XML 25 R7.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 264.0 $ 404.2 $ 592.3
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 217.4 239.4 211.6
Deferred debt issuance cost amortization 2.0 2.7 3.5
Amortization of intangibles 42.7 41.0 47.8
Amortization of debt discount 0.0 0.0 9.2
Stock compensation expense (credit) 12.2 (10.8) 34.6
Equity in net earnings of affiliates, net of cash received (19.0) (25.4) (19.0)
Deferred income tax (benefit) provision (26.8) 3.6 21.7
Other (0.1) 2.5 0.3
Changes in operating assets and liabilities, net of effects from purchase of businesses:      
Accounts and notes receivable, net 3.8 (103.9) (36.2)
Inventories, net 117.6 111.4 (356.9)
Other current and noncurrent assets (49.3) 29.1 7.0
Accounts payable 37.3 (219.4) 54.7
Accrued expenses (34.8) (71.2) 123.4
Other current and noncurrent liabilities (42.8) 35.2 103.0
Total adjustments 260.2 34.2 204.7
Net cash provided by operating activities 524.2 438.4 797.0
Cash flows from investing activities:      
Purchases of property, plant and equipment (211.4) (301.5) (391.8)
Proceeds from sale of property, plant and equipment 1.5 2.8 2.6
Purchase of businesses, net of cash acquired (25.4) (130.3) (9.5)
Investments in unconsolidated affiliates (3.8) (3.9) (10.0)
Restricted cash and other (1.7) 0.0 0.0
Net cash used in investing activities (240.8) (432.9) (408.7)
Cash flows from financing activities:      
Proceeds from debt obligations 1,951.9 1,689.4 1,135.9
Repayments of debt obligations (1,769.5) (1,588.8) (1,194.0)
Purchases and retirement of common stock (287.5) (499.7) (1.0)
Repurchase or conversion of convertible senior subordinated notes 0.0 (201.2) 0.0
Payment of dividends to stockholders (42.0) (40.8) (38.9)
Payment of minimum tax withholdings on stock compensation (6.3) (13.2) (17.0)
Payment of debt issuance costs (0.7) (1.4) (0.1)
Excess tax benefit related to stock compensation 0.7 0.0 11.4
Purchase of or distribution to noncontrolling interests 0.0 (6.1) (3.1)
Other 0.0 (0.2) 0.0
Net cash used in financing activities (153.4) (662.0) (106.8)
Effects of exchange rate changes on cash and cash equivalents (67.0) (27.0) (15.6)
Increase (decrease) in cash and cash equivalents 63.0 (683.5) 265.9
Cash and cash equivalents, beginning of year 363.7 1,047.2 781.3
Cash and cash equivalents, end of year $ 426.7 $ 363.7 $ 1,047.2