Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities      
Net earnings (loss) from continuing operations $ 147.4 $ 90.6 $ (64.0)
Depreciation and amortization 90.0 99.4 123.9
Pension (funding), net of expense (44.3) (47.4) 1.7
(Gains) losses on sale of property, plant and equipment, net (2.9) (12.4) 1.3
Other long-lived asset impairment charges 11.3 0.5 19.4
Provision for doubtful accounts 0.9 (3.2) 3.1
Deferred income taxes 8.3 (0.7) 5.6
Equity in losses of unconsolidated affiliates, net of dividends 4.1 5.1 5.4
Loss on early extinguishment of debt 16.3 19.8 5.7
Changes in certain current assets and current liabilities      
Change in accounts and notes receivable (19.6) (2.0) (4.8)
Change in inventory (73.1) (32.1) (65.3)
Change in prepaid expense and other 1.0 (1.2) 5.9
Change in accounts payable 57.8 0.9 17.8
Change in accrued expenses (44.8) (11.0) 14.4
Income taxes 2.4 4.2 112.8
Other, net 28.8 24.7 12.7
Net cash provided by operating activities of continuing operations 183.6 135.2 195.6
Net cash (used for) provided by operating activities of discontinued operations (22.9) (46.1) 9.8
Net cash provided by operating activities 160.7 89.1 205.4
Cash flows from investing activities      
Capital expenditures (115.2) (87.1) (53.6)
Purchases of marketable securities (205.9) (264.4) (105.8)
Sales or maturities of marketable securities 227.7 196.9 0
Reduction in (transfer to) restricted cash 7.0 (20.0) 0
Investments 1.7 (0.9) (7.2)
Proceeds from the sale of property, plant and equipment 18.8 30.5 6.7
Other, net 3.0 13.2 8.3
Net cash used for investing activities of continuing operations (62.9) (131.8) (151.6)
Net cash used for investing activities of discontinued operations (3.2) (2.6) (3.6)
Net cash used for investing activities (66.1) (134.4) (155.2)
Cash flows from financing activities      
Net issuances (payments) of short-term debt 0.8 0.5 (8.6)
Net proceeds from issuance of long-term debt 0 0 30.1
Payments of long-term debt including current maturities (131.8) (146.0) (38.2)
Net premium paid on early extinguishment of debt (14.7) (17.3) (5.6)
Cash dividends paid (4.5) (4.5) (4.4)
Net proceeds from stock compensation activity, including excess tax benefits 1.7 4.0 1.3
Other, net 0 (4.6) 0
Net cash used for financing activities of continuing operations (148.5) (167.9) (25.4)
Net cash used for financing activities of discontinued operations 0 0 0
Net cash used for financing activities (148.5) (167.9) (25.4)
Net increase (decrease) in cash and cash equivalents (53.9) (213.2) 24.8
Cash and cash equivalents at beginning of period 338.2 551.4 526.6
Cash and cash equivalents at end of period 284.3 338.2 551.4
Supplemental cash flow disclosures:      
Interest paid 90.8 106.7 102.0
Income taxes paid (received), net $ 17.6 $ 16.6 $ (92.5)