XML 18 R8.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 397,900,000 $ 370,200,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale from previous dispositions 0 1,600,000
Income from equity method investments (3,300,000) (3,700,000)
Provision for credit losses 800,000 3,400,000
Unrealized (gains) losses, net on derivative contracts (300,000) 500,000
Stock-based compensation expense 14,500,000 13,300,000
Depreciation and amortization 52,400,000 49,200,000
Deferred income taxes (10,700,000) (13,400,000)
Pension expense 2,100,000 2,000,000.0
Pension contributions (600,000) (5,100,000)
Other items, net 0 (100,000)
Changes in assets and liabilities, net of effects of acquisitions and divestitures:    
Accounts and notes receivable (205,900,000) (270,800,000)
Inventories (293,000,000.0) (78,900,000)
Other current assets 4,400,000 (2,500,000)
Accounts payable 88,200,000 76,200,000
Accrued expenses (52,700,000) (22,100,000)
Income taxes payable and receivable, net 55,200,000 40,100,000
Leases, net 4,400,000 1,800,000
Other, net (2,400,000) 2,700,000
Net cash provided by operating activities 51,000,000.0 161,200,000
Cash flows from investing activities:    
Proceeds from the disposal of property, plant and equipment 900,000 1,100,000
Purchases of property, plant and equipment (54,000,000.0) (62,200,000)
Net proceeds from previous disposition 0 4,100,000
Acquisitions, net of cash 0 1,800,000
Proceeds from (purchases of) investments and other 1,500,000 (2,000,000.0)
Net cash used in investing activities (51,600,000) (57,200,000)
Cash flows from financing activities:    
Commercial paper borrowings 141,100,000 374,000,000.0
Commercial paper payments (112,100,000) (377,000,000.0)
Borrowings from debt arrangements 0 156,700,000
Payments on debt arrangements (9,200,000) (186,600,000)
Payments of Financing Costs (1,700,000) 0
Proceeds from employee stock purchases 2,600,000 2,000,000.0
Repurchases of common stock (294,800,000) 0
Repurchases of common stock to satisfy employee withholding tax obligations (12,400,000) (9,100,000)
Cash dividends paid (81,700,000) (78,300,000)
Net cash used in financing activities (368,200,000) (118,300,000)
Decrease in cash and cash equivalents (368,800,000) (14,300,000)
Effect of exchange rates on cash and cash equivalents 2,900,000 1,200,000
Cash and cash equivalents, beginning of period 415,100,000 60,700,000
Cash and cash equivalents, end of period 49,200,000 47,600,000
Supplemental disclosures of cash flow information:    
Interest paid 19,600,000 25,600,000
Income taxes paid (net of refunds) $ 44,000,000.0 $ 60,200,000