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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING ACTIVITIES    
Net income including noncontrolling interest $ 248.2 $ 257.3
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 150.9 142.2
Amortization 80.2 73.8
Deferred income taxes 13.3 3.3
Share-based compensation expense 33.7 30.9
Pension and postretirement plan contributions (23.0) (23.0)
Pension and postretirement plan expense 8.6 8.8
Restructuring charges, net of cash paid (7.7) (6.2)
Other, net 4.9 4.7
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable 33.9 76.4
Inventories (77.2) (67.5)
Other assets (1.0) (13.7)
Accounts payable 40.4 12.9
Other liabilities (18.0) (74.2)
Cash provided by operating activities 487.2 425.7
INVESTING ACTIVITIES    
Capital expenditures (203.3) (167.5)
Property and other assets sold 0.5 0.5
Acquisitions and investments in affiliates, net of cash acquired (76.5) (826.6)
Divestiture of businesses 9.4  
Settlement of net investment hedges 14.1  
Other, net   (1.7)
Cash used for investing activities (255.8) (995.3)
FINANCING ACTIVITIES    
Net issuances of commercial paper and notes payable 354.3 858.8
Long-term debt repayments (300.6) (0.4)
Reacquired shares (215.1) (374.5)
Dividends paid (123.4) (113.2)
Exercise of employee stock options 28.4 25.7
Acquisition related liabilities and contingent consideration (8.6)  
Other, net   (0.9)
Cash (used for) provided by financing activities (265.0) 395.5
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2.3) 5.8
Decrease in cash, cash equivalents and restricted cash (35.9) (168.3)
Cash, cash equivalents and restricted cash, beginning of period 211.4 380.4
Cash, cash equivalents and restricted cash, end of period $ 175.5 $ 212.1