XML 44 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net income $ 29.9us-gaap_ProfitLoss $ 99.2us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 54.1us-gaap_Depreciation 59.4us-gaap_Depreciation
Deferred debt issuance cost amortization 0.4us-gaap_AmortizationOfFinancingCosts 0.7us-gaap_AmortizationOfFinancingCosts
Amortization of intangibles 10.5us-gaap_AmortizationOfIntangibleAssets 10.0us-gaap_AmortizationOfIntangibleAssets
Stock compensation 2.4us-gaap_ShareBasedCompensation 6.4us-gaap_ShareBasedCompensation
Equity in net earnings of affiliates, net of cash received (12.5)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions (12.7)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
Deferred income tax provision (2.8)us-gaap_DeferredIncomeTaxExpenseBenefit 4.7us-gaap_DeferredIncomeTaxExpenseBenefit
Other (0.1)us-gaap_OtherNoncashIncomeExpense 0.3us-gaap_OtherNoncashIncomeExpense
Changes in operating assets and liabilities:    
Accounts and notes receivable, net (167.9)us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable (254.0)us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable
Inventories, net (239.8)us-gaap_IncreaseDecreaseInInventories (424.3)us-gaap_IncreaseDecreaseInInventories
Other current and noncurrent assets (46.4)us-gaap_IncreaseDecreaseInOtherOperatingAssets (25.1)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable 174.0us-gaap_IncreaseDecreaseInAccountsPayable 70.1us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses (89.9)us-gaap_IncreaseDecreaseInAccruedLiabilities (46.5)us-gaap_IncreaseDecreaseInAccruedLiabilities
Other current and noncurrent liabilities 2.1us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 0.8us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Total adjustments (315.9)us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities (610.2)us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
Net cash used in operating activities (286.0)us-gaap_NetCashProvidedByUsedInOperatingActivities (511.0)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Purchases of property, plant and equipment (62.9)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (101.2)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of property, plant and equipment 0.4us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 1.3us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Investment in unconsolidated affiliates (5.2)us-gaap_PaymentsToAcquireEquityMethodInvestments 0us-gaap_PaymentsToAcquireEquityMethodInvestments
Net cash used in investing activities (67.7)us-gaap_NetCashProvidedByUsedInInvestingActivities (99.9)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Proceeds from debt obligations, net 445.8us-gaap_ProceedsFromIssuanceOfLongTermDebt 106.9us-gaap_ProceedsFromIssuanceOfLongTermDebt
Purchases and retirement of common stock (62.5)us-gaap_PaymentsForRepurchaseOfCommonStock (290.0)us-gaap_PaymentsForRepurchaseOfCommonStock
Payment of dividends to stockholders (10.7)us-gaap_PaymentsOfDividendsCommonStock (10.3)us-gaap_PaymentsOfDividendsCommonStock
Payment of minimum tax withholdings on stock compensation (5.7)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (9.2)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Conversion of convertible senior subordinated notes 0us-gaap_RepaymentsOfConvertibleDebt (49.6)us-gaap_RepaymentsOfConvertibleDebt
Net cash provided by (used in) financing activities 366.9us-gaap_NetCashProvidedByUsedInFinancingActivities (252.2)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effects of exchange rate changes on cash and cash equivalents (38.0)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 9.8us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Decrease in cash and cash equivalents (24.8)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (853.3)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 363.7us-gaap_CashAndCashEquivalentsAtCarryingValue 1,047.2us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period $ 338.9us-gaap_CashAndCashEquivalentsAtCarryingValue $ 193.9us-gaap_CashAndCashEquivalentsAtCarryingValue