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Condensed Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income $ 815.1 $ 599.4
Adjustments to reconcile net income to net cash and cash equivalents provided by (used for) operating activities:    
Stock-based compensation 6.3 1.3
Loss on Debt Extinguishment 0.0 38.9
Depreciation and amortization 300.5 287.2
Deferred income taxes 31.9 (26.8)
Qualified pension plan contributions (0.8) (0.6)
Qualified pension plan income (16.3) (13.7)
Change in:    
Receivables (228.5) (274.5)
Income taxes receivable/payable 12.8 (22.6)
Inventories (90.4) (67.6)
Other current assets (16.1) 12.0
Accounts payable and accrued liabilities 138.6 143.6
Other assets 2.5 (2.5)
Other noncurrent liabilities 0.7 32.2
Other operating activities 2.9 1.3
Net operating activities 959.2 707.6
Investing Activities    
Capital expenditures (103.9) (86.4)
Net investing activities (103.9) (86.4)
Long-term debt:    
Borrowings 115.0 365.0
Repayments (115.5) (855.2)
Debt Early Redemption Premiums 0.0 (31.0)
Common stock repurchased and retired (689.7) 0.0
Stock options exercised 20.9 50.2
Dividends paid (60.9) (63.7)
Debt issuance costs 0.0 (3.1)
Net financing activities (730.2) (537.8)
Effect of exchange rate changes on cash and cash equivalents (1.0) (0.3)
Net increase in cash and cash equivalents 124.1 83.1
Cash and cash equivalents, beginning of year 180.5 189.7
Cash and cash equivalents, end of period 304.6 272.8
Cash paid for interest and income taxes:    
Interest, net 63.5 153.5
Income taxes, net of refunds 185.6 82.6
Non-cash investing activities:    
Decrease in capital expenditures included in accounts payable and accrued liabilities $ 15.3 $ 26.1