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Consolidated Statement of Cash Flows (USD $)
In Millions
12 Months Ended
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Operating Activities      
Net Income $ 1,035.6 $ 850.3 $ 980.9
Income from discontinued operations (36.1) (28.1) (21.4)
Loss (gain) on disposal of discontinued operations (2.5) 1.0 (5.5)
Income from continuing operations 997.0 823.2 954.0
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:      
Depreciation and amortization 746.0 762.9 768.4
Change in deferred income taxes (267.6) (243.0) (122.2)
Non-cash stock-based compensation 81.8 67.0 56.4
Non-cash interest expense on convertible debt 9.1 22.5 21.6
Non-cash charges for sale of inventories revalued at the date of acquisition 11.4 3.7 1.0
Tax benefits from stock-based compensation awards (12.8) (2.6) (25.4)
Other non-cash expenses, net 63.7 63.8 48.6
Changes in assets and liabilities, excluding the effects of acquisitions and dispositions:      
Accounts receivable (80.0) 124.7 (49.9)
Inventories (27.7) 108.4 (49.1)
Other assets (80.9) (17.4) (40.9)
Accounts payable 2.5 (45.2) (123.1)
Other liabilities 34.3 (14.4) (30.4)
Contributions to retirement plans (24.4) (41.1) (20.7)
Net cash provided by continuing operations 1,452.4 1,612.5 1,388.3
Net cash provided by discontinued operations 45.4 46.7 31.9
Net cash provided by operating activities 1,497.8 1,659.2 1,420.2
Investing Activities      
Acquisitions, net of cash acquired (606.2) (637.3) (201.5)
Purchase of property, plant and equipment (257.8) (200.0) (251.4)
Proceeds from sale of property, plant and equipment 10.2 13.4 15.4
Proceeds from sale of businesses, net of cash divested 0 4.4 3.5
Other investing activities, net (1.5) (2.5) (10.9)
Net cash used in continuing operations (855.3) (822.0) (444.9)
Net cash used in discontinued operations (3.6) (7.5) (5.1)
Net cash used in investing activities (858.9) (829.5) (450.0)
Financing Activities      
Net proceeds from issuance of long-term debt 741.4 748.2 0
Settlement of convertible debt (600.8) (615.5) (4.7)
Redemption and repayment of long-term obligations (505.4) (311.5) (131.4)
Purchases of company common stock (1,012.5) (414.6) (187.4)
Net proceeds from issuance of company common stock 77.3 54.4 85.1
Tax benefits from stock-based compensation awards 12.8 2.6 25.4
Decrease in short-term notes payable (7.9) (21.1) (15.4)
Net cash used in financing activities (1,295.1) (557.5) (228.4)
Exchange Rate Effect on Cash 9.2 11.4 (86.4)
Increase (Decrease) in Cash and Cash Equivalents (647.0) 283.6 655.4
Cash and Cash Equivalents at Beginning of Year 1,564.1 1,280.5 625.1
Cash and Cash Equivalents at End of Year $ 917.1 $ 1,564.1 $ 1,280.5