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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES    
Net earnings (loss) $ 39.6 $ 147.4
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 59.2 58.4
Amortization of intangibles and supply agreements 34.8 37.9
Long-lived asset impairments 4.0 4.3
Goodwill impairment 25.4 0.0
Provision for losses on accounts and notes receivable 20.8 2.2
Writedown of inventories 6.3 6.6
Deferred income tax (benefit) expense (1.2) 7.9
Stock-based compensation 12.9 16.5
Other, net 8.1 (1.7)
Increases/decreases in, excluding effects from acquisitions and divestitures:    
Accounts and other receivables (13.2) (58.2)
Inventories 46.9 33.3
Other current assets 1.4 (4.5)
Accounts payable (89.9) (46.1)
Accrued expenses and other current liabilities (32.6) (0.3)
NET CASH PROVIDED BY OPERATING ACTIVITIES 122.5 203.7
INVESTING ACTIVITIES    
Additions to property, plant and equipment (43.0) (70.5)
Purchases of companies, net of cash acquired 0.0 (1,244.3)
Proceeds from sales of assets and businesses 3.6 2.0
Other, net 4.6 (7.7)
NET CASH USED FOR INVESTING ACTIVITIES (34.8) (1,320.5)
FINANCING ACTIVITIES    
Additions to long-term debt 0.0 993.3
Payments on long-term debt (25.0) (12.5)
Change in commercial paper and short-term debt 33.0 260.1
Dividends paid (105.6) (99.4)
Issuances of common stock 0.7 6.9
Purchases of common stock (8.3) (9.2)
Additional consideration paid on prior year acquisitions (8.4) (1.1)
Other, net (3.8) (1.7)
NET CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES (117.4) 1,136.4
EFFECT OF EXCHANGE RATE CHANGES ON CASH (9.1) 2.0
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (38.8) 21.6
CASH AND CASH EQUIVALENTS—January 1, 247.6 268.1
CASH AND CASH EQUIVALENTS—June 30, $ 208.8 $ 289.7