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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net earnings $ 2,041.7 $ 1,774.7 $ 1,436.6
Discontinued operations, net of tax (27.2) (21.5) (20.6)
Adjustments to arrive at net cash provided by (used in) operating activities:      
Depreciation and amortization 348.1 323.6 299.4
Pension and Other Postretirement Benefits Expense (Reversal of Expense), Noncash 51.0 55.6 50.8
Share-based Payment Arrangement, Noncash Expense 64.3 56.3 66.5
Other Operating Activities, Cash Flow Statement (32.7) 17.1 (36.4)
Changes in other assets and liabilities      
Accounts and notes receivable (110.1) (345.4) (265.4)
Inventories (96.4) (466.7) (348.8)
Other current and noncurrent assets (152.3) (116.8) (153.8)
Accounts payable (125.3) 317.9 275.3
Other current and noncurrent liabilities 411.3 60.9 249.6
Net cash (used in) provided by continuing operating activities 2,426.8 1,698.7 1,594.4
Net cash (used in) provided by discontinued operating activities (37.2) (194.7) (6.1)
Net cash provided by (used in) operating activities 2,389.6 1,504.0 1,588.3
Cash flows from investing activities:      
Capital expenditures (300.7) (291.8) (223.0)
Acquisition of businesses, net of cash acquired (862.8) (234.7) (269.2)
Proceeds from sale of property, plant and equipment 9.2 9.7 15.1
Payments for (Proceeds from) Other Investing Activities (17.9) (23.0) (68.6)
Net cash (used in) provided by continuing investing activities (1,172.2) (539.8) (545.7)
Net cash (used in) provided by discontinued investing activities 0.0 (0.6) 0.0
Net cash provided by (used in) investing activities (1,172.2) (540.4) (545.7)
Cash flows from financing activities:      
Other short-term borrowings (net) (1.9) 0.0 0.0
Proceeds from long-term debt 699.2 0.0 0.0
Payments of long-term debt (754.6) (9.6) (432.5)
Net proceeds (repayments) in debt (57.3) (9.6) (432.5)
Debt issuance costs (6.4) (2.1) (2.7)
Dividends paid to ordinary shareholders (683.7) (620.2) (561.1)
Dividends paid to noncontrolling interests (12.9) (14.5) (14.9)
Proceeds shares issued under incentive plans 79.3 2.6 78.3
Repurchase of ordinary shares (669.3) (1,200.2) (1,100.3)
Settlement related to special cash payment 0.0 (6.2) (49.5)
Other, net 0.0 (2.0) (44.9)
Net Cash Provided by (Used in) Financing Activities (1,350.3) (1,852.2) (2,127.6)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total (125.2) (938.7) (1,130.7)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents 1,095.3 1,220.5 2,159.2
Cash and cash equivalents - beginning of period 1,220.5    
Cash and cash equivalents - end of period 1,095.3 1,220.5  
Effect of exchange rate changes on cash and cash equivalents 7.7 (50.1) (45.7)
Cash paid during the year for:      
Interest, net of amounts capitalized 217.4 218.0 234.9
Income taxes, net of refunds $ 523.6 $ 321.3 $ 356.9