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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES    
Net income including noncontrolling interest $ 174.7 $ 196.5
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 155.2 150.7
Amortization 79.5 64.5
Deferred income taxes (15.7) 42.9
Share-based compensation expense 28.2 31.3
Pension and postretirement plan contributions (17.3) (21.6)
Pension and postretirement plan (income) expense, net (0.8) 1.9
Restructuring charges, net of cash paid (9.0) (4.8)
Other, net   4.4
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable (29.6) 23.6
Inventories (94.8) (45.9)
Other assets (127.2) (35.3)
Accounts payable 25.5 (44.6)
Other liabilities 1.4 (68.3)
Cash provided by operating activities 170.1 295.3
INVESTING ACTIVITIES    
Capital expenditures (148.7) (102.1)
Property and other assets sold 0.3 0.1
Acquisitions and investments in affiliates, net of cash acquired   (88.0)
Other, net 19.2 (2.4)
Cash used for investing activities (129.2) (192.4)
FINANCING ACTIVITIES    
Net issuances of commercial paper and notes payable 82.1 5.8
Reacquired shares (262.1) (61.8)
Dividends paid (154.0) (146.7)
Exercise of employee stock options 9.2 20.1
Other, net 19.5 (0.5)
Cash used for financing activities (305.3) (183.1)
Effect of exchange rate changes on cash and cash equivalents 3.9 9.5
Decrease in cash and cash equivalents (260.5) (70.7)
Cash and cash equivalents, beginning of period 359.9 1,260.2
Cash and cash equivalents, end of period $ 99.4 $ 1,189.5