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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Statement of Cash Flows [Abstract]      
Net earnings $ 506.8 $ 502.9 $ 263.0
Adjustments to reconcile net earnings to net cash provided by operating activities      
Depreciation and amortization 186.4 174.2 150.8
Share-based incentive compensation 43.5 41.7 32.9
Profit sharing expense 22.4 27.8 24.5
Loss on debt redemption and refinancing activities 18.6 0.0 16.1
Impairment of debt investment 8.0 0.0 0.0
Provision for allowance for credit losses on trade receivables 2.1 3.7 2.5
Provisions for inventory obsolescence 9.5 9.0 7.2
Deferred taxes, net 37.3 81.7 (55.0)
Net (gain) loss on sale of businesses (59.3) (19.0) 30.7
Gain on equity investment (6.6) (15.1) 0.0
Other non-cash items 9.4 2.9 11.1
Changes in operating assets and liabilities:      
Trade receivables, net (110.9) 27.4 38.1
Inventories (165.7) (25.2) 12.4
Income tax receivable/payable 45.7 (31.3) 20.9
Accounts payable 206.1 0.8 (37.0)
Customer advance payments 15.1 10.8 2.5
Other assets and liabilities (58.7) (55.3) (9.6)
Net cash provided by operating activities 709.7 737.0 511.1
Cash flows from investing activities:      
Capital expenditures (213.1) (181.1) (189.7)
Investment in marketable securities 0.0 13.9 (12.5)
Proceeds (payments) related to sale of businesses and property and equipment, net 89.4 12.4 (2.4)
Businesses acquired in purchase transactions, net of cash acquired (0.1) 1.2 (452.8)
Payments associated with debt, equity, and equity method investments (18.0) (8.2) 0.0
Settlement of foreign currency forward contracts 8.4 1.5 (8.2)
Proceeds of corporate owned life insurance 7.7 0.0 0.0
Other investing activities 0.0 0.5 0.0
Net cash used in investing activities (125.7) (159.8) (665.6)
Cash flows from financing activities:      
Net payments of short-term borrowings (5.9) (99.0) (127.5)
Proceeds from long-term debt 601.5 0.0 894.9
Payments of long-term debt (610.4) (5.6) (425.0)
Dividends paid on common stock (115.6) (100.4) (99.1)
Repurchases of common stock (403.1) (33.0) (67.3)
Payments for debt extinguishment costs (17.0) 0.0 (15.5)
Impact of tax withholding on share-based compensation (14.8) (11.6) (10.8)
Principal payments related to financing leases (10.5) (11.6) (9.3)
Other financing activities 0.0 (0.5) (0.5)
Net cash (used in) provided by financing activities (575.8) (261.7) 139.9
Effect of foreign currency exchange rate changes on cash and cash equivalents 4.1 (29.2) 5.3
Cash Reconciliation:      
Cash and cash equivalents 548.7 262.4 271.7
Restricted cash and cash equivalents 0.0 0.0 0.0
Balance, beginning of period 548.7 262.4 271.7
Net change during the period 12.3 286.3 (9.3)
Balance, end of period 561.0 548.7 262.4
Restricted cash and cash equivalents 0.0 0.0 0.0
Supplemental Cash Flow Information:      
Interest payments, net of amounts capitalized 175.2 187.7 194.9
Income tax payments, net of cash refunds 112.6 102.0 94.7
Restructuring payments including associated costs 27.7 73.7 90.9
Non-cash items:      
Transfers of shares of common stock from treasury for profit-sharing plan contributions $ 28.0 $ 24.4 $ 21.9