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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flow From Operating Activities    
Net Income $ 578.6 $ 669.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 50.1 51.3
Amortization expense 110.5 113.6
Change in fair value of business acquisition liabilities 0.0 (98.0)
Deferred income taxes (12.7) 32.8
Equity in net earnings of affiliates (10.0) (7.4)
Distributions from unconsolidated affiliates 7.2 7.5
Non-cash compensation expense 22.0 20.3
Other (1.5) 5.8
Change in assets and liabilities:    
Accounts receivable (1.7) (12.0)
Inventories (152.7) (59.9)
Other current assets 4.7 6.1
Accounts payable and accrued expenses (56.0) (50.8)
Income taxes payable 16.5 (10.3)
Other operating assets and liabilities, net (20.9) (14.8)
Net Cash Provided By Operating Activities 534.1 653.6
Cash Flow From Investing Activities    
Additions to property, plant and equipment (98.1) (64.1)
Other (2.6) (5.6)
Net Cash Used In Investing Activities (100.7) (69.7)
Cash Flow From Financing Activities    
Long Term debt borrowings 499.8 0.0
Long-term debt (repayments) (300.0) (300.0)
Short-term debt (repayments), net of borrowings (249.5) (71.6)
Proceeds from stock options exercised 22.4 26.9
Payment of cash dividends (191.2) (185.8)
Purchase of treasury stock (0.0) (54.9)
Deferred financing and other (7.5) 0.0
Net Cash Provided By (Used In) Financing Activities (226.0) (585.4)
Effect of exchange rate changes on cash and cash equivalents (10.4) (1.6)
Net Change In Cash and Cash Equivalents 197.0 (3.1)
Cash and Cash Equivalents at Beginning of Period 240.6 183.1
Cash and Cash Equivalents at End of Period 437.6 180.0
Cash paid during the period for:    
Interest (net of amounts capitalized) 54.0 45.4
Income taxes 165.5 175.7
Supplemental disclosure of non-cash investing activities:    
Property, plant and equipment expenditures included in Accounts Payable $ 34.4 $ 11.2