UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
October 24, 2006

FMC TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)

 
 	 	 	 	 	
Delaware	 	1-16489	 	36-4412642	
(State or other jurisdiction
of incorporation)	 	(Commission File Number)	 	(I.R.S. Employer
Identification No.)	
1803 Gears Road, Houston, TX 77067
(Address of principal executive offices) (Zip Code)
(281) 591-4000
Registrant’s telephone number, including area code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)	
 
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)	
 
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))	
 
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))	

SECTION 2 – Financial Information
ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On October 24, 2006, FMC Technologies, Inc. issued a press release announcing its financial results for the fiscal quarter ended September 30, 2006. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.
SECTION 9 – Financial Statements and Exhibits
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits:

99.1	  	Press Release issued by FMC Technologies, Inc. dated October 24, 2006	

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

FMC TECHNOLOGIES, INC.	
 	 	
By:	 	/s/ William H. Schumann, III	
 	 	William H. Schumann, III	
 	 	Senior Vice President and Chief Financial
  Officer	
Date: October 24, 2006

Exhibit 99.1

News Release	  	FMC Technologies Inc	
 	  	1803 Gears Road            	
 	  	Houston, TX 77067       	

 	 	 	 	 	
For Release:	  	Immediate	  	 	
 	 	 	
Media	  	Bruce Bullock	  	(281) 591-4429	
Investors	  	Maryann Seaman	  	(281) 591-4080	
FMC Technologies Reports Solid Third Quarter
 
 	•	 	Diluted earnings per share were $0.87 in the third quarter	
 
 	•	 	Energy Systems’ operating profit improved 151 percent while revenue improved 36 percent from prior-year quarter	
 
 	•	 	Company increased its estimate of full year 2006 diluted earnings per share from continuing operations to a range of $3.20 to $3.25	
 
 	•	 	Company estimates its full year 2007 diluted earnings per share in a range of $3.70 to $3.90	
HOUSTON, October 24, 2006 – FMC Technologies, Inc. (NYSE: FTI) today reported third quarter 2006 revenue of $960.8 million, up 24 percent over the third quarter of 2005 on the strength of subsea systems, surface wellhead and WECO ® /Chiksan ®  products. Net income for the third quarter of 2006 was $61.0 million, or $0.87 per diluted share, an increase of 34 percent over the prior-year quarter of $0.65 per diluted share. Diluted earnings per share for the third quarter of 2005 included a positive $0.22 diluted earnings per share impact from the sale of MODEC Inc. stock.
The Company increased its estimate of full year 2006 diluted earnings per share from continuing operations to a range of $3.20 to $3.25. For 2007, the Company estimated full year diluted earnings per share in a range of $3.70 to $3.90.
“We are pleased with the continued strong performance of the Company. Our subsea systems, surface wellhead and WECO®/Chiksan® businesses drove the favorable performance over the prior-year,” said Joseph H. Netherland, Chairman and Chief Executive Officer. “Energy Systems’ revenue grew 36 percent over the prior-year quarter and operating profits improved 151 percent on higher volumes and operating margin improvement.”
 
- more -

Page 2 - FMC Technologies Reports Solid Third Quarter
Review of Operations – Third Quarter 2006
Energy Production Systems
Energy Production Systems’ third quarter revenues of $585.6 million increased 37 percent over the prior-year quarter, due mainly to higher subsea systems revenue of $445 million, which was up 38 percent from the prior-year quarter. Surface wellhead systems’ revenue improved 28 percent over the prior-year period.
Energy Production Systems’ operating profit of $53.4 million was $36.6 million higher than the prior-year quarter. The operating profit improvement is due principally to higher volumes and higher margins for subsea systems. Surface wellhead and floating production systems both contributed higher volume and margin improvement than during the prior-year quarter. Additionally, Energy Production Systems’ third quarter 2005 segment operating profit included a $16.0 million loss provision for the Sonatrach contract.
Energy Production Systems’ inbound orders were $423.1 million for the third quarter, down 7 percent from the prior-year quarter. Backlog at the end of the third quarter was $1.6 billion, up 10 percent from the prior-year quarter but down sequentially due to the timing of subsea project award announcements.
Energy Processing Systems
Energy Processing Systems’ third quarter revenue of $174.7 million was 32 percent higher than the prior-year period. The revenue improvement was the result of strong demand for WECO ® /Chiksan ®  equipment from service companies, as well as a stronger demand for material handling equipment for mining and construction bulk conveying projects.
Energy Processing Systems’ third quarter operating profit of $27.0 million was $11.8 million higher than in the third quarter of 2005. The operating profit improvement was primarily the result of higher WECO ® /Chiksan ®  equipment volume and operating margins.
Energy Processing Systems’ inbound orders were $210.0 million for the third quarter, up 46 percent from the prior-year quarter due mainly to stronger demand for WECO ® /Chiksan ®  equipment as well as orders for a new well service pump offering. Inbound orders for material handling and measurement systems are also higher than the prior-year quarter. Backlog at the end of the third quarter of 2006 was $ 272.8 million, up 59 percent from the prior-year quarter, and up 15 percent from the previous quarter.
 
- more -

Page 3 - FMC Technologies Reports Solid Third Quarter
FoodTech
FoodTech’s third quarter revenue of $113.0 million was down 15 percent from the third quarter of 2005 due primarily to a slowing North American poultry market and reduced volumes for canning and sterilization equipment. Operating profit of $9.5 million improved 13 percent from the prior-year period, due mainly to some improvement in citrus processing, which was offset in part by the slowing in the North American poultry market. Inbound orders were $121.1 million for the third quarter of 2006, down 11 percent from the third quarter of 2005. Backlog at the end of the third quarter of 2006 was $149.2 million, down 5 percent from the third quarter of 2005.
Airport Systems
Airport Systems’ third quarter revenue of $89.3 million was $3.4 million greater than the prior-year quarter due mainly to higher volume of Jetway ®  passenger boarding bridges and equipment and higher Airport Services’ revenue due to growth from new service locations. Airport Systems’ third quarter operating profit of $8.5 million was flat compared to the prior-year period as volume increases were offset by an operating margin decline in Jetway ® .
Airport Systems’ inbound orders were $99.4 million, up 50 percent from the prior-year quarter. Backlog grew sequentially to a quarterly record of $184.2 million due in part to the earlier receipt of the Halvorsen Loader order and strength in the passenger boarding bridge market for future year deliveries.
Corporate Items
Corporate expense in the third quarter of 2006 was $8.5 million, $0.9 million above prior-year period. Other expense, net, was $5.0 million, down $3.9 million from the prior-year quarter, due mainly to fluctuations in nonqualified plan investments and the absence of foreign exchange losses in 2006. Corporate items in the third quarter of 2005 included a $25.3 million gain from the sale of MODEC, Inc. stock.
Net interest expense in the third quarter of 2006 was $1.4 million, down from $1.6 million in the prior-year quarter.
 
- more -

Page 4 - FMC Technologies Reports Solid Third Quarter
Debt, less cash, at the end of the third quarter was $164.1 million, up slightly from $152.3 million at the end of the prior quarter, due mainly to working capital increases and capital spending to support Energy Systems’ growth and stock repurchases. In the third quarter of 2006, $47.7 million of cash was used to repurchase 805,500 shares of FMC Technologies common stock.
Depreciation and amortization for the third quarter of 2006 was $18.4 million, up from $16.5 million in the prior-year quarter.
Capital expenditures during the third quarter of 2006 totaled $35.6 million, up from $21.8 million in the prior-year quarter due primarily to capacity expansion projects in Energy Systems businesses.
Summary and Outlook
FMC Technologies reported revenue of $960.8 million in the third quarter of 2006, up 24 percent over prior-year quarter. Net income was $61.0 million, or $0.87 per diluted share on the strength of subsea systems, surface wellhead and WECO ® /Chiksan ®  products. Subsea systems’ revenue grew 38 percent over the prior-year quarter. The Company’s surface wellhead and WECO ® /Chiksan ®  businesses also contributed to the increased revenue and operating profit. Despite lower FoodTech revenue, operating profit improved 13 percent over the prior-year quarter mainly from stronger citrus business performance. Airport Systems’ revenue was up slightly, but operating profits were flat. Total company backlog of $2.2 billion declined from $2.3 billion from the second quarter on delayed subsea inbound orders; the Company believes, however, that subsea inbound orders should increase during the next six to nine months as a number of large subsea projects are awarded.
The Company increased its estimate for full-year 2006 diluted earnings per share from continuing operations to a range of $3.20 to $3.25.
The Company estimates its full year 2007 diluted earnings per share in a range of $3.70 to $3.90.
# # #
FMC Technologies, Inc. (www.fmctechnologies.com) is a leading global provider of mission-critical technology solutions for the energy, food processing and air transportation industries. The Company designs, manufactures and services technologically sophisticated systems and products for its customers through its Energy Systems (comprising Energy Production and Energy Processing), FoodTech and Airport Systems businesses. FMC Technologies employs approximately 11,000 people and operates 32 manufacturing facilities in 17 countries.
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond the Company’s ability to control. These risks and uncertainties are described under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2005 and may be modified in subsequent periodic reports filed by the Company with the Securities and Exchange Commission that may be accessed on the Company’s website. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.
 
- more -

Page 5 - FMC Technologies Reports Solid Third Quarter
FMC Technologies, Inc. will conduct its third quarter 2006 conference call at 9:00 a.m. (Eastern Daylight Time) on Wednesday, October 25, 2006. The event will be available at  www.fmctechnologies.com . It also will be available for replay after the event at the same website address.
 
- more -

FMC TECHNOLOGIES, INC. AND CONSOLIDATED SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited and in millions, except per share amounts)

 	  	Three Months Ended
September 30	 	 	Nine Months Ended
September 30	 	
 	  	2006	 	 	2005	 	 	2006	 	 	2005	 	
Revenue	  	$	960.8	 	 	$	776.1	 	 	$	2,828.5	 	 	$	2,270.2	 	
Costs and expenses	  	 	876.7	 	 	 	743.4	 	 	 	2,571.4	 	 	 	2,206.3	 	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	  	 	84.1	 	 	 	32.7	 	 	 	257.1	 	 	 	63.9	 	
Net gain on disposal of assets	  	 	1.1	 	 	 	25.4	 	 	 	1.2	 	 	 	30.3	 	
Minority interests	  	 	(0.3	)	 	 	(0.4	)	 	 	(1.4	)	 	 	(1.5	)	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income before net interest expense and income taxes	  	 	84.9	 	 	 	57.7	 	 	 	256.9	 	 	 	92.7	 	
Net interest expense	  	 	(1.4	)	 	 	(1.6	)	 	 	(5.2	)	 	 	(4.0	)	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income before income taxes	  	 	83.5	 	 	 	56.1	 	 	 	251.7	 	 	 	88.7	 	
Provision for income taxes	  	 	22.5	 	 	 	10.4	 	 	 	80.1	 	 	 	13.6	 	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income from continuing operations	  	 	61.0	 	 	 	45.7	 	 	 	171.6	 	 	 	75.1	 	
Income from discontinued operations, net of tax	  	 	—  	 	 	 	—  	 	 	 	1.9	 	 	 	—  	 	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income	  	$	61.0	 	 	$	45.7	 	 	$	173.5	 	 	$	75.1	 	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Basic Earnings per share:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	
Income from continuing operations	  	$	0.89	 	 	$	0.66	 	 	$	2.50	 	 	$	1.09	 	
Income from discontinued operations	  	 	—  	 	 	 	—  	 	 	 	0.03	 	 	 	—  	 	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Basic earnings per share	  	$	0.89	 	 	$	0.66	 	 	$	2.53	 	 	$	1.09	 	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted Earnings per share:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	
Income from continuing operations	  	$	0.87	 	 	$	0.65	 	 	$	2.44	 	 	$	1.06	 	
Income from discontinued operations	  	 	—  	 	 	 	—  	 	 	 	0.03	 	 	 	—  	 	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted earnings per share	  	$	0.87	 	 	$	0.65	 	 	$	2.47	 	 	$	1.06	 	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Weighted average shares outstanding:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Basic	  	 	68.7	 	 	 	68.9	 	 	 	68.7	 	 	 	69.0	 	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	 	70.4	 	 	 	70.8	 	 	 	70.4	 	 	 	70.8	 	

- 6 -

FMC TECHNOLOGIES, INC. AND CONSOLIDATED SUBSIDIARIES
BUSINESS SEGMENT DATA
(Unaudited and in millions)

 	  	Three Months Ended
September 30	 	 	Nine Months Ended
September 30	 	
 	  	2006	 	 	2005	 	 	2006	 	 	2005	 	
Revenue	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	
Energy Production Systems	  	$	585.6	 	 	$	428.2	 	 	$	1,727.6	 	 	$	1,297.4	 	
Energy Processing Systems	  	 	174.7	 	 	 	132.8	 	 	 	485.8	 	 	 	366.4	 	
Intercompany eliminations	  	 	(0.5	)	 	 	(0.7	)	 	 	(1.1	)	 	 	(2.2	)	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Subtotal Energy Systems	  	 	759.8	 	 	 	560.3	 	 	 	2,212.3	 	 	 	1,661.6	 	
FoodTech	  	 	113.0	 	 	 	132.5	 	 	 	384.4	 	 	 	383.7	 	
Airport Systems	  	 	89.3	 	 	 	85.9	 	 	 	236.7	 	 	 	232.6	 	
Intercompany eliminations	  	 	(1.3	)	 	 	(2.6	)	 	 	(4.9	)	 	 	(7.7	)	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	  	$	960.8	 	 	$	776.1	 	 	$	2,828.5	 	 	$	2,270.2	 	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income before income taxes	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	
Segment operating profit	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Energy Production Systems	  	$	53.4	 	 	$	16.8	 	 	$	174.7	 	 	$	34.9	 	
Energy Processing Systems	  	 	27.0	 	 	 	15.2	 	 	 	77.2	 	 	 	35.8	 	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Subtotal Energy Systems	  	 	80.4	 	 	 	32.0	 	 	 	251.9	 	 	 	70.7	 	
FoodTech	  	 	9.5	 	 	 	8.4	 	 	 	31.6	 	 	 	24.1	 	
Airport Systems	  	 	8.5	 	 	 	8.5	 	 	 	15.8	 	 	 	17.2	 	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total segment operating profit	  	 	98.4	 	 	 	48.9	 	 	 	299.3	 	 	 	112.0	 	
 	 	 	 	 	
Corporate items	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Corporate expense	  	 	(8.5	)	 	 	(7.6	)	 	 	(23.8	)	 	 	(21.9	)	
Other expense, net (1)	  	 	(5.0	)	 	 	(8.9	)	 	 	(18.6	)	 	 	(22.7	)	
Gain on sale of investment	  	 	—  	 	 	 	25.3	 	 	 	—  	 	 	 	25.3	 	
Net interest expense	  	 	(1.4	)	 	 	(1.6	)	 	 	(5.2	)	 	 	(4.0	)	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total corporate items	  	 	(14.9	)	 	 	7.2	 	 	 	(47.6	)	 	 	(23.3	)	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income from continuing operations before income taxes	  	$	83.5	 	 	$	56.1	 	 	$	251.7	 	 	$	88.7	 	

(1)	Other expense, net, generally includes stock-based compensation, other employee benefits, LIFO adjustments, and the impact of unusual transactions not representative of segment operations.	
 
- 7 -

FMC TECHNOLOGIES, INC. AND CONSOLIDATED SUBSIDIARIES
BUSINESS SEGMENT DATA
(Unaudited and in millions)

 	  	Three Months Ended
September 30	 	 	Nine Months Ended
September 30	 	
 	  	2006	 	 	2005	 	 	2006	 	 	2005	 	
Inbound Orders	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	
Energy Production Systems	  	$	423.1	 	 	$	457.0	 	 	$	1,804.1	 	 	$	1,504.1	 	
Energy Processing Systems	  	 	210.0	 	 	 	144.1	 	 	 	543.8	 	 	 	432.9	 	
Intercompany eliminations	  	 	(0.4	)	 	 	(0.7	)	 	 	(0.8	)	 	 	(1.5	)	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Subtotal Energy Systems	  	 	632.7	 	 	 	600.4	 	 	 	2,347.1	 	 	 	1,935.5	 	
FoodTech	  	 	121.1	 	 	 	136.8	 	 	 	403.5	 	 	 	398.2	 	
Airport Systems	  	 	99.4	 	 	 	66.4	 	 	 	327.1	 	 	 	216.0	 	
Intercompany eliminations	  	 	(2.3	)	 	 	(1.3	)	 	 	(5.1	)	 	 	(6.6	)	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total inbound orders	  	$	850.9	 	 	$	802.3	 	 	$	3,072.6	 	 	$	2,543.1	 	

 	 	 	 	 	 	 	 	 	
 	  	September 30	 	
 	  	2006	 	 	2005	 	
Order Backlog	  	 	 	 	 	 	 	 	
 	 	 	
Energy Production Systems	  	$	1,573.1	 	 	$	1,429.4	 	
Energy Processing Systems	  	 	272.8	 	 	 	171.3	 	
Intercompany eliminations	  	 	(0.1	)	 	 	(0.3	)	
 	  	 	 	 	 	 	 	 	
Subtotal Energy Systems	  	 	1,845.8	 	 	 	1,600.4	 	
FoodTech	  	 	149.2	 	 	 	157.1	 	
Airport Systems	  	 	184.2	 	 	 	103.2	 	
Intercompany eliminations	  	 	(1.6	)	 	 	(0.8	)	
 	  	 	 	 	 	 	 	 	
Total order backlog	  	$	2,177.6	 	 	$	1,859.9	 	

- 8 -

FMC TECHNOLOGIES, INC. AND CONSOLIDATED SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions)

 	  	September 30,
2006
(Unaudited)	  	December 31,
2005	
Cash and cash equivalents	  	$	58.7	  	$	152.9	
Trade receivables, net	  	 	837.1	  	 	736.3	
Inventories	  	 	602.0	  	 	449.4	
Other current assets	  	 	112.0	  	 	89.5	
 	  	 	 	  	 	 	
Total current assets	  	 	1,609.8	  	 	1,428.1	
 	 	 	
Property, plant and equipment, net	  	 	416.0	  	 	353.3	
Goodwill	  	 	121.1	  	 	117.4	
Intangible assets, net	  	 	65.7	  	 	61.1	
Investments	  	 	23.0	  	 	22.3	
Other assets	  	 	112.2	  	 	113.4	
 	  	 	 	  	 	 	
Total assets	  	$	2,347.8	  	$	2,095.6	
 	  	 	 	  	 	 	
Short-term debt and current portion of long-term debt	  	$	5.1	  	$	3.3	
Accounts payable, trade and other	  	 	376.8	  	 	366.2	
Advance payments and progress billings	  	 	410.9	  	 	348.6	
Other current liabilities	  	 	395.4	  	 	340.1	
 	  	 	 	  	 	 	
Total current liabilities	  	 	1,188.2	  	 	1,058.2	
 	 	 	
Long-term debt, less current portion	  	 	217.7	  	 	252.6	
Other liabilities	  	 	87.0	  	 	85.3	
Common stock	  	 	0.7	  	 	0.7	
Other stockholders’ equity	  	 	854.2	  	 	698.8	
 	  	 	 	  	 	 	
Total liabilities and stockholders’ equity	  	$	2,347.8	  	$	2,095.6	

- 9 -

FMC TECHNOLOGIES, INC. AND CONSOLIDATED SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited and in millions)

 	  	Nine Months Ended
September 30	 	
 	  	2006	 	 	2005	 	
Cash provided (required) by operating activities of continuing operations:	  	 	 	 	 	 	 	 	
Net income	  	$	173.5	 	 	$	75.1	 	
Income from discontinued operations	  	 	(1.9	)	 	 	—  	 	
Depreciation and amortization	  	 	52.6	 	 	 	48.6	 	
Trade accounts receivable, net	  	 	(82.1	)	 	 	(9.4	)	
Inventories	  	 	(140.8	)	 	 	(171.6	)	
Advance payments and progress billings	  	 	57.4	 	 	 	64.8	 	
Income taxes	  	 	21.5	 	 	 	(52.2	)	
Other	  	 	15.0	 	 	 	10.0	 	
 	  	 	 	 	 	 	 	 	
Net cash provided (required) by operating activities of continuing operations	  	 	95.2	 	 	 	(34.7	)	
 	  	 	 	 	 	 	 	 	
Cash required by operating activities of discontinued operations	  	 	(0.9	)	 	 	(0.3	)	
 	  	 	 	 	 	 	 	 	
Cash provided (required) by investing activities:	  	 	 	 	 	 	 	 	
Capital expenditures	  	 	(96.8	)	 	 	(50.7	)	
Proceeds on disposal of assets	  	 	4.8	 	 	 	83.7	 	
Acquisitions	  	 	(9.5	)	 	 	—  	 	
 	  	 	 	 	 	 	 	 	
Net cash (required) provided by investing activities	  	 	(101.5	)	 	 	33.0	 	
 	  	 	 	 	 	 	 	 	
Cash provided (required) by financing activities:	  	 	 	 	 	 	 	 	
Net (repayment) issuance of debt	  	 	(33.7	)	 	 	29.8	 	
Issuance of capital stock	  	 	21.9	 	 	 	18.3	 	
Purchase of stock held in treasury	  	 	(87.9	)	 	 	(30.5	)	
Excess tax benefits	  	 	12.0	 	 	 	4.0	 	
Net increase in common stock held in employee benefit trust	  	 	(1.1	)	 	 	(0.7	)	
 	  	 	 	 	 	 	 	 	
Net cash (required) provided by financing activities	  	 	(88.8	)	 	 	20.9	 	
 	  	 	 	 	 	 	 	 	
Effect of changes in foreign exchange rates on cash and cash equivalents	  	 	1.8	 	 	 	(3.4	)	
 	  	 	 	 	 	 	 	 	
(Decrease) increase in cash and cash equivalents	  	 	(94.2	)	 	 	15.5	 	
Cash and cash equivalents, beginning of period	  	 	152.9	 	 	 	124.1	 	
 	  	 	 	 	 	 	 	 	
Cash and cash equivalents, end of period	  	$	58.7	 	 	$	139.6	 	

- 10 -