XML 45 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facilities $ 0 $ 30.0
Payments on zero-coupon subordinated notes (6.9) (12.9)
Payments on long-term debt 0 (350.0)
Noncontrolling interest distributions (0.3) (0.3)
Deferred payments on acquisitions (0.1) 0
Tax Benefit Realized Upon Conversion Of Zero Coupon Convertible Debt 0 3.1
Excess tax benefits from stock based compensation 0.6 2.4
Net proceeds from issuance of stock to employees 16.4 28.8
Purchase of common stock (107.7) (113.9)
Net cash provided by (used for) financing activities (98.0) (412.8)
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings 113.5 147.6
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 60.7 55.5
Stock compensation 11.7 11.3
Loss on sale of assets (7.1) 0.2
Accrued interest on zero-coupon subordinated notes 0.5 0.6
Cumulative earnings in excess of distributions from equity method investments (1.3) (0.6)
Deferred income taxes 10.1 10.3
Change in assets and liabilities (net of effects of acquisitions):    
Increase in accounts receivable (net) (39.2) (75.8)
Increase in inventories 2.9 (3.2)
Decrease in prepaid expenses and other 12.2 7.0
Decrease in accounts payable (27.1) 10.1
Increase (decrease) in accrued expenses and other 5.4 35.2
Net cash provided by operating activities 142.3 198.2
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (56.5) (41.7)
Proceeds from sale of assets 0.2 0.2
Payments for (Proceeds from) Investments 15.0 0
Investments in equity affiliates (1.1) (2.3)
Acquisition of businesses, net of cash acquired (65.7) (17.7)
Net cash used for investing activities (108.1) (61.5)
Effect of exchange rate changes on cash and cash equivalents (1.3) (4.9)
Net increase (decrease) in cash and cash equivalents (65.1) (281.0)
Cash and cash equivalents at beginning of period 404.0 404.0
Cash and cash equivalents at end of period $ 338.9