XML 19 R6.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
OPERATING ACTIVITIES    
Net earnings $ 87.5 $ 44.1
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 29.1 30.1
Amortization of intangibles and supply agreements 17.0 17.4
Long-lived asset impairment 0.0 3.5
(Decrease) increase in provision for losses on accounts and notes receivable (3.3) 19.8
Writedown of inventories 2.9 3.9
Deferred income tax expense (benefit) 0.8 (15.6)
Stock-based compensation 12.4 7.5
Other, net (4.5) 7.8
Increases/decreases in, excluding effects from acquisitions and divestitures:    
Accounts and other receivables (34.8) (7.1)
Inventories (107.2) (33.0)
Other current assets 3.2 (3.4)
Accounts payable (12.7) (27.8)
Accrued expenses and other current liabilities (1.0) (36.8)
NET CASH (USED FOR) PROVIDED BY OPERATING ACTIVITIES (10.6) 10.4
INVESTING ACTIVITIES    
Additions to property, plant and equipment (24.0) (24.2)
Purchases of companies, net of cash acquired (27.3) 0.0
Other, net 1.4 6.9
NET CASH USED FOR INVESTING ACTIVITIES (49.9) (17.3)
FINANCING ACTIVITIES    
Payments on long-term debt (12.6) (12.5)
Change in commercial paper and short-term debt 121.8 352.6
Dividends paid (53.0) (52.7)
Issuances of common stock 2.0 0.6
Purchases of common stock (8.7) (8.2)
Other, net (0.4) (0.8)
NET CASH PROVIDED BY FINANCING ACTIVITIES 49.1 279.0
EFFECT OF EXCHANGE RATE CHANGES ON CASH (3.7) (13.9)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (15.1) 258.2
CASH AND CASH EQUIVALENTS—January 1, 348.9 247.6
CASH AND CASH EQUIVALENTS—March 31, $ 333.8 $ 505.8