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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES    
Net earnings $ 144.5 $ 247.0
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 88.8 87.9
Amortization of intangibles and supply agreements 52.2 56.8
Long-lived asset impairments 4.0 5.7
Goodwill impairment 25.4 0.0
Provision for losses on accounts and notes receivable 19.4 2.3
Writedown of inventories 8.3 7.9
Deferred income tax (benefit) expense (12.6) 5.5
Stock-based compensation 20.6 23.9
Other, net 10.6 0.2
Increases/decreases in, excluding effects from acquisitions and divestitures:    
Accounts and other receivables (69.8) (45.4)
Inventories 38.5 47.5
Other current assets 6.4 (0.4)
Accounts payable 38.1 (30.2)
Accrued expenses and other current liabilities 9.4 7.9
NET CASH PROVIDED BY OPERATING ACTIVITIES 383.8 416.6
INVESTING ACTIVITIES    
Additions to property, plant and equipment (52.3) (103.0)
Purchases of companies, net of cash acquired 0.0 (1,244.3)
Proceeds from sales of assets and businesses 6.0 5.3
Other, net 7.7 (7.5)
NET CASH USED FOR INVESTING ACTIVITIES (38.6) (1,349.5)
FINANCING ACTIVITIES    
Additions to long-term debt 0.0 993.3
Payments on long-term debt (97.5) (25.1)
Change in commercial paper and short-term debt (67.2) 106.3
Dividends paid (158.5) (152.0)
Issuances of common stock 1.1 7.4
Purchases of common stock (10.1) (11.8)
Additional consideration paid on prior year acquisitions (8.4) (1.1)
Other, net (4.4) (2.6)
NET CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES (345.0) 914.4
EFFECT OF EXCHANGE RATE CHANGES ON CASH (2.8) (7.6)
DECREASE IN CASH AND CASH EQUIVALENTS (2.6) (26.1)
CASH AND CASH EQUIVALENTS—January 1, 247.6 268.1
CASH AND CASH EQUIVALENTS—September 30, $ 245.0 $ 242.0