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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES        
Net income $ 260.9 $ 404.4 $ 477.1 $ 793.6
Adjustments to reconcile net earnings to net cash provided from operating activities:        
Depreciation, amortization and depletion 193.8 198.8 386.8 380.4
Equity earnings of affiliate, net of dividends received 0.2 1.8 (0.8) 0.6
Loss on foreign currency transaction effect (0.8) 7.1 (28.9) 9.4
(Benefit) provision for deferred income taxes (18.8) 11.4 (11.3) 50.2
Other, net 4.1 3.8 11.0 7.4
Change in operating assets and liabilities:        
(Increase) decrease in accounts receivable (144.3) 89.5 (21.0) 35.3
Decrease (increase) in inventories 86.0 (56.8) 156.4 (64.2)
(Decrease) in accounts payable and accrued liabilities (66.6) (195.7) (169.0) (328.6)
(Increase) decrease in other operating assets and liabilities 104.8 (50.2) 94.2 (98.8)
Net cash provided by operating activities 419.3 414.1 894.5 785.3
INVESTING ACTIVITIES        
Capital expenditures (113.3) (180.4) (214.3) (353.5)
Proceeds from sale (purchase) of short-term investments, net 10.1 94.7 50.0 95.0
Other   0.1 0.4 0.1
Net cash used in investing activities (103.2) (85.6) (163.9) (258.4)
FINANCING ACTIVITIES        
Repayments of debt (400.0)   (400.0)  
Capitalization of debt issuance cost     0.1  
Cash dividends paid to common stockholders (154.6) (309.3) (463.8) (618.5)
SCC shareholder derivative lawsuit - received from AMC       36.5
SCC shareholder derivative lawsuit - dividend paid       (36.5)
Other, net (0.2) 0.3 (2.5) 0.3
Net cash used in financing activities (554.8) (309.0) (866.2) (618.2)
Effect of exchange rate changes on cash and cash equivalents (4.1) (4.3) 19.3 (1.1)
(Decrease) increase in cash and cash equivalents (242.8) 15.2 (116.3) (92.4)
Cash and cash equivalents, at beginning of year 2,051.6 737.0 1,925.1 844.6
Cash and cash equivalents, at end of year $ 1,808.8 $ 752.2 $ 1,808.8 $ 752.2