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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net earnings available to common stockholders $ 149.1 $ 255.9 $ 244.3
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 189.5 154.7 154.5
Share-based incentive compensation 25.0 30.6 38.8
Costs related to the acquisition of Diversey 64.8    
Amortization of senior debt related items and other 4.9 1.7 1.0
Loss on debt redemption   38.5 3.4
Provisions for bad debt 8.6 6.4 6.8
Provisions for inventory obsolescence 9.2 2.1 6.6
Deferred taxes, net (55.6) (3.3) (16.6)
Excess tax benefit from share-based incentive compensation (2.6)    
Net loss on sales of small product lines     0.2
Net gain on disposals of property and equipment and other (6.3) (0.8) (3.0)
(Net gains on sale) other-than-temporary impairment of available-for-sale securities   (5.9) 4.0
Changes in operating assets and liabilities, net of effects of businesses acquired:      
Changes in restricted cash (6.3)    
Receivables, net (116.0) (33.9) 115.2
Accounts receivable securitization program     (80.0)
Inventories (9.0) (19.4) 109.7
Other assets, net 47.1 16.3 9.6
Accounts payable (14.4) 19.0 (68.4)
Other liabilities 104.1 21.2 25.9
Net cash provided by operating activities 392.1 483.1 552.0
Cash flows from investing activities:      
Capital expenditures for property and equipment (124.5) (87.6) (80.3)
Acquisition of Diversey, net of cash and cash equivalents acquired (1,983.1)    
Investment in Diversey, preferred stock (262.9)    
Other businesses acquired in purchase transactions, net of cash and cash equivalents acquired and equity investment in 2011 and 2010 (12.0) (24.1)  
Proceeds from sale of available-for-sale securities   12.6  
Proceeds from sales of property and equipment 10.4 4.2 7.2
Other investing activities 1.7 (2.0) 2.8
Net cash used in investing activities (2,370.4) (96.9) (70.3)
Cash flows from financing activities:      
Changes in restricted cash 262.9    
Payments of long-term debt (1,753.6) (276.1) (585.3)
Proceeds from long-term debt 3,706.4   766.6
Dividends paid on common stock (87.4) (79.7) (75.7)
Acquisition of common stock for tax withholding obligations under our 2005 contingent stock plan (12.2)    
Net payments of short-term borrowings (43.9) (4.4) (8.3)
Payments of debt issuance costs (51.2)   (7.0)
Repurchases of common stock   (9.8)  
Excess tax benefits from share-base incentive compensation 2.6    
Other financing activities   (3.0)  
Net cash (used in) provided by financing activities 2,023.6 (373.0) 90.3
Effect of foreign currency exchange rate changes on cash and cash equivalents 1.9 (32.1) (6.4)
Cash and cash equivalents:      
Balance, beginning of period 675.6 694.5 128.9
Net change during the period 47.2 (18.9) 565.6
Balance, end of period 722.8 675.6 694.5
Supplemental Cash Flow Information:      
Interest payments, net of amounts capitalized 135.3 128.7 100.9
Income tax payments 129.8 86.6 114.3
Non-cash items associated with the acquisition of Diversey      
31.7 million shares of Sealed Air common stock issued in connection with the Diversey acquisition 512.9    
Fair value of Diversey preferred stock investment 262.9    
Fair value-based measure of the portion of the SARs attribute to pre-acquisition service 50.8    
Other non-cash items:      
Transfers of shares of our common stock from Treasury as part of our 2009 and 2008 profit sharing plan contributions   7.2 5.9
Net unrealized (losses) gains on available-for-sale securities   $ (7.0) $ 7.0