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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities    
Net earnings $ 706.8 $ 456.7
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation, depletion, accretion and amortization 464.4 435.0
Loss on impairments 28.3 67.8
Noncash operating lease expense 40.7 46.6
Net gain on sale of property, plant & equipment and businesses (22.8) (28.4)
Contributions to pension plans (5.6) (5.8)
Share-based compensation expense 43.5 27.9
Deferred tax provision (benefit) (6.0) 35.4
Changes in assets and liabilities before initial effects of business acquisitions and dispositions (206.0) (295.5)
Other, net 11.9 8.6
Net cash provided by operating activities 1,055.2 748.3
Investing Activities    
Purchases of property, plant & equipment (666.3) (450.4)
Proceeds from sale of property, plant & equipment 26.2 37.8
Proceeds from sale of businesses 130.0 0.0
Payment for businesses acquired, net of acquired cash and adjustments 0.9 (528.0)
Other, net (0.0) (0.1)
Net cash used for investing activities (509.2) (940.7)
Financing Activities    
Proceeds from short-term debt 166.1 1,288.2
Payment of short-term debt (266.1) (976.2)
Payment of current maturities and long-term debt (550.5) (557.6)
Proceeds from issuance of long-term debt 550.0 550.0
Debt issuance and exchange costs (3.4) (2.9)
Payment of finance leases (17.2) (27.0)
Purchases of common stock (49.9) (0.0)
Dividends paid (171.6) (159.5)
Share-based compensation, shares withheld for taxes (19.9) (17.4)
Other, net 0.0 0.2
Net cash provided by (used for) financing activities (362.5) 97.8
Net increase (decrease) in cash and cash equivalents and restricted cash 183.5 (94.6)
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 $ 345.0 $ 146.9