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Statements of Consolidated Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
OPERATING ACTIVITIES      
Net income $ 752,561 $ 631,034 $ 441,860
Adjustments to reconcile net income to net operating cash:      
Depreciation 158,763 152,217 151,212
Amortization of intangible assets 29,031 26,985 29,692
Impairment of trademarks and goodwill   4,086 5,492
Provisions for environmental-related matters (2,751) 6,736 9,100
Provisions for qualified exit costs 4,682 2,734 534
Deferred income taxes 27,775 (10,422) 16,913
Defined benefit pension plans net cost 20,641 20,309 12,326
Income tax effect of ESOP on other capital     (3,211)
Stock-based compensation expense 58,004 54,348 48,176
Net increase in postretirement liability 5,233 3,666 6,793
Decrease in non-traded investments 57,261 72,861 62,540
Loss (gain) on disposition of assets 5,207 3,454 (5,469)
Other (27,214) (18,349) 3,137
Change in working capital accounts:      
(Increase) in accounts receivable (41,473) (33,578) (93,697)
Decrease (increase) in inventories 25,031 19,929 (19,222)
Increase (decrease) in accounts payable 34,685 (51,124) 64,053
Increase (decrease) in accrued taxes 11,314 (70,264) 5,435
Increase (decrease) in accrued compensation and taxes withheld 24,435 63,697 (538)
Increase (decrease) in refundable income taxes 13,244 (32,967) (572)
DOL settlement accrual (80,000) 80,000  
Other 43,804 11,000 36,249
Costs incurred for environmental-related matters (12,539) (31,689) (30,451)
Costs incurred for qualified exit costs (7,419) (4,577) (6,181)
Other (16,509) (12,200) 1,641
Net operating cash 1,083,766 887,886 735,812
INVESTING ACTIVITIES      
Capital expenditures (166,680) (157,112) (153,801)
Acquisitions of businesses, net of cash acquired (79,940) (99,242) (44,436)
Proceeds from sale of assets 3,045 9,677 12,842
Increase in other investments (94,739) (95,778) (92,374)
Net investing cash (338,314) (342,455) (277,769)
FINANCING ACTIVITIES      
Net increase (decrease) in short-term borrowings 31,634 (284,839) (43,346)
Proceeds from long-term debt 473 999,697 40,777
Payments of long-term debt (10,932) (14,000) (49,881)
Payments of cash dividends (204,978) (160,939) (153,512)
Proceeds from stock options exercised 69,761 221,126 69,536
Income tax effect of stock-based compensation exercises and vesting 47,527 104,858 12,958
Treasury stock purchased (769,271) (557,766) (367,372)
Other (17,522) (21,559) 15,631
Net financing cash (853,308) 286,578 (475,209)
Effect of exchange rate changes on cash (9,845) (2,115) (8,723)
Net (decrease) increase in cash and cash equivalents (117,701) 829,894 (25,889)
Cash and cash equivalents at beginning of year 862,590 32,696 58,585
Cash and cash equivalents at end of year 744,889 862,590 32,696
Taxes paid on income 200,748 223,329 196,147
Interest paid on debt $ 61,045 $ 41,551 $ 42,897