XML 51 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
9 Months Ended
Mar. 31, 2014
Mar. 31, 2013
OPERATING ACTIVITIES    
Net income $ 94.7 $ 105.6
Adjustments to reconcile net income to net cash provided from operating activities:    
Depreciation and amortization 80.9 77.1
Deferred income taxes 2.0 37.3
Net pension expense 43.0 51.7
Net loss on disposal of property and equipment 0.5 1.0
Changes in working capital and other:    
Accounts receivable 30.0 0.7
Inventories (60.6) (41.7)
Other current assets (6.4) (32.6)
Accounts payable 0.5 (32.9)
Accrued liabilities (31.4) (8.5)
Pension plan contributions (4.6) (143.3)
Other, net (4.6) (5.1)
Net cash provided from operating activities 144.0 9.3
INVESTING ACTIVITIES    
Purchases of property, equipment and software (298.2) (201.1)
Proceeds from disposals of property and equipment 0.3 0.4
Proceeds from sale of equity method investment   7.9
Net cash used for investing activities (297.9) (192.8)
FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt, net of discounts and offering costs   297.0
Dividends paid (28.8) (28.7)
Purchase of subsidiary shares from noncontrolling interest   (8.4)
Tax benefits on share-based compensation 2.2 3.7
Proceeds from stock options exercised 6.8 2.3
Net cash (used for) provided from financing activities (19.8) 265.9
Effect of exchange rate changes on cash and cash equivalents 1.5 1.3
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (172.2) 83.7
Cash and cash equivalents at beginning of period 257.5 211.0
Cash and cash equivalents at end of period 85.3 294.7
Non-cash investing activities:    
Acquisition of property, equipment and software $ 41.2 $ 52.7