2005 Financial Review
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Note 18 - Supplemental Cash Flow Information
| Years Ended December 31, | ||||
| (In millions) | 2005 | 2004 | 2003 | |
| Cash paid for: | ||||
| Interest | $ | 23.9 | 19.3 | 23.9 |
| Income taxes, net | 70.4 | 34.4 | 25.3 | |
| Other noncash financing activities – settlement of employee benefits with Company common shares | $ | 20.2 | 16.3 | 16.8 |
As part of the Company’s changes to its U.S. pension plans, beginning on January 1, 2006, the Company will make matching contributions related to its 401(k) plans in cash rather than in the Company’s common stock.
The Company’s sales of natural resource assets in 2004 and 2003 included noncash proceeds, primarily the assumption of liabilities by the purchaser. Noncash proceeds were $14.8 million in 2004 and $2.6 million in 2003.