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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Statement of Cash Flows [Abstract]    
Net earnings $ 360.7 $ 158.7
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 129.7 107.3
Share-based incentive compensation 31.2 24.0
Profit sharing expense 20.8 15.3
Provisions for bad debt 3.4 2.6
Provisions for inventory obsolescence 6.2 6.8
Deferred taxes, net 1.9 (4.3)
Net (gain) loss on sale of business (14.4) 10.6
Other non-cash items (0.6) 10.4
Changes in operating assets and liabilities:    
Trade receivables, net (35.2) (2.5)
Inventories, net (76.6) (44.0)
Accounts payable (14.9) (56.2)
Customer advance payments 8.1 3.7
Income tax receivable/payable 47.8 16.6
Other assets and liabilities (57.9) 2.2
Net cash provided by operating activities 410.2 251.2
Cash flows from investing activities:    
Capital expenditures (118.3) (141.6)
Receipts (payments) associated with sale of business and property and equipment 7.3 (2.7)
Business acquired, net of cash acquired 1.5 (452.6)
Investment in marketable securities 13.9  
Investment in marketable securities   (10.3)
Settlement of foreign currency forward contracts (3.6) (8.2)
Other investing activities (1.9) 0.0
Net cash used in investing activities (101.1) (615.4)
Cash flows from financing activities:    
Net (payments) proceeds of short-term borrowings (98.5) (19.7)
Proceeds from long-term debt 0.0 474.6
Payments of long-term debt (2.8) 0.0
Dividends paid on common stock (75.6) (74.4)
Impact of tax withholding on share-based compensation (11.5) (10.8)
Repurchases of common stock (20.0) (67.3)
Principal payments related to financing leases (8.7) (6.5)
Other financing activities 0.0 (0.5)
Net cash (used in) provided by financing activities (217.1) 295.4
Effect of foreign currency exchange rate changes on cash and cash equivalents (37.6) (2.9)
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 54.4 (71.7)
Cash and cash equivalents 316.8 200.0
Restricted cash and cash equivalents 0.0 0.0
Balance, end of period 316.8 200.0
Supplemental Cash Flow Information:    
Interest payments, net of amounts capitalized 140.5 138.7
Income tax payments, net of cash refunds 53.0 46.7
Restructuring payments including associated costs 58.7 76.9
Non-cash items:    
Transfers of shares of common stock from treasury for profit-sharing contributions $ 24.4 $ 21.9