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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES        
Net income $ 520.9 $ 871.2 $ 1,742.9 $ 2,574.8
Adjustments to reconcile net earnings to net cash provided from operating activities:        
Depreciation, amortization and depletion 192.0 203.4 597.6 599.4
Equity earnings of affiliate, net of dividends received 0.1 2.8 (0.3) (6.3)
Loss (gain) on foreign currency transaction effect 0.2 (36.6) 52.0 (50.0)
Provision (benefit) for deferred income taxes 52.6 (103.3) 84.5 (100.1)
Other, net 8.1 5.1 25.5 16.9
Change in operating assets and liabilities:        
(Increase)/ decrease in accounts receivable (1.2) (57.7) 292.9 (424.5)
Decrease/ (increase) in inventories 30.9 (9.5) (57.9) (8.3)
(Decrease)/ increase in accounts payable and accrued liabilities (24.9) 332.3 (768.6) 409.5
(Increase) / decrease in other operating assets and liabilities (188.6) 12.9 (248.0) 53.3
Net cash provided by operating activities 590.1 1,220.6 1,720.6 3,064.7
INVESTING ACTIVITIES        
Capital expenditures (227.9) (243.1) (657.6) (695.5)
Proceeds from (purchase) sale of short-term investments, net 242.3 (81.0) 486.6 (216.0)
Other   9.9   (0.6)
Net cash provided by (used in) investing activities 14.4 (314.2) (171.0) (912.1)
FINANCING ACTIVITIES        
Cash dividends paid to common stockholders (579.8) (695.8) (2,319.3) (1,700.8)
Other, net (0.3) (1.6) (4.0) (4.3)
Net cash (used in) provided by financing activities (580.1) (697.4) (2,323.3) (1,705.1)
Effect of exchange rate changes on cash and cash equivalents 47.0 (19.6) (43.8) (47.4)
Increase in cash and cash equivalents 71.4 189.4 (817.5) 400.1
Cash and cash equivalents, at beginning of period 2,113.1 2,394.3 3,002.0 2,183.6
Cash and cash equivalents, at end of period $ 2,184.5 $ 2,583.7 $ 2,184.5 $ 2,583.7