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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net earnings $ 663.0 $ 612.2
Adjustments to reconcile net earnings to net cash provided by operating activities, net of acquisition:    
Depreciation of property and equipment 114.0 107.8
Gain on sale of property and equipment (1.1) (0.8)
Bad debt expense 5.8 4.9
Deferred income taxes 3.5 2.2
Stock-based compensation 4.3 4.3
Amortization of intangible assets 6.4 3.0
Changes in operating assets and liabilities, net of acquisition:    
Trade accounts receivable (98.8) (108.0)
Inventories 22.8 (76.9)
Other current assets 34.2 9.8
Accounts payable 17.6 21.6
Accrued expenses 6.7 0.5
Income taxes 2.1 8.6
Other 0.3 1.1
Net cash provided by operating activities 780.8 590.3
Cash flows from investing activities:    
Purchases of property and equipment (123.5) (184.3)
Proceeds from sale of property and equipment 8.6 5.0
Cash paid for acquisition (125.0) 0.0
Other 1.1 0.2
Net cash used in investing activities (238.8) (179.1)
Cash flows from financing activities:    
Proceeds from debt obligations 910.0 745.0
Payments against debt obligations (850.0) (800.0)
Proceeds from exercise of stock options 38.3 43.0
Purchases of common stock (52.0) 0.0
Payments of dividends (430.2) (372.3)
Net cash used in financing activities (383.9) (384.3)
Effect of exchange rate changes on cash and cash equivalents (1.2) (2.9)
Net increase in cash and cash equivalents 156.9 24.0
Cash and cash equivalents at beginning of period 174.9 167.2
Cash and cash equivalents at end of period 331.8 191.2
Supplemental information:    
Cash paid for interest 5.9 11.3
Net cash paid for income taxes 201.4 182.6
Leased assets obtained in exchange for new operating lease liabilities $ 76.1 $ 87.6