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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES      
Net income $ 778.8 $ 741.1 $ 1,337.9
Adjustments to reconcile net earnings to net cash provided from operating activities:      
Depreciation, amortization and depletion 647.1 510.7 445.0
Equity earnings of affiliate, net of dividends received (11.3) (9.4) (9.6)
(Gain) on foreign currency transaction effect (8.9) (2.2) (54.0)
(Benefit) provision for deferred income taxes (117.0) (153.2) (233.8)
Other, net 28.2 2.6 2.0
Change in operating assets and liabilities:      
(Increase) decrease in accounts receivable (143.3) 91.6 (7.0)
(Increase) decrease in inventories (207.9) (260.3) (260.1)
Increase (decrease) in accounts payable and accrued liabilities 30.5 (28.9) 109.6
(Increase) decrease in other operating assets and liabilities (73.1) (12.2) 25.9
Net cash provided by operating activities 923.1 879.8 1,355.9
INVESTING ACTIVITIES      
Capital expenditures (1,118.5) (1,149.6) (1,529.8)
Payments to acquire business, net of cash acquired   (100.4)  
Purchase of short-term investments (129.8) (956.9) (436.6)
Proceeds on sale of short-term investment 681.9 692.1 306.3
Loan repaid by related parties 111.2 50.0  
Other, net 3.2 3.8 4.9
Net cash used in investing activities (452.0) (1,461.0) (1,655.2)
FINANCING ACTIVITIES      
Proceeds from issuance of debt   2,045.8  
Repayments of debt   (266.0)  
Payments of debt issuance cost   (11.8)  
Repurchase of common shares (71.7) (1,004.4) (682.7)
Cash dividends paid to common stockholders (139.3) (271.2) (381.0)
Distributions to non-controlling interest   (0.5) (1.0)
Other, net 0.3 0.3 0.2
Net cash (used in) provided by financing activities (210.7) 492.2 (1,064.5)
Effect of exchange rate changes on cash and cash equivalents 11.1 (0.5) 55.1
Increase (decrease) in cash and cash equivalents 271.5 (89.5) (1,308.7)
Cash and cash equivalents, at beginning of year 274.5 364.0 1,672.7
Cash and cash equivalents, at end of year 546.0 274.5 364.0
Cash paid during the year for:      
Interest 356.7 315.8 262.0
Income taxes 571.8 737.7 848.3
Workers' participation 121.6 192.5 202.4
Supplemental schedule of non-cash operating, investing and financing activities:      
Decrease (increase) in pension and other post-retirement benefits (3.5) (3.7) (1.4)
Capital expenditures incurred but not yet paid $ 99.4 51.0 $ 33.8
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