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Condensed Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities    
Net income $ 1,130.3 $ 990.1
Adjustments to reconcile net income to net cash and cash equivalents provided by (used for) operating activities:    
Stock-based compensation 10.4 5.0
Gains on disposition of property, plant and equipment (13.0) 0.0
Loss on debt extinguishment 0.0 47.6
Depreciation and amortization 450.3 432.4
Deferred income taxes (3.7) (25.2)
Qualified pension plan contributions (0.9) (1.0)
Qualified pension plan income (24.7) (20.8)
Change in:    
Receivables (25.8) (291.6)
Income taxes receivable/payable 75.5 64.8
Inventories (102.9) (161.8)
Other current assets 5.8 18.4
Accounts payable and accrued liabilities 31.7 157.9
Other assets (17.5) (9.2)
Other noncurrent liabilities (9.1) 41.3
Other operating activities 3.3 3.8
Net operating activities 1,509.7 1,251.7
Investing Activities    
Capital expenditures (168.4) (135.8)
Proceeds from disposition of property, plant and equipment 14.9 0.0
Net investing activities (153.5) (135.8)
Long-term debt:    
Borrowings 215.0 390.0
Repayments (415.9) (1,241.1)
Debt early redemption premiums 0.0 (37.7)
Common stock repurchased and retired (1,100.6) (68.3)
Stock options exercised 21.3 58.3
Dividends paid (89.4) (95.8)
Debt issuance costs 0.0 (3.8)
Net financing activities (1,369.6) (998.4)
Effect of exchange rate changes on cash and cash equivalents (3.5) (1.1)
Net (decrease) increase in cash and cash equivalents (16.9) 116.4
Cash and cash equivalents, beginning of year 180.5 189.7
Cash and cash equivalents, end of period 163.6 306.1
Cash paid for interest and income taxes:    
Interest, net 122.1 218.2
Income taxes, net of refunds 213.0 104.5
Non-cash investing activities:    
Decrease in capital expenditures included in accounts payable and accrued liabilities $ 12.0 $ 29.8