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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flow From Operating Activities    
Net Income $ 391.5 $ 439.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 33.4 34.1
Amortization expense 73.9 76.2
Change in fair value of business acquisition liabilities 0.0 (57.0)
Deferred income taxes 2.4 20.9
Equity in net earnings of affiliates (6.3) (5.4)
Distributions from unconsolidated affiliates 3.2 4.5
Non-cash compensation expense 17.9 16.8
Other (3.3) 3.8
Change in assets and liabilities:    
Accounts receivable (7.5) 12.5
Inventories (133.0) (60.3)
Other current assets 10.0 2.6
Accounts payable and accrued expenses (62.1) (134.5)
Income taxes payable 2.0 0.1
Other operating assets and liabilities, net (11.7) (9.0)
Net Cash Provided By Operating Activities 310.4 344.3
Cash Flow From Investing Activities    
Additions to property, plant and equipment (38.8) (43.3)
Other (1.0) (4.3)
Net Cash Used In Investing Activities (39.8) (47.6)
Cash Flow From Financing Activities    
Long Term debt borrowings 499.8 0.0
Long-term debt (repayments) 0.0 (100.0)
Short-term debt (repayments), net of borrowings (249.5) (118.4)
Proceeds from stock options exercised 16.9 12.5
Payment of cash dividends (127.4) (123.8)
Deferred financing and other (7.6) (0.1)
Net Cash Used In Financing Activities 132.2 (329.8)
Effect of exchange rate changes on cash and cash equivalents (3.7) (0.2)
Net Change In Cash and Cash Equivalents 399.1 (33.3)
Cash and Cash Equivalents at Beginning of Period 240.6 183.1
Cash and Cash Equivalents at End of Period 639.7 149.8
Cash paid during the period for:    
Interest (net of amounts capitalized) 32.4 26.2
Income taxes 117.6 118.3
Supplemental disclosure of non-cash investing activities:    
Property, plant and equipment expenditures included in Accounts Payable $ 17.5 $ 10.6