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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES        
Net income $ 508.1 $ 391.3 $ 985.2 $ 1,184.9
Adjustments to reconcile net earnings to net cash provided from operating activities:        
Depreciation, amortization and depletion 196.0 200.3 582.8 580.6
Equity earnings of affiliate, net of dividends received (3.1) (3.1) (3.9) (2.5)
Loss (gain) on foreign currency transaction effect 4.1 1.0 (24.8) 10.4
(Benefit) provision for deferred income taxes (45.9) (23.8) (57.2) 26.4
Other, net 4.2 3.7 15.2 11.2
Change in operating assets and liabilities:        
(Increase) decrease in accounts receivable (101.6) (54.9) (122.6) (19.7)
(Increase) decrease in inventories (0.6) (12.7) 155.8 (76.9)
Increase (decrease) in accounts payable and accrued liabilities 268.2 103.6 99.3 (225.0)
(Increase) decrease in other operating assets and liabilities (35.9) (20.2) 58.2 (118.9)
Net cash provided by operating activities 793.5 585.2 1,688.0 1,370.5
INVESTING ACTIVITIES        
Capital expenditures (134.5) (182.7) (348.8) (536.1)
Proceeds from sale of short-term investments, net   117.1 50.0 212.0
Other 0.8 0.1 1.2 0.2
Net cash used in investing activities (133.7) (65.5) (297.6) (323.9)
FINANCING ACTIVITIES        
Repayments of debt     (400.0)  
Proceeds from issuance of debt   987.3   987.3
Capitalization of debt issuance cost   (9.8) 0.1 (9.8)
Cash dividends paid to common stockholders (309.2) (309.2) (773.1) (927.7)
SCC shareholder derivative lawsuit - received from AMC       36.5
SCC shareholder derivative lawsuit - dividend paid       (36.5)
Other, net 0.3 (0.8) (2.1) (0.5)
Net cash (used in) provided by financing activities (308.9) 667.5 (1,175.1) 49.3
Effect of exchange rate changes on cash and cash equivalents (14.3) (4.2) 5.0 (5.3)
Increase in cash and cash equivalents 336.6 1,183.0 220.3 1,090.6
Cash and cash equivalents, at beginning of period 1,808.8 752.2 1,925.1 844.6
Cash and cash equivalents, at end of period $ 2,145.4 $ 1,935.2 $ 2,145.4 $ 1,935.2