XML 19 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING ACTIVITIES    
Net income $ 471.9 $ 315.3
Adjustments to reconcile net income to net cash provided from operating activities:    
Depreciation, amortization and depletion 162.0 153.4
Equity earnings of affiliate, net of dividends received (0.3) (2.8)
Loss on foreign currency transaction effect 26.4 31.1
Benefit from deferred income taxes (23.9) (16.8)
Other, net (1.2) 6.5
Change in operating assets and liabilities:    
Decrease (increase) in accounts receivable 16.7 (77.7)
(Increase) in inventories (59.4) (10.7)
Increase in accounts payable and accrued liabilities 83.4 71.7
(Decrease) increase in other operating assets and liabilities (25.8) 20.1
Net cash provided by operating activities 649.8 490.1
INVESTING ACTIVITIES    
Capital investments (295.7) (245.6)
(Purchase of) proceeds from short-term investments, net (6.0) (1.4)
Proceeds from sale of property 0.3 0.4
Net cash used in investing activities (301.4) (246.6)
FINANCING ACTIVITIES    
Cash dividends paid to common stockholders (231.9) (61.8)
Other (0.9)  
Net cash used in financing activities (232.8) (61.8)
Effect of exchange rate changes on cash and cash equivalents (52.2) (29.0)
Net increase in cash and cash equivalents 63.4 152.7
Cash and cash equivalents at beginning of period 1,004.8 546.0
Cash and cash equivalents at end of period $ 1,068.2 $ 698.7