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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
OPERATING ACTIVITIES      
Net income $ 741.1 $ 1,337.9 $ 1,624.2
Adjustments to reconcile net earnings to net cash provided from operating activities:      
Depreciation, amortization and depletion 510.7 445.0 396.0
Equity earnings of affiliate, net of dividends received (9.4) (9.6) (10.1)
(Gain) loss on foreign currency transaction effect (2.2) (54.0) 13.1
(Benefit) provision for deferred income taxes (153.2) (233.8) (97.2)
Other, net 2.6 2.0 1.9
Change in operating assets and liabilities:      
Decrease (increase) in accounts receivable 91.6 (7.0) 136.1
Decrease (increase) in inventories (260.3) (260.1) (143.6)
(Decrease) increase in accounts payable and accrued liabilities (28.9) 109.6 (63.6)
Decrease (increase) in other operating assets and liabilities (12.2) 25.9 2.3
Net cash provided by operating activities 879.8 1,355.9 1,859.1
INVESTING ACTIVITIES      
Capital expenditures (1,149.6) (1,529.8) (1,703.3)
Payment to acquire business, net of cash acquired (100.4)    
Purchase of short-term investments (956.9) (436.6) (346.7)
Proceeds on sale of short-term investment 692.1 306.3 272.7
Loan repaid by (granted to) related parties 50.0   22.7
Other, net 3.8 4.9 9.7
Net cash used in investing activities (1,461.0) (1,655.2) (1,744.9)
FINANCING ACTIVITIES      
Proceeds from issuance of debt 2,045.8    
Repayments of debt (266.0)   (10.0)
Payments of debt issuance cost (11.8)    
Repurchase of common shares (1,004.4) (682.7) (281.4)
Cash dividends paid to common stockholders (271.2) (381.0) (573.8)
Distributions to non-controlling interest (0.5) (1.0) (1.4)
Other, net 0.3 0.2 (0.6)
Net cash (used in) provided by financing activities 492.2 (1,064.5) (867.2)
Effect of exchange rate changes on cash and cash equivalents (0.5) 55.1 (33.8)
(Decrease) increase in cash and cash equivalents (89.5) (1,308.7) (786.8)
Cash and cash equivalents, at beginning of year 364.0 1,672.7 2,459.5
Cash and cash equivalents, at end of year 274.5 364.0 1,672.7
Cash paid during the year for:      
Interest 315.8 262.0 262.5
Income taxes 737.7 848.3 819.9
Workers' participation 192.5 202.4 276.4
Supplemental schedule of non-cash operating, investing and financing activities:      
Decrease (increase) in pension and other post-retirement benefits (3.7) (1.4) 2.2
Capital expenditures incurred but not yet paid 51.0 $ 33.8 $ 28.8
Fair value of assets acquired 128.3    
Cash paid for the capital stock (100.0)    
Liabilities assumed 28.3    
Stingray      
Supplemental schedule of non-cash operating, investing and financing activities:      
Purchase consideration $ 100.0