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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES    
Net earnings $ 257.1 $ 297.0
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 82.9 87.4
Amortization of intangibles and supply agreements 51.4 53.4
Increase (decrease) in provision for losses on accounts and notes receivable 2.1 (2.3)
Writedown of inventories 9.0 10.8
Net gain from sales of assets and businesses (1.6) (29.5)
Deferred income tax (benefit) expense (12.4) 0.8
Stock-based compensation 25.0 28.4
Other, net (4.3) 2.3
Increases/decreases in, excluding effects from acquisitions and divestitures:    
Accounts and other receivables (108.7) (124.6)
Inventories 16.4 (278.3)
Other current assets (3.2) (10.8)
Accounts payable (97.8) 55.9
Accrued expenses and other current liabilities (21.6) (10.1)
NET CASH PROVIDED BY OPERATING ACTIVITIES 194.3 80.4
INVESTING ACTIVITIES    
Additions to property, plant and equipment (65.5) (75.8)
Purchases of companies, net of cash acquired (62.5) (152.3)
Proceeds from sales of assets and businesses 3.0 38.6
Other, net (0.4) 0.6
NET CASH USED FOR INVESTING ACTIVITIES (125.4) (188.9)
FINANCING ACTIVITIES    
Additions to long-term debt 2.0 0.0
Payments on long-term debt (300.9) (306.6)
Change in commercial paper and short-term debt 351.8 471.5
Dividends paid (170.8) (162.3)
Issuances of common stock 0.0 3.1
Purchases of common stock (60.3) (9.7)
Other, net (1.1) (1.2)
NET CASH USED FOR FINANCING ACTIVITIES (179.3) (5.2)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (25.1) (0.5)
DECREASE IN CASH AND CASH EQUIVALENTS (135.5) (114.2)
CASH AND CASH EQUIVALENTS—January 1, 361.7 348.9
CASH AND CASH EQUIVALENTS—September 30, $ 226.2 $ 234.7