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Consolidated and Combined Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net earnings $ 872.3 $ 863.8 $ 883.4
Noncash items:      
Depreciation 90.7 88.1 87.8
Amortization 85.7 88.8 90.2
Stock-based compensation expense 45.3 35.2 30.8
Impairment charge on intangible assets 4.8 12.0 0.0
Gain on sale of product line 0.0 0.0 (33.9)
Change in deferred income taxes (10.0) 8.0 (10.8)
Change in accounts receivable, net 24.8 (51.8) (74.0)
Change in inventories (28.7) (27.7) (22.2)
Change in trade accounts payable 17.2 53.6 28.8
Change in prepaid expenses and other assets (16.3) (61.3) (27.8)
Change in accrued expenses and other liabilities 51.1 0.3 (5.6)
Net cash provided by operating activities 1,136.9 1,009.0 946.7
Cash flows from investing activities:      
Cash paid for acquisitions (190.1) (37.1) (289.0)
Payments for additions to property, plant and equipment (129.6) (120.1) (102.6)
Proceeds from sale of product line 0.0 0.0 86.7
All other investing activities 8.9 (16.9) 13.8
Net cash used in investing activities (310.8) (174.1) (291.1)
Cash flows from financing activities:      
Net proceeds from borrowings (maturities of 90 days or less) 375.2 0.0 0.0
Proceeds from borrowings (maturities longer than 90 days) 2,978.1 0.0 0.0
Cash dividend paid to Former Parent (3,000.0) 0.0 0.0
Payments of cash dividend to shareholders (48.4) 0.0 0.0
Net transfers to Former Parent (301.4) (834.9) (635.0)
All other financing activities 0.3 0.0 (20.6)
Net cash provided by (used in) financing activities 3.8 (834.9) (655.6)
Effect of exchange rate changes on cash and equivalents (26.7) 0.0 0.0
Net change in cash and equivalents 803.2 0.0 0.0
Beginning balance of cash and equivalents 0.0 0.0 0.0
Ending balance of cash and equivalents $ 803.2 $ 0.0 $ 0.0