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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities    
Net earnings $ 120.9 $ 92.1
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation, depletion, accretion and amortization 148.4 141.0
Loss on impairments 0.0 0.1
Noncash operating lease expense 13.6 16.4
Net gain on sale of property, plant & equipment and businesses (1.7) (2.6)
Contributions to pension plans (1.9) (2.0)
Share-based compensation expense 8.2 7.5
Deferred tax provision (benefit) (13.3) 1.1
Changes in assets and liabilities before initial effects of business acquisitions and dispositions (55.2) (77.8)
Other, net 2.3 (0.2)
Net cash provided by operating activities 221.3 175.6
Investing Activities    
Purchases of property, plant & equipment (193.6) (160.4)
Proceeds from sale of property, plant & equipment 1.4 6.2
Payment for businesses acquired, net of acquired cash 0.5 (148.2)
Other, net (0.0) (0.1)
Net cash used for investing activities (61.7) (302.5)
Financing Activities    
Proceeds from short-term debt 28.0 189.0
Payment of short-term debt (128.0) (89.0)
Payment of current maturities and long-term debt (550.4) (2.3)
Proceeds from issuance of long-term debt 550.0 0.0
Debt issuance and exchange costs (3.4) (0.7)
Payment of finance leases (5.8) (8.5)
Dividends paid (57.2) (53.2)
Share-based compensation, shares withheld for taxes (14.3) (17.1)
Other, net 0.0 0.2
Net cash provided by (used for) financing activities (181.1) 18.4
Net decrease in cash and cash equivalents and restricted cash (21.5) (108.5)
Cash and cash equivalents and restricted cash at beginning of year 161.5 241.5
Cash and cash equivalents and restricted cash at end of period $ 140.0 $ 133.0