XML 17 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income (loss) including noncontrolling interests $ 536.2 $ 337.4
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 396.0 137.7
Amortization of debt issuance costs and discounts 11.2 35.5
Share-based compensation 31.6 11.5
(Gain) loss on sale or impairment of properties and other assets, net (4.3) (79.8)
Equity income in MillerCoors 0.0 (323.2)
Distributions from MillerCoors 0.0 323.2
Equity in net (income) loss of other unconsolidated affiliates 4.7 2.4
Unrealized (gain) loss on foreign currency fluctuations and derivative instruments, net (40.5) (5.2)
Income tax (benefit) expense 187.6 37.9
Income tax (paid) received 23.5 (109.1)
Interest expense, excluding interest amortization 177.6 95.5
Interest paid (175.4) (95.1)
Pension expense (benefit) (14.1) 4.0
Pension Contributions Paid (72.1) (10.4)
Change in current assets and liabilities (net of impact of business combinations) and other (242.5) (82.2)
(Gain) loss from discontinued operations (1.0) 2.3
Net Cash Provided by (Used in) Operating Activities 818.5 282.4
Cash flows from investing activities:    
Additions to properties (354.0) (121.6)
Proceeds from sales of properties and other assets 46.1 144.6
Investment in MillerCoors 0.0 (810.6)
Return of capital from MillerCoors 0.0 731.1
Other 6.0 (4.1)
Net cash provided by (used in) investing activities (301.9) (60.6)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net 0.0 2,525.9
Exercise of stock options under equity compensation plans 1.1 5.4
Dividends paid (176.6) (176.5)
Debt issuance costs (4.6) (15.0)
Payments on debt and borrowings (2,201.5) (17.9)
Proceeds on debt and borrowings 1,536.0 31.7
Net proceeds from (payments on) revolving credit facilities and commercial paper 282.0 2.5
Change in overdraft balances and other (29.6) (17.5)
Net cash provided by (used in) financing activities (593.2) 2,338.6
Cash and cash equivalents:    
Net increase (decrease) in cash and cash equivalents (76.6) 2,560.4
Effect of foreign exchange rate changes on cash and cash equivalents 18.6 (1.0)
Balance at beginning of year 560.9 430.9
Balance at end of period $ 502.9 $ 2,990.3