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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Statement of Cash Flows [Abstract]    
Net earnings $ 226.7 $ 90.7
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 85.9 66.0
Share-based incentive compensation 19.2 13.2
Profit sharing expense 14.1 10.6
Provisions for bad debt 2.6 1.7
Provisions for inventory obsolescence 3.2 4.1
Deferred taxes, net 1.8 (5.7)
Net gain on sale of business (12.1) (0.9)
Other non-cash items 7.8 0.7
Changes in operating assets and liabilities:    
Trade receivables, net (26.0) (4.2)
Inventories, net (88.1) (48.2)
Accounts payable 2.1 (10.4)
Customer advance payments 12.0 1.5
Income tax receivable/payable 48.7 6.3
Other assets and liabilities (84.9) 43.9
Net cash provided by operating activities 213.0 169.3
Cash flows from investing activities:    
Capital expenditures (83.6) (94.5)
Receipts (payments) associated with sale of business and property and equipment 5.2 (2.7)
Business acquired, net of cash acquired 4.2 (23.1)
Investment in marketable securities 12.9 0.0
Settlement of foreign currency forward contracts (5.9) (4.1)
Net cash used in investing activities (67.2) (124.4)
Cash flows from financing activities:    
Net (payments) proceeds of short-term borrowings (20.4) 33.1
Dividends paid on common stock (50.7) (49.7)
Impact of tax withholding on share-based compensation (11.2) (10.6)
Repurchases of common stock 0.0 (67.3)
Principal payments related to financing leases (5.9) (3.7)
Net cash used in financing activities (88.2) (98.2)
Effect of foreign currency exchange rate changes on cash and cash equivalents (30.3) 3.8
Cash and cash equivalents 262.4 271.7
Restricted cash and cash equivalents 0.0 0.0
Balance, beginning of period 262.4 271.7
Net change during the period 27.3 (49.5)
Cash and cash equivalents 289.7 222.2
Restricted cash and cash equivalents 0.0 0.0
Balance, end of period 289.7 222.2
Supplemental Cash Flow Information:    
Interest payments, net of amounts capitalized 97.5 95.6
Income tax payments, net of cash refunds 31.4 29.4
Restructuring payments including associated costs 43.9 49.2
Non-cash items:    
Transfers of shares of common stock from treasury for profit-sharing contributions $ 24.4 $ 21.9