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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash from operating activities:    
Net income $ 227.3 $ 158.4
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 54.1 61.9
Stock-based compensation expense 12.1 11.6
Excess tax benefits from stock-based compensation payment arrangements   (4.2)
Net change in components of working capital (66.8) (45.9)
Net change in other long-term assets and liabilities 11.1 12.4
Net cash provided by operating activities 237.8 194.2
Cash from investing activities:    
Capital expenditures (48.7) (41.0)
Proceeds from disposals of property, plant and equipment 0.3 2.7
Purchases of short-term investments (18.2) (16.1)
Sales and maturities of short-term investments 122.1 13.1
Acquisitions, net of cash acquired (46.6) (1,185.8)
Net cash provided by (used in) investing activities 8.9 (1,227.1)
Cash from financing activities:    
Borrowings under commercial paper program, net 225.3 50.8
Payment of costs related to debt financing   (3.0)
Proceeds from exercise of stock options 23.7 14.6
Excess tax benefits from stock-based compensation payment arrangements   4.2
Distributions to shareholders of noncontrolling interests (4.2) (4.0)
Purchase and retirement of treasury stock (249.2) (49.2)
Dividend payments (49.3) (43.2)
Net cash used in financing activities (53.7) (29.8)
Effect of exchange rate changes on cash and cash equivalents 15.3 12.5
Net change in cash and cash equivalents 208.3 (1,050.2)
Cash and cash equivalents balance, beginning of period 1,034.6 1,737.2
Cash and cash equivalents balance, end of period 1,242.9 687.0
Cash paid for:    
Interest 32.4 31.2
Income taxes $ 77.4 $ 47.6