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Consolidated Statements of Cash Flows (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating activities  
Net income$ 141.7$ 113.4
Reconciliation of net income to cash flows from operating activities:  
Depreciation51.244.7
Amortization13.49.1
Non-cash compensation12.710.4
Loss (gain) on sale of property and equipment, net0.6(3.6)
Loss on writedown of assets0.4 
Deferred taxes(0.4)(5.6)
Change in tax benefits from stock-based compensation(3.0)(1.5)
Foreign exchange gain(1.0)(1.4)
Changes in assets and liabilities, excluding effects of acquisitions and divestitures:  
Current and long-term receivables(151.8)(114.7)
Inventories(43.9)(53.9)
Accounts payable and accrued expenses75.360.4
Income taxes18.83.5
Long-term liabilities4.32.4
Other operating activities0.6(0.8)
Net cash provided by operating activities118.962.4
Investing activities  
Capital expenditures(48.5)(46.8)
Acquisitions, net of cash(108.7) 
Proceeds from sale of property and equipment1.35.7
Proceeds from sale of investments5.3 
Proceeds from sale of business 20.6
Other investing activities(0.3)(0.2)
Net cash used in investing activities(150.9)(20.7)
Financing activities  
Net change in short-term borrowings and revolving credit lines103.0 
Redemption of bonds(59.0) 
Dividends(32.3)(30.1)
Treasury shares and stock options, net9.35.1
Change in tax benefits from stock-based compensation3.01.5
Net cash provided by (used in) financing activities24.0(23.5)
Effect of exchange rate changes on cash0.40.3
Change in cash and cash equivalents(7.6)18.5
Cash and cash equivalents  
Beginning of period89.496.3
End of period$ 81.8$ 114.8