XML 43 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
OPERATING ACTIVITIES    
Net income including noncontrolling interest $ 466.8 $ 374.5
Adjustments to reconcile net income including noncontrolling interest to cash provided by operating activities:    
Depreciation 348.5 245.3
Amortization 185.1 39.7
Deferred income taxes 14.6 3.3
Share-based compensation expense 50.7 28.0
Excess tax benefits from share-based payment arrangements (28.1) (8.9)
Pension and postretirement plan contributions (232.0) (132.0)
Pension and postretirement plan expense 82.2 60.6
Restructuring, net of cash paid 33.4 44.7
Other, net (3.2) 5.6
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable (174.7) (74.1)
Inventories (27.4) (28.0)
Other assets (48.6) (40.7)
Accounts payable 46.7 47.1
Other liabilities 6.8 (24.4)
Cash provided by operating activities 720.8 540.7
INVESTING ACTIVITIES    
Capital expenditures (394.0) (228.3)
Capitalized software expenditures (17.6) (16.5)
Property and other assets sold 9.9 3.1
Businesses acquired and investments in affiliates, net of cash acquired (43.0) (281.9)
Sale of businesses 13.8  
Deposit into indemnification escrow (1.3) (28.1)
Release from indemnification escrow 17.3  
Cash used for investing activities (414.9) (551.7)
FINANCING ACTIVITIES    
Net issuances (repayments) of commercial paper and notes payable (389.6) 297.0
Long-term debt borrowings 501.6  
Long-term debt repayments (1,692.9) (155.7)
Reacquired shares (193.1) (122.5)
Cash dividends on common stock (180.5) (122.3)
Exercise of employee stock options 113.7 60.2
Excess tax benefits from share-based payment arrangements 28.1 8.9
Other, net (3.1) (8.3)
Cash used for financing activities (1,815.8) (42.7)
Effect of exchange rate changes on cash (9.7) 18.7
DECREASE IN CASH AND CASH EQUIVALENTS (1,519.6) (35.0)
Cash and cash equivalents, beginning of period 1,843.6 242.3
Cash and cash equivalents, end of period $ 324.0 $ 207.3