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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES        
Net income $ 434.2 $ 936.4 $ 1,222.1 $ 1,703.6
Adjustments to reconcile net earnings to net cash provided from operating activities:        
Depreciation, amortization and depletion 209.0 195.4 405.6 396.0
Equity earnings of affiliate, net of dividends received 0.9 (5.1) (0.4) (9.1)
Loss (gain) on foreign currency transaction effect (3.9) 6.3 51.8 (13.4)
Provision (benefit) for deferred income taxes (11.8) 42.1 31.9 3.2
Other, net 7.8 5.2 17.4 11.9
Change in operating assets and liabilities:        
Decrease (increase) in accounts receivable 121.2 (203.4) 294.1 (366.7)
Decrease (increase) in inventories (47.3) (37.1) (88.8) 1.1
(Decrease) increase in accounts payable and accrued liabilities (218.7) 78.5 (743.7) 77.2
(Increase) decrease in other operating assets and liabilities (181.5) 43.2 (59.4) 40.4
Net cash provided by operating activities 309.9 1,061.5 1,130.6 1,844.2
INVESTING ACTIVITIES        
Capital expenditures (224.6) (219.8) (429.7) (452.4)
Proceeds from (purchase) sale of short-term investments, net 163.9 (129.9) 244.2 (135.0)
Other 0.1 (10.4)   (10.5)
Net cash used in investing activities (60.6) (360.1) (185.5) (597.9)
FINANCING ACTIVITIES        
Cash dividends paid to common stockholders (966.4) (541.1) (1,739.5) (1,005.0)
Other, net (2.0) (1.4) (3.7) (2.7)
Net cash used in financing activities (968.4) (542.5) (1,743.2) (1,007.7)
Effect of exchange rate changes on cash and cash equivalents (15.0) (31.9) (90.8) (27.9)
(Decrease) increase in cash and cash equivalents (734.1) 127.0 (888.9) 210.7
Cash and cash equivalents, at beginning of period 2,847.2 2,267.3 3,002.0 2,183.6
Cash and cash equivalents, at end of period $ 2,113.1 $ 2,394.3 $ 2,113.1 $ 2,394.3