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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating Activities    
Net earnings $ 619.6 $ 706.8
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation, depletion, accretion and amortization 468.4 464.4
Loss on impairments 86.6 28.3
Noncash operating lease expense 38.6 40.7
Net gain on sale of property, plant & equipment and businesses (4.6) (22.8)
Contributions to pension plans (7.1) (5.6)
Share-based compensation expense 39.9 43.5
Deferred income taxes, net (30.3) (6.0)
Changes in assets and liabilities before initial effects of business acquisitions and dispositions (246.5) (206.0)
Other, net 4.9 11.9
Net cash provided by operating activities 969.5 1,055.2
Investing Activities    
Purchases of property, plant & equipment (441.0) (666.3)
Proceeds from sale of property, plant & equipment 5.6 26.2
Proceeds from sale of businesses 0.2 130.0
Payment for businesses acquired, net of acquired cash and adjustments (206.4) 0.9
Other, net (0.2) (0.0)
Net cash used for investing activities (641.8) (509.2)
Financing Activities    
Proceeds from short-term debt 8.1 166.1
Payment of short-term debt (8.0) (266.1)
Payment of current maturities and long-term debt (550.5) (550.5)
Proceeds from issuance of long-term debt 0.0 550.0
Debt issuance and exchange costs (3.5) (3.4)
Payment of finance leases (10.0) (17.2)
Purchases of common stock (68.8) (49.9)
Dividends paid (183.6) (171.6)
Share-based compensation, shares withheld for taxes (24.5) (19.9)
Distribution to noncontrolling interest (1.8) (0.0)
Net cash used for financing activities (842.6) (362.5)
Net increase (decrease) in cash and cash equivalents and restricted cash (514.9) 183.5
Cash and cash equivalents and restricted cash at beginning of year 949.2 161.5
Cash and cash equivalents and restricted cash at end of period $ 434.3 $ 345.0