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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
OPERATING ACTIVITIES        
Net income $ 198.2 $ 99.4 $ 606.5 $ 679.1
Adjustments to reconcile net earnings to net cash provided from operating activities:        
Depreciation, amortization and depletion 174.5 131.6 474.3 373.8
Equity earnings of affiliate, net of dividends received (5.3) (2.0) (7.5) (4.2)
Loss (gain) on currency transaction effect 1.6 4.7 (6.5) (14.5)
(Benefit) provision for deferred income taxes (77.1) 1.6 (130.9) (63.3)
Other, net 7.6 0.7 21.4 2.0
Change in operating assets and liabilities:        
(Increase) decrease in accounts receivable (86.5) 61.2 (115.0) 120.3
(Increase) in inventories (3.4) (74.1) (149.7) (182.0)
Increase (decrease) in accounts payable and accrued liabilities 153.1 49.7 53.6 (99.6)
(Increase) decrease in other operating assets and liabilities (55.6) (10.9) (110.3) 5.5
Net cash provided by operating activities 307.1 261.9 635.9 817.1
INVESTING ACTIVITIES        
Capital investments (275.6) (316.2) (840.5) (845.9)
Payments to acquire business, net of cash acquired   (100.4)   (100.4)
Proceeds from sale (purchase) of short-term investments, net (2.6) (308.8) 502.7 (543.6)
Loan repaid by related parties 74.8   111.2  
Sale of property 1.3 0.2 2.6 3.2
Net cash used in investing activities (202.1) (725.2) (224.0) (1,486.7)
FINANCING ACTIVITIES        
Proceeds from issuance of debt       2,045.8
Repayments of debt   (200.0)   (266.0)
Payments of debt issuance costs   (2.0)   (11.7)
Cash dividends paid to common stockholders (38.7) (79.5) (100.6) (239.8)
Distributions to non-controlling interest   (0.1)   (0.5)
Repurchase of common shares (18.0) (309.8) (71.7) (724.4)
Other     0.3 0.3
Net cash (used in) provided by financing activities (56.7) (591.4) (172.0) 803.7
Effect of exchange rate changes on cash and cash equivalents 10.7 (13.1) (2.9) 6.4
Increase (decrease) in cash and cash equivalents 59.0 (1,067.8) 237.0 140.5
Cash and cash equivalents, at beginning of period 452.5 1,572.3 274.5 364.0
Cash and cash equivalents, at end of period $ 511.5 $ 504.5 $ 511.5 $ 504.5