XML 73 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income $ 592.3 $ 516.4 $ 585.3
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 211.6 180.6 151.9
Deferred debt issuance cost amortization 3.5 3.5 2.9
Impairment charge 0 22.4 0
Amortization of intangibles 47.8 49.3 21.6
Amortization of debt discount 9.2 8.7 8.2
Stock compensation 34.6 36.8 24.4
Equity in net earnings of affiliates, net of cash received (19.0) (25.7) (19.0)
Deferred income tax provision (benefit) 21.7 (36.4) (127.6)
Other 0.3 0.6 (1.3)
Changes in operating assets and liabilities, net of effects from purchase of businesses:      
Accounts and notes receivable, net (36.2) 40.6 5.4
Inventories, net (356.9) (160.9) (221.0)
Other current and noncurrent assets 7.0 (71.8) (16.5)
Accounts payable 54.7 (61.7) 162.3
Accrued expenses 123.4 154.5 183.5
Other current and noncurrent liabilities 103.0 9.5 (34.2)
Total adjustments 204.7 150.0 140.6
Net cash provided by operating activities 797.0 666.4 725.9
Cash flows from investing activities:      
Purchases of property, plant and equipment (391.8) (340.5) (300.4)
Proceeds from sale of property, plant and equipment 2.6 0.9 1.5
Purchase of businesses, net of cash acquired (9.5) (2.9) (1,018.0)
Investments in consolidated affiliates, net of cash acquired 0 (20.1) (34.8)
(Sale of) investments in unconsolidated affiliates, net (10.0) (15.8) (8.3)
Restricted cash and other 0 3.7 (3.7)
Net cash used in investing activities (408.7) (374.7) (1,363.7)
Cash flows from financing activities:      
Conversion of convertible senior subordinated notes 0 0 (161.0)
Proceeds from debt obligations 1,135.9 926.3 1,676.9
Repayments of debt obligations (1,194.0) (1,148.8) (826.4)
Purchases and retirement of common stock (1.0) (17.6) 0
Proceeds from issuance of common stock 0 0 0.3
Payment of minimum tax withholdings on stock compensation (17.0) (0.3) (2.5)
Excess tax benefit related to stock compensation 11.4 0 0
Payment of debt issuance costs (0.1) (0.2) (14.8)
(Distribution to) investments by noncontrolling interests, net (3.1) (1.0) (1.5)
Payment of dividends to stockholders (38.9) 0 0
Net cash (used in) provided by financing activities (106.8) (241.6) 671.0
Effects of exchange rate changes on cash and cash equivalents (15.6) 6.8 (28.7)
Increase in cash and cash equivalents 265.9 56.9 4.5
Cash and cash equivalents, beginning of period 781.3 724.4 719.9
Cash and cash equivalents, end of period $ 1,047.2 $ 781.3 $ 724.4