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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES    
Net income including noncontrolling interest $ 238.1 $ 174.7
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 158.7 155.2
Amortization 75.6 79.5
Deferred income taxes (18.0) (15.7)
Share-based compensation expense 31.4 28.2
Pension and postretirement plan contributions (14.6) (17.3)
Pension and postretirement plan (income) expense, net 2.6 (0.8)
Restructuring charges, net of cash paid (27.3) (9.0)
Other, net 2.3  
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable 41.0 (29.6)
Inventories 70.6 (94.8)
Other assets 3.5 (127.2)
Accounts payable (268.5) 25.5
Other liabilities (97.2) 1.4
Cash provided by operating activities 198.2 170.1
INVESTING ACTIVITIES    
Capital expenditures (173.7) (148.7)
Property and other assets sold 4.8 0.3
Other, net (20.5) 19.2
Cash used for investing activities (189.4) (129.2)
FINANCING ACTIVITIES    
Net issuances of commercial paper and notes payable 5.5 82.1
Reacquired shares (10.6) (262.1)
Dividends paid (157.7) (154.0)
Exercise of employee stock options 15.5 9.2
Hedge settlements (18.4)  
Other, net (0.7) 19.5
Cash used for financing activities (166.4) (305.3)
Effect of exchange rate changes on cash and cash equivalents (21.6) 3.9
Decrease in cash and cash equivalents (179.2) (260.5)
Cash and cash equivalents, beginning of period 598.6 359.9
Cash and cash equivalents, end of period $ 419.4 $ 99.4