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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES    
Net earnings $ 147.4 $ 163.0
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 58.4 51.5
Amortization of intangibles and debt issuance costs 37.9 15.7
Long-lived asset impairments 4.3 0.2
Provision for losses on accounts and notes receivable 2.2 1.4
Writedown of inventories 6.6 3.1
Net gain from sales of assets and businesses (1.8) (1.7)
Deferred income tax expense 7.9 1.3
Stock-based compensation 16.5 19.2
Other, net 0.1 4.3
Increases/decreases in, excluding effects from acquisitions and divestitures:    
Accounts and other receivables (58.2) (86.3)
Inventories 33.3 (53.4)
Other current assets (4.5) (7.7)
Accounts payable (46.1) 19.9
Accrued expenses and other current liabilities (0.3) (5.9)
NET CASH PROVIDED BY OPERATING ACTIVITIES 203.7 124.6
INVESTING ACTIVITIES    
Additions to property, plant and equipment (70.5) (81.2)
Purchases of companies, net of cash acquired (1,244.3) (90.2)
Proceeds from sales of assets and businesses 2.0 1.9
Other, net (7.7) (2.9)
NET CASH USED FOR INVESTING ACTIVITIES (1,320.5) (172.4)
FINANCING ACTIVITIES    
Additions to long-term debt 993.3 0.0
Payments on long-term debt (12.5) (1.7)
Change in commercial paper and short-term debt 260.1 191.7
Payments on finance leases (1.5) 0.0
Dividends paid (99.4) (94.8)
Issuances of common stock 6.9 0.5
Purchases of common stock (9.2) (107.8)
Additional consideration paid on prior year acquisitions (1.1) (8.0)
Other, net (0.2) (0.2)
NET CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES 1,136.4 (20.3)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 2.0 (11.6)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 21.6 (79.7)
CASH AND CASH EQUIVALENTS—January 1, 268.1 526.1
CASH AND CASH EQUIVALENTS—June 30, $ 289.7 $ 446.4