|
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| Cash Flows from Operating Activities |
|
|
| Net earnings including noncontrolling interest |
$ 294.6 |
$ 217.7 |
| Depreciation, depletion and amortization |
182.8 |
174.3 |
| Deferred income taxes |
(31.5) |
(58.9) |
| Equity in net loss of nonconsolidated companies, net of dividends |
1.4 |
3.3 |
| Accretion expense for asset retirement obligations |
7.8 |
10.5 |
| Share-based compensation expense |
4.6 |
34.9 |
| Change in value of share repurchase agreement |
0 |
60.0 |
| Unrealized (gain) loss on derivatives |
45.4 |
7.9 |
| Other |
4.1 |
4.0 |
| Changes in assets and liabilities, excluding effects of acquisition: |
|
|
| Receivables, net |
8.0 |
(84.9) |
| Inventories |
108.5 |
(27.3) |
| Other current and noncurrent assets |
(36.5) |
151.4 |
| Accounts payable |
2.0 |
86.8 |
| Accrued liabilities and income taxes |
82.0 |
77.2 |
| Other noncurrent liabilities |
(17.7) |
(29.9) |
| Net cash provided by operating activities |
655.5 |
627.0 |
| Cash Flows from Investing Activities |
|
|
| Capital expenditures |
(229.5) |
(274.9) |
| Acquisition of business |
0 |
(1,353.6) |
| Proceeds from adjustment to acquisition of business |
47.9 |
0 |
| Investments in nonconsolidated companies |
(3.0) |
(5.8) |
| Other |
1.7 |
0 |
| Net cash used in investing activities |
(182.9) |
(1,634.3) |
| Cash Flows from Financing Activities |
|
|
| Payments of short-term debt |
(32.7) |
(58.4) |
| Proceeds from issuance of short-term debt |
29.4 |
65.9 |
| Payments of long-term debt |
(0.6) |
(0.3) |
| Proceeds from issuance of long-term debt |
0 |
0.2 |
| Proceeds from stock option exercises |
2.9 |
0.2 |
| Repurchases of stock |
(134.4) |
(1,677.9) |
| Cash dividends paid |
(91.4) |
(99.7) |
| Other |
(0.2) |
(0.3) |
| Net cash used in financing activities |
(227.0) |
(1,770.3) |
| Effect of exchange rate changes on cash |
(102.8) |
(24.8) |
| Net change in cash and cash equivalents |
142.8 |
(2,802.4) |
| Cash and cash equivalents - beginning of period |
2,374.6 |
5,293.1 |
| Cash and cash equivalents - end of period |
2,517.4 |
2,490.7 |
| Supplemental Disclosure of Cash Flow Information: |
|
|
| Interest (net of amount capitalized) |
4.4 |
0 |
| Income taxes (net of refunds) |
$ 46.4 |
$ 24.3 |