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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES      
Net income (loss) including noncontrolling interest $ 1,108.9 $ 1,144.0 $ (1,185.5)
Less: Net loss from discontinued operations including noncontrolling interest     (2,170.3)
Net income including noncontrolling interest 1,108.9 1,144.0 984.8
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation 618.5 604.4 594.3
Amortization 320.2 238.7 218.4
Deferred income taxes (142.6) (1.1) (45.8)
Share-based compensation expense 87.8 89.5 82.1
Pension and postretirement plan contributions (64.3) (60.2) (70.7)
Pension and postretirement plan expense, net 45.5 42.4 42.0
Restructuring charges, net of cash paid 66.2 (41.7) 7.8
Debt refinancing   29.4 77.1
Other, net 24.9 15.9 61.0
Changes in operating assets and liabilities, net of effect of acquisitions:      
Accounts receivable (319.6) (178.2) 155.6
Inventories (402.9) (73.0) (179.5)
Other assets (278.2) (92.9) 42.3
Accounts payable 394.7 200.4 55.9
Other liabilities 329.3 144.3 (283.5)
Cash provided by operating activities - continuing operations 1,788.4 2,061.9 1,741.8
Cash provided by operating activities - discontinued operations     118.4
Cash provided by operating activities 1,788.4 2,061.9 1,860.2
INVESTING ACTIVITIES      
Capital expenditures (712.8) (643.0) (489.0)
Property and other assets sold 2.2 12.2 5.3
Acquisitions and investments in affiliates, net of cash acquired (7.2) (3,923.7) (487.0)
Divestiture of businesses     116.2
Other, net 1.0 (25.2) (3.2)
Cash used for investing activities - continuing operations (716.8) (4,579.7) (857.7)
Cash provided by investing activities - discontinued operations     443.2
Cash used for investing activities (716.8) (4,579.7) (414.5)
FINANCING ACTIVITIES      
Net (repayments) issuances of commercial paper and notes payable (404.3) 393.6 (65.5)
Long-term debt borrowings 494.0 2,775.0 1,855.9
Long-term debt repayments   (1,017.9) (1,570.0)
Reacquired shares (518.2) (106.6) (146.2)
Dividends paid (602.8) (566.4) (560.8)
Exercise of employee stock options 29.1 143.5 241.5
Debt refinancing   (29.4) (77.1)
Hedge settlements 172.0 25.9 (8.4)
Other, net (7.1) (14.5) (9.6)
Cash (used for) provided by financing activities - continuing operations (837.3) 1,603.2 (340.2)
Cash used for financing activities - discontinued operations     (1.6)
Cash (used for) provided by financing activities (837.3) 1,603.2 (341.8)
Effect of exchange rate changes on cash and cash equivalents 4.4 14.3 (30.1)
Increase (decrease) in cash and cash equivalents 238.7 (900.3) 1,073.8
Cash and cash equivalents, beginning of period - continuing operations 359.9 1,260.2 118.8
Cash and cash equivalents, beginning of period - discontinued operations     67.6
Cash and cash equivalents, beginning of period 359.9 1,260.2 186.4
Cash and cash equivalents, end of period - continuing operations 598.6 359.9 1,260.2
Cash and cash equivalents, end of period 598.6 359.9 1,260.2
SUPPLEMENTAL CASH FLOW INFORMATION      
Income taxes paid 308.9 275.7 366.9
Net interest paid $ 222.4 $ 208.7 $ 262.5