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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Statement of Cash Flows [Abstract]    
Net earnings $ 161.0 $ 263.1
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities    
Depreciation and amortization 114.8 90.9
Share-based incentive compensation 19.5 27.6
Profit sharing expense 13.3 14.0
Loss on debt redemption and refinancing activities 4.9 11.2
Provision for allowance for credit losses on trade receivables 3.5 6.5
Provisions for inventory obsolescence 11.9 6.8
Deferred taxes, net (27.4) (3.1)
Net (gain) loss on sale of business (4.2) 0.9
Impairment loss on equity investments 0.0 31.6
Other non-cash items 18.1 0.3
Changes in operating assets and liabilities:    
Trade receivables, net 37.5 (44.1)
Inventories, net (19.4) (223.7)
Accounts payable (95.9) 51.1
Customer advance payments (0.7) (8.3)
Income tax receivable/payable (4.2) 24.6
Tax deposit (175.0) 0.0
Other assets and liabilities (64.3) (36.5)
Net cash (used in) provided by operating activities (6.6) 212.9
Cash flows from investing activities:    
Capital expenditures (123.7) (118.9)
Proceeds related to sale of business and property and equipment, net 0.7 7.1
Businesses acquired in purchase transactions, net of cash acquired (1,163.0) (9.7)
Proceeds (Payments) associated with debt, equity and equity method investments 3.3 (2.2)
Settlement of foreign currency forward contracts 10.3 1.5
Net cash used in investing activities (1,272.4) (122.2)
Cash flows from financing activities:    
Net proceeds from short-term borrowings 306.2 0.7
Proceeds from long-term debt 1,411.4 422.8
Payments of long-term debt (432.9) (425.0)
Payments of debt modification/extinguishment costs and other (14.1) (14.7)
Dividends paid on common stock (60.0) (60.3)
Impact of tax withholding on share-based compensation (21.0) (24.9)
Repurchases of common stock (79.9) (250.2)
Principal payments related to financing leases (4.3) (5.7)
Net cash provided by (used in) financing activities 1,105.4 (357.3)
Effect of foreign currency exchange rate changes on cash and cash equivalents 2.6 (13.2)
Cash and cash equivalents 456.1 561.0
Restricted cash and cash equivalents 0.0 0.0
Balance, beginning of period 456.1 561.0
Net change during the period (171.0) (279.8)
Cash and cash equivalents 285.1 281.2
Restricted cash and cash equivalents 0.0 0.0
Balance, end of period 285.1 281.2
Supplemental Cash Flow Information:    
Interest payments, net of amounts capitalized 119.6 84.4
Income tax payments, net of cash refunds 273.4 70.9
Restructuring payments including associated costs 7.2 15.4
Non-cash items:    
Transfers of shares of common stock from treasury for profit-sharing contributions $ 23.9 $ 22.7