| Operating activities: |
|
|
|
|
|
| Net income from continuing operations attributable to common shareholders |
|
|
|
|
|
| Asbestos provision, net |
|
|
|
|
|
| Environmental provision, net |
|
|
|
|
|
| Loss on deconsolidation of joint venture |
|
|
|
|
|
| Realized gain on marketable securities |
|
|
|
|
|
| Net income before allocations to noncontrolling interests |
|
|
|
|
|
| Non-cash loss on divestiture of asbestos-related assets and liabilities |
|
|
|
|
|
| Gain on sale of business |
|
|
|
|
|
| Net income before allocation to noncontrolling interest |
|
|
|
|
|
| Adjustments to reconcile net income to net cash flows provided by operating activities: |
|
|
|
|
|
| Non-cash restructuring gains |
|
|
|
|
|
| Loss (income) from equity investments |
|
|
|
|
|
|
Depreciation and amortization
|
|
|
|
|
|
|
Stock-based compensation expense
|
|
|
|
|
|
| (Gain) loss on forward contracts |
|
|
|
|
|
| Defined benefit plans and postretirement credit |
|
|
|
|
|
| Deferred income taxes |
|
|
|
|
|
| After Adjustment |
|
|
|
|
|
|
Total deferred income taxes
|
|
|
|
|
|
|
|
|
|
Cash used for operating working capital
|
|
|
|
|
|
| Defined benefit plans and postretirement contributions |
|
|
|
|
|
| Environmental payments, net of reimbursements |
|
|
|
|
|
| Asbestos related payments, net of insurance recoveries |
|
|
|
|
|
| Divestiture of asbestos-related assets and liabilities |
|
|
|
|
|
|
|
|
| Supplemental disclosure of cash flow information: |
|
|
|
|
|
| Interest paid |
|
|
|
|
|
| Income taxes paid, net |
|
|
|
|
|
| Unpaid capital expenditures |
|
|
|
|
|
| Non-cash investing activities |
|
|
|
|
|
|
Other
|
|
|
|
|
|
| Total provided by operating activities from continuing operations |
|
|
|
|
|
|
Total provided by operating activities
|
|
|
|
|
|
|
|
|
| Investing activities: |
|
|
|
|
|
| Proceeds from disposition of property |
|
|
|
|
|
| Proceeds from sale of business |
|
|
|
|
|
| Purchase of marketable securities |
|
|
|
|
|
| Proceeds from sale of marketable securities |
|
|
|
|
|
| Impact of deconsolidation of joint venture |
|
|
|
|
|
| Total provided by (used for) investing activities from continuing operations |
|
|
|
|
|
|
Payment for acquisitions, net of cash acquired
|
|
|
|
|
|
| Purchase of investments |
|
|
|
|
|
|
Capital expenditures
|
|
|
|
|
|
| Settlement of forward contracts |
|
|
|
|
|
| Payments for (Proceeds from) Productive Assets |
|
|
|
|
|
|
Total used for investing activities
|
|
|
|
|
|
|
|
|
| Financing activities: |
|
|
|
|
|
|
Dividends paid
|
|
|
|
|
|
|
Reacquisition of shares on open market
|
|
|
|
|
|
| Stock options exercised, net of shares reacquired |
|
|
|
|
|
| Proceeds from share subscriptions |
|
|
|
|
|
| Proceeds from stock options exercised |
|
|
|
|
|
| Payment of tax withholding on equity awards vested |
|
|
|
|
|
| Debt issuance costs |
|
|
|
|
|
| Repayment of short-term debt |
|
|
|
|
|
|
Proceeds from issuance of long-term debt
|
|
|
|
|
|
| Proceeds from issuance of commercial paper with maturities greater than 90 days |
|
|
|
|
|
| Repayments of commercial paper with maturities greater than 90 days |
|
|
|
|
|
| Net repayments from issuance of commercial paper with maturities of 90 days or less |
|
|
|
|
|
| Repayments of revolving credit facility |
|
|
|
|
|
| Proceeds from term loan |
|
|
|
|
|
|
Repayment of long-term debt
|
|
|
|
|
|
| Proceeds from revolving credit facility |
|
|
|
|
|
| Repayment of revolving credit facility |
|
|
|
|
|
| Proceeds from term loans |
|
|
|
|
|
| Repayment of term loan |
|
|
|
|
|
| Net transfers to Crane |
|
|
|
|
|
|
Total provided by (used for) financing activities
|
|
|
|
|
|
|
|
|
| Total provided by operating activities |
|
|
|
|
|
| Total used for investing activities |
|
|
|
|
|
| Increase in cash and cash equivalents from discontinued operations |
|
|
|
|
|
| Effect of exchange rates on cash and cash equivalents |
|
|
|
|
|
| Effect of exchange rates on cash, cash equivalents and restricted cash |
|
|
|
|
|
|
Increase (decrease) in cash, cash equivalents and restricted cash
|
|
|
|
|
|
| Cash, cash equivalents and restricted cash at beginning of period |
|
|
|
|
|
| Cash, cash equivalents and restricted cash at end of period |
|
|
|
|
|
| Detail of cash (used for) provided by operating working capital |
|
|
|
|
|
|
Accounts receivable
|
|
|
|
|
|
|
Inventories
|
|
|
|
|
|
|
Other current assets
|
|
|
|
|
|
|
Accounts payable
|
|
|
|
|
|
| Accrued liabilities |
|
|
|
|
|
| U.S. and foreign taxes on income |
|
|
|
|
|
|
|
|
