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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flow From Operating Activities    
Net Income $ 425.8 $ 337.8
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 47.6 45.1
Amortization expense 57.8 46.5
Deferred income taxes 4.5 32.3
Equity in net earnings of affiliates (7.0) (7.9)
Distributions from unconsolidated affiliates 7.6 8.0
Non-cash compensation expense 19.8 14.9
Non-cash pension settlement charge 0.0 31.7
Other 0.3 (0.8)
Change in assets and liabilities:    
Accounts receivable (17.2) (40.3)
Inventories (60.5) (33.1)
Other current assets 24.6 (6.5)
Accounts payable and accrued expenses 43.8 2.4
Income taxes payable 15.2 (7.4)
Other operating assets and liabilities, net 5.7 1.4
Net Cash Provided By Operating Activities 568.0 424.1
Cash Flow From Investing Activities    
Additions to property, plant and equipment (30.4) (20.9)
Acquisitions (49.8) (1,260.0)
Other (2.1) 2.6
Net Cash Used In Investing Activities (82.3) (1,278.3)
Cash Flow From Financing Activities    
Long-term debt borrowings 0.0 1,621.3
Long-term debt (repayments) 0.0 (200.0)
Short-term debt (repayments), net of borrowings (269.5) (109.6)
Proceeds from stock options exercised 58.0 37.9
Payment of cash dividends (159.6) (143.2)
Purchase of treasury stock (200.0) (300.0)
Deferred financing and other (3.0) (17.8)
Net Cash (Used In) Provided By Financing Activities (574.1) 888.6
Effect of exchange rate changes on cash and cash equivalents (2.2) 14.3
Net Change In Cash and Cash Equivalents (90.6) 48.7
Cash and Cash Equivalents at Beginning of Period 278.9 187.8
Cash and Cash Equivalents at End of Period 188.3 236.5
Cash paid during the period for:    
Interest (net of amounts capitalized) 60.3 20.4
Income taxes 71.7 142.4
Supplemental disclosure of non-cash investing activities:    
Property, plant and equipment expenditures included in Accounts Payable $ 6.9 $ 9.2