XML 44 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facilities $ 0 $ 255.0
Payments on zero-coupon subordinated notes (15.9) (21.3)
Payments on long-term debt 0 (350.0)
Noncontrolling interest distributions (0.6) (0.4)
Deferred payments on acquisitions (3.5) 0
Repayments of Long-term Capital Lease Obligations (0.2) 0
Excess tax benefits from stock based compensation 2.2 7.9
Net proceeds from issuance of stock to employees 58.9 131.1
Purchase of common stock (164.2) (479.2)
Payments on revolving credit facilities 0 (30.0)
Net cash provided by (used for) financing activities (123.4) (486.9)
Payments of Debt Issuance Costs 0.1 0
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings 255.2 300.0
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 123.5 112.4
Stock compensation 23.6 22.1
Loss on sale of assets (16.2) 0.7
Accrued interest on zero-coupon subordinated notes 1.1 1.2
Cumulative earnings in excess of distributions from equity method investments (3.2) (3.7)
Deferred income taxes (1.1) 28.3
Change in assets and liabilities (net of effects of acquisitions):    
Increase in accounts receivable (net) (48.0) (99.7)
Increase in inventories 3.4 (5.7)
Decrease in prepaid expenses and other 24.3 (0.9)
Decrease in accounts payable (25.7) 16.9
Increase (decrease) in accrued expenses and other 12.8 (35.8)
Net cash provided by operating activities 349.7 335.8
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (104.6) (90.5)
Proceeds from sale of assets 0.3 0.4
Payments for (Proceeds from) Investments 31.3 0
Investments in equity affiliates (8.5) (3.3)
Acquisition of businesses, net of cash acquired (65.7) (106.2)
Net cash used for investing activities (147.2) (199.6)
Effect of exchange rate changes on cash and cash equivalents (3.6) (4.8)
Net increase (decrease) in cash and cash equivalents 75.5 (355.5)
Cash and cash equivalents at beginning of period 404.0 404.0
Cash and cash equivalents at end of period $ 479.5