Supplemental Cash Flow and Noncash Investing Transactions

12 Months Ended

Dec. 31, 2013

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow and Noncash Investing Transaction

Supplemental Cash Flow Information and Noncash Investing Transactions

	2013		2012		2011
Supplemental Cash Flow Information (in millions)
Interest paid (1)	$	148.7	$	162.3	$	152.7
Income taxes paid (refunded), net	7.4		11.1		(2.8		)

________

(1) Interest paid consisted of interest on debt obligations, interest rate swaps (net of interest received), and capital leases. The interest expense we capitalized as part of the cost of construction of major assets was immaterial for all periods presented.

	2013		2012		2011
Noncash Investing Transactions (in millions)
Distributions from affiliates (1)	$	174.7	$	—	$	88.8
Portfolio proceeds (2)	91.1		—		—

________

(1) In 2013, we received five vessels and related working capital with a fair value of $151.8 million in connection with our disposition of the Singco and Somargas joint ventures. Additionally, we received distributions of 640 railcars with a fair value of $22.9 million from our Southern Capital affiliate. In 2011, we received six vessels with a fair value of $88.8 million in connection with our disposition of the Clipper Fourth Limited and Clipper Fourth APS affiliates.

(2) Proceeds from the sale of our interest in Ahaus Alstätter Eisenbahn Cargo AG (“AAE”) included receipt of a $91.1 million note.

For additional information see "Note 7. Investments in Affiliated Companies."