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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:      
Consolidated Net Earnings $ 702.8 $ 721.1 $ 612.0
Adjustments to reconcile consolidated net earnings to net cash provided by operating activities:      
Depreciation, depletion and amortization 451.7 393.5 371.5
Stock-based compensation expense 43.0 30.0 34.1
Gains on divestitures and sales of assets (21.7) (73.0) (3.1)
Deferred income taxes, net 92.2 43.8 29.4
Other items, net (14.9) 2.1 8.6
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:      
Accounts receivable, net (194.4) 6.1 (50.4)
Inventories, net 73.2 (19.3) (27.7)
Accounts payable 109.8 (34.0) 25.9
Other assets and liabilities, net (104.0) (20.2) (34.2)
Net Cash Provided by Operating Activities 1,137.7 1,050.1 966.1
Cash Flows from Investing Activities:      
Additions to property, plant and equipment (423.1) (359.7) (393.5)
Acquisitions, net of cash acquired (3,109.2) (65.1)  
Proceeds from divestitures and sales of assets 42.8 142.3 8.4
Investments in life insurance contracts, net 14.9 (111.2) 0.6
Other investing activities, net   (16.0) (1.4)
Net Cash Used for Investing Activities (3,474.6) (409.7) (385.9)
Cash Flows from Financing Activities:      
Borrowings of long-term debt 2,896.7 628.1 625.0
Repayments of long-term debt (420.1) (777.1) (975.1)
Debt issuance costs (7.5) (2.0)  
Payments on finance lease obligations (11.1) (3.5) (11.0)
Dividends paid (147.8) (140.3) (129.8)
Repurchases of common stock   (50.0) (98.2)
Distributions to owners of noncontrolling interest (0.6)   (0.6)
Proceeds from exercise of stock options 1.3 2.3 13.7
Shares withheld for employees’ income tax obligations (19.5) (14.5) (28.1)
Net Cash Provided by (Used for) Financing Activities 2,291.4 (357.0) (604.1)
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (45.5) 283.4 (23.9)
Cash, Cash Equivalents and Restricted Cash, beginning of year 304.4 21.0 44.9
Cash, Cash Equivalents and Restricted Cash, end of year $ 258.9 $ 304.4 $ 21.0