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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities    
Net earnings $ 456.7 $ 532.7
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation, depletion, accretion and amortization 435.0 321.0
Loss on impairments 67.8 4.6
Noncash operating lease expense 46.6 32.7
Net gain on sale of property, plant & equipment and businesses (28.4) (120.3)
Contributions to pension plans (5.8) (6.0)
Share-based compensation expense 27.9 25.2
Deferred tax expense 35.4 71.4
Changes in assets and liabilities before initial effects of business acquisitions and dispositions (295.5) (144.6)
Other, net 8.6 8.1
Net cash provided by operating activities 748.3 724.8
Investing Activities    
Purchases of property, plant & equipment (450.4) (318.6)
Proceeds from sale of property, plant & equipment 37.8 192.4
Payment for businesses acquired, net of acquired cash (528.0) (1,634.5)
Other, net (0.1) 0.1
Net cash used for investing activities (940.7) (1,760.6)
Financing Activities    
Proceeds from short-term debt 1,288.2 0.0
Payment of short-term debt (976.2) (0.0)
Payment of current maturities and long-term debt (557.6) (1,444.0)
Proceeds from issuance of long-term debt 550.0 1,600.0
Debt issuance and exchange costs (2.9) (13.3)
Payment of finance leases (27.0) (4.8)
Dividends paid (159.5) (147.3)
Share-based compensation, shares withheld for taxes (17.4) (15.8)
Other, net 0.2 (0.6)
Net cash provided by (used for) financing activities 97.8 (25.8)
Net decrease in cash and cash equivalents and restricted cash (94.6) (1,061.6)
Cash and cash equivalents and restricted cash at beginning of year 241.5 1,198.0
Cash and cash equivalents and restricted cash at end of period $ 146.9 $ 136.4