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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities:    
Net income $ 194.5 $ 185.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 110.2 104.6
Deferred income tax benefit (2.0) (1.5)
Gain on sales of property, plant and equipment (0.3) (1.0)
Stock-based compensation expense 12.4 12.9
Other 5.1 3.4
Changes in operating assets and liabilities:    
Accounts receivable 25.0 (188.0)
Inventories 75.3 (230.4)
Prepaid expenses and other assets 0.4 37.2
Accounts payable and other liabilities 43.3 186.6
Net cash provided by operating activities 463.9 109.5
Investing activities:    
Purchases of property, plant and equipment (77.1) (86.9)
Proceeds from sale of business, net   26.2
Other (1.5) (9.0)
Net cash used in investing activities (78.6) (69.7)
Financing activities:    
Net short-term debt borrowings (repayments) 6.8 (3.6)
Proceeds from long-term debt borrowings 412.0 297.0
Principal payments on long-term debt (521.8) (270.3)
Dividends and dividend equivalents paid (61.4) (54.4)
Exercise of stock options 10.6 21.3
Share repurchases (200.0)  
Other (4.3) (1.1)
Net cash used in financing activities (358.1) (11.1)
Effect of exchange rate changes on cash (1.5) 1.2
Increase in cash and cash equivalents 25.7 29.9
Cash and cash equivalents at beginning of year 106.2 83.6
Cash and cash equivalents at end of period 131.9 113.5
Supplemental cash flow information:    
Interest paid during the period 42.2 40.5
Income taxes paid during the period, net $ 118.2 $ 62.5