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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Statement of Cash Flows [Abstract]      
Net earnings $ 502.9 $ 263.0 $ 193.1
Adjustments to reconcile net earnings to net cash provided by operating activities      
Depreciation and amortization 174.2 150.8 131.2
Share-based incentive compensation 41.7 32.9 29.2
Profit sharing expense 27.8 24.5 21.6
Provision for allowance for credit losses on trade receivables 3.7 2.5 2.3
Provisions for inventory obsolescence 9.0 7.2 4.8
Deferred taxes, net 81.7 (55.0) 10.9
Net (gain) loss on sale of businesses (19.0) 30.7 (42.5)
Gain on equity investment (15.1) 0.0 0.0
Other non-cash items 2.9 27.2 24.8
Changes in operating assets and liabilities:      
Trade receivables, net 27.4 38.1 (0.9)
Inventories (25.2) 12.4 (61.2)
Income tax receivable/payable (31.3) 20.9 (16.4)
Accounts payable 0.8 (37.0) 42.6
Customer advance payments 10.8 2.5 4.2
Other assets and liabilities (55.3) (9.6) 84.3
Net cash provided by operating activities 737.0 511.1 428.0
Cash flows from investing activities:      
Capital expenditures (181.1) (189.7) (168.6)
Investment in marketable securities 13.9 (12.5) 0.0
Proceeds (Payments) related to sale of business and property and equipment, net 12.4 (2.4) (8.5)
Businesses acquired in purchase transactions, net of cash acquired 1.2 (452.8) (68.4)
Payments associated with equity investments (8.2) 0.0 (7.5)
Settlement of foreign currency forward contracts 1.5 (8.2) (11.1)
Other investing activities 0.5 0.0 (2.6)
Net cash used in investing activities (159.8) (665.6) (266.7)
Cash flows from financing activities:      
Net (payments) proceeds from short-term borrowings (99.0) (127.5) 224.0
Proceeds from long-term debt 0.0 894.9 0.0
Payments of long-term debt (5.6) (425.0) 0.0
Dividends paid on common stock (100.4) (99.1) (104.1)
Repurchases of common stock (33.0) (67.3) (582.6)
Payments for debt extinguishment/modification costs 0.0 (15.5) (6.1)
Impact of tax withholding on share-based compensation (11.6) (10.8) (7.9)
Principal payments related to financing leases (11.6) (9.3) (1.6)
Other financing activities (0.5) (0.5) 0.0
Net cash (used in) provided by financing activities (261.7) 139.9 (478.3)
Effect of foreign currency exchange rate changes on cash and cash equivalents (29.2) 5.3 (5.3)
Cash Reconciliation:      
Cash and cash equivalents 262.4 271.7 594.0
Restricted cash and cash equivalents 0.0 0.0 0.0
Balance, beginning of period 262.4 271.7 594.0
Net change during the period 286.3 (9.3) (322.3)
Balance, end of period 548.7 262.4 271.7
Restricted cash and cash equivalents 0.0 0.0 0.0
Supplemental Cash Flow Information:      
Interest payments, net of amounts capitalized 187.7 194.9 191.4
Income tax payments 102.0 94.7 155.0
Payments related to sale of Diversey 0.0 0.0 51.6
Restructuring payments including associated costs 73.7 90.9 12.1
Non-cash items:      
Transfers of shares of common stock from treasury for profit-sharing plan contributions $ 24.4 $ 21.9 $ 23.5