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Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jul. 02, 2011
Operating Activities    
Net income $ 511.1 $ 775.6
Loss (income) from discontinued operations 11.3 (5.7)
Loss (gain) on disposal of discontinued operations 50.8 (305.3)
Income from continuing operations 573.2 464.6
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 484.1 385.2
Change in deferred income taxes (115.2) (78.6)
Non-cash stock-based compensation 37.5 41.9
Non-cash charges for sale of inventories revalued at the date of acquisition 37.9 16.6
Tax benefits from stock-based compensation awards (8.2) (15.4)
Other non-cash expenses, net 19.9 24.7
Changes in assets and liabilities, excluding the effects of acquisitions and dispositions:    
Accounts receivable (11.4) (67.9)
Inventories (103.3) (62.4)
Other assets (61.5) (8.7)
Accounts payable 47.9 57.4
Other liabilities 19.4 (63.8)
Contributions to retirement plans (11.6) (12.8)
Net cash provided by continuing operations 908.7 680.8
Net cash (used in) provided by discontinued operations (9.2) 12.5
Net cash provided by operating activities 899.5 693.3
Investing Activities    
Acquisitions, net of cash acquired (178.7) (2,091.3)
Purchase of property, plant and equipment (134.7) (117.4)
Proceeds from sale of property, plant and equipment 7.7 3.2
Proceeds from sale of businesses, net of cash divested   13.8
Other investing activities, net 1.0 (2.9)
Net cash used in continuing operations (304.7) (2,194.6)
Net cash provided by discontinued operations 0 828.7
Net cash used in investing activities (304.7) (1,365.9)
Financing Activities    
Net proceeds from issuance of long-term debt 0.2 2,174.4
Decrease in commercial paper, net (499.5) 0
Settlement of convertible debt 0 (452.0)
Redemption and repayment of long-term obligations (1.5) (0.5)
Purchases of company common stock (400.0) (762.5)
Dividends paid (47.7)  
Net proceeds from issuance of company common stock 63.8 141.8
Tax benefits from stock-based compensation awards 8.2 15.4
Increase in short-term notes payable 15.2 9.2
Other financing activities, net (7.7)  
Net cash (used in) provided by financing activities (869.0) 1,125.8
Exchange Rate Effect on Cash (9.8) (14.2)
(Decrease) Increase in Cash and Cash Equivalents (284.0) 439.0
Cash and Cash Equivalents at Beginning of Period 1,016.3 917.1
Cash and Cash Equivalents at End of Period $ 732.3 $ 1,356.1