XML 65 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities      
Net earnings $ 934.9 $ 576.5 $ 670.4
Adjustments to reconcile net earnings to net cash provided by operating activities      
Depreciation, depletion, accretion and amortization 617.0 587.5 463.0
Loss on impairments 28.3 67.9 4.6
Noncash operating lease expense 53.9 60.3 49.0
Net gain on sale of property, plant & equipment and businesses (76.4) (10.7) (120.1)
Contributions to pension plans (7.4) (7.8) (8.0)
Share-based compensation expense 63.2 41.1 34.7
Deferred income taxes, net (43.3) 57.7 66.8
(Increase) decrease in assets excluding the initial effects of business acquisitions and dispositions      
Accounts and notes receivable 28.2 (53.3) (42.0)
Inventories (54.6) (49.5) 8.3
Other assets 27.8 (92.3) (44.0)
Increase (decrease) in liabilities excluding the initial effects of business acquisitions and dispositions      
Accrued interest and income taxes 18.8 0.4 (0.4)
Trade payables and other accruals (25.1) (17.4) (23.3)
Other noncurrent liabilities (42.4) (36.4) (78.9)
Other, net 13.9 24.2 31.8
Net cash provided by operating activities 1,536.8 1,148.2 1,011.9
Investing Activities      
Purchases of property, plant & equipment (872.6) (612.6) (451.3)
Proceeds from sale of property, plant & equipment 94.6 38.7 216.5
Proceeds from sale of businesses 613.6 50.0 0.0
Payment for businesses acquired, net of acquired cash and adjustments 0.9 (529.2) (1,639.4)
Other, net (0.0) 0.1 0.1
Net cash used for investing activities (163.5) (1,053.0) (1,874.1)
Financing Activities      
Proceeds from short-term debt 166.1 1,361.0 0.0
Payment of short-term debt (266.1) (1,261.0) (0.0)
Payment of current maturities and long-term debt (550.5) (557.7) (1,451.7)
Proceeds from issuance of long-term debt 550.0 550.0 1,600.0
Debt issuance and exchange costs (3.4) (2.8) (13.3)
Payment of finance leases (30.8) (33.8) (13.5)
Purchases of common stock (200.0) (0.0) (0.0)
Dividends paid (228.4) (212.6) (196.4)
Share-based compensation, shares withheld for taxes (21.9) (18.5) (19.1)
Distribution to noncontrolling interest (0.8) (0.0) (0.0)
Other, net 0.2 0.2 (0.3)
Net cash used for financing activities (585.6) (175.2) (94.3)
Net increase (decrease) in cash and cash equivalents and restricted cash 787.7 (80.0) (956.5)
Cash and cash equivalents and restricted cash at beginning of year 161.5 241.5 1,198.0
Cash and cash equivalents and restricted cash at end of year $ 949.2 $ 161.5 $ 241.5