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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement of Cash Flows [Abstract]      
Net earnings $ 491.6 $ 506.8 $ 502.9
Adjustments to reconcile net earnings to net cash provided by operating activities      
Depreciation and amortization 184.6 186.4 174.2
Share-based incentive compensation 50.5 43.5 41.7
Profit sharing expense 23.5 22.4 27.8
Loss on debt redemption and refinancing activities 11.2 18.6 0.0
Impairment of debt investment 0.0 8.0 0.0
Provision for allowance for credit losses on trade receivables 6.2 2.1 3.7
Provisions for inventory obsolescence 19.8 9.5 9.0
Deferred taxes, net (29.7) 37.3 81.7
Net gain on sale of businesses (0.7) (59.3) (19.0)
Impairment loss/fair value (gain) on equity investments, net 30.6 (6.6) (15.1)
Other non-cash items 9.8 9.4 2.9
Changes in operating assets and liabilities:      
Trade receivables, net 2.6 (110.9) 27.4
Inventories (178.5) (165.7) (25.2)
Income tax receivable/payable (13.6) 45.7 (31.3)
Accounts payable (72.1) 206.1 0.8
Customer advance payments 1.4 15.1 10.8
Other assets and liabilities 76.1 (58.7) (55.3)
Net cash provided by operating activities 613.3 709.7 737.0
Cash flows from investing activities:      
Capital expenditures (237.3) (213.1) (181.1)
Investment in marketable securities 0.0 0.0 13.9
Proceeds related to sale of businesses and property and equipment, net 9.4 89.4 12.4
Businesses acquired in purchase transactions, net of cash acquired (9.6) (0.1) 1.2
Payments associated with debt, equity, and equity method investments (10.6) (18.0) (8.2)
Settlement of foreign currency forward contracts 5.1 8.4 1.5
Proceeds of corporate owned life insurance 0.0 7.7 0.0
Other investing activities 0.0 0.0 0.5
Net cash used in investing activities (243.0) (125.7) (159.8)
Cash flows from financing activities:      
Net proceeds (payments) of short-term borrowings 5.5 (5.9) (99.0)
Proceeds from long-term debt 423.3 601.5 0.0
Payments of long-term debt (425.0) (610.4) (5.6)
Dividends paid on common stock (118.5) (115.6) (100.4)
Repurchases of common stock (280.2) (403.1) (33.0)
Payments for debt modification/extinguishment costs (15.2) (17.0) 0.0
Impact of tax withholding on share-based compensation (26.6) (14.8) (11.6)
Principal payments related to financing leases (10.0) (10.5) (11.6)
Other financing activities 0.0 0.0 (0.5)
Net cash used in financing activities (446.7) (575.8) (261.7)
Effect of foreign currency exchange rate changes on cash and cash equivalents (28.5) 4.1 (29.2)
Cash Reconciliation:      
Cash and cash equivalents 561.0 548.7 262.4
Restricted cash and cash equivalents 0.0 0.0 0.0
Balance, beginning of period 561.0 548.7 262.4
Net change during the period (104.9) 12.3 286.3
Balance, end of period 456.1 561.0 548.7
Restricted cash and cash equivalents 0.0 0.0 0.0
Supplemental Cash Flow Information:      
Interest payments, net of amounts capitalized 174.5 175.2 187.7
Income tax payments, net of cash refunds 192.2 112.6 102.0
Restructuring payments including associated costs 21.5 27.7 73.7
Non-cash items:      
Transfers of shares of common stock from treasury for profit-sharing plan contributions $ 22.7 $ 28.0 $ 24.4