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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
OPERATING ACTIVITIES      
Net income including noncontrolling interest $ 1,440.3 $ 1,518.6 $ 1,246.5
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation 621.3 585.7 561.0
Amortization 317.0 307.6 289.7
Deferred income taxes 85.1 (353.5) (90.6)
Share-based compensation expense 94.4 90.5 85.7
Excess tax benefits from share-based payment arrangements     (43.6)
Pension and postretirement plan contributions (60.0) (144.1) (211.8)
Pension and postretirement plan expense 31.9 36.9 54.1
Restructuring charges, net of cash paid 43.5 5.2 (60.5)
Gain on sale of businesses   (50.6) (0.5)
Other, net 24.0 37.4 14.2
Asset charges and write-downs   15.1 65.9
Changes in operating assets and liabilities, net of effect of acquisitions:      
Accounts receivable (164.1) (91.5) 0.9
Inventories (141.1) (85.5) 18.8
Other assets (80.7) (48.9) (34.9)
Accounts payable 113.5 121.1 (55.1)
Other liabilities (47.4) 147.3 99.9
Cash provided by operating activities 2,277.7 2,091.3 1,939.7
INVESTING ACTIVITIES      
Capital expenditures (847.1) (868.6) (756.8)
Property and other assets sold 30.0 10.7 30.5
Acquisitions and investments in affiliates, net of cash acquired (229.8) (989.2) (49.5)
Divestiture of businesses 9.2 118.8 0.9
Settlement of net investment hedges 14.1 2.1 1.3
Other, net (6.4) (0.8)  
Cash used for investing activities (1,030.0) (1,727.0) (773.6)
FINANCING ACTIVITIES      
Net issuances of commercial paper and notes payable 341.8 (43.7) (606.4)
Long-term debt borrowings   1,309.4 2,390.0
Long-term debt repayments (551.6) (799.0) (1,569.6)
Reacquired shares (562.4) (600.3) (739.6)
Dividends paid (496.5) (448.7) (427.5)
Exercise of employee stock options 114.5 83.8 76.8
Excess tax benefits from share-based payment arrangements     43.6
Acquisition related liabilities and contingent consideration (10.1) (8.5) (35.5)
Other, net (8.4) (15.7)  
Cash used for financing activities (1,172.7) (522.7) (868.2)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 7.6 (10.6) (10.3)
Increase (decrease) in cash, cash equivalents and restricted cash 82.6 (169.0) 287.6
Cash, cash equivalents and restricted cash, beginning of period 211.4 380.4 92.8
Cash, cash equivalents and restricted cash, end of period 294.0 211.4 380.4
SUPPLEMENTAL CASH FLOW INFORMATION      
Income taxes paid 395.2 402.8 359.1
Interest paid $ 206.4 $ 239.3 $ 267.0