACTIVITIES:      
Payments for Capital Expenditures (173.7) (186.6) (240.4)
Proceeds from Sale of Property, Plant and Equipment 0.5 0.2 2.6
Proceeds from/(Investment in) Other Companies 0.0 4.0 (2.7)
Net Cash Used in Investing Activities (173.2) (182.4) (240.5)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from Short-term Borrowings 1,003.0 3.2 6.9
Repayments of Short-term Borrowings (1,002.9) (0.6) (165.4)
Proceeds from Issuance of Long-term Notes, net of original issue discounts and expenses paid 1,487.7 492.0 0.0
Repayments of Notes Payable 0.0 (500.0) (27.6)
Proceeds from Long-term Revolver Borrowings, net of original issue discount and expenses paid 446.0 0.0 0.0
Repayment of Long-term Revolver Borrowings (446.0) 0.0 0.0
Payments of Dividends (326.0) (296.6) (267.7)
Stock-based-compensation-related Proceeds and Excess Tax Benefits 25.4 46.2 23.6
Stock-based Compensation Tax Withholdings (11.4) (7.9) (18.9)
Payments for Repurchase of Common Stock (1,437.0) (54.1) (87.1)
Purchase of Redeemable Shares (24.2) 0.0 0.0
Purchase of Trading Securities (16.2) 0.0 0.0
Sale of Trading Securities 21.7 0.0 0.0
Distributions to Noncontrolling Interests (6.9) (7.7) (9.5)
Net Cash Used in Financing Activities (286.8) (325.5) (545.7)
Effects of Changes in Exchange Rates on Cash and Cash Equivalents (46.2) (38.6) (11.7)
NET INCREASE IN CASH AND CASH EQUIVALENTS 403.7 246.9 8.7
CASH AND CASH EQUIVALENTS:      
Beginning of Period 1,297.7 1,050.8 1,042.1
End of Period $ 1,701.4 $ 1,297.7 $ 1,050.8