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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net income $ 805.8 $ 811.1 $ 591.2
Adjustments to reconcile net income to net cash provided by operating activities:      
Loss (gain) on sale from previous dispositions (0.9) 1.5 (14.1)
Impairment on net assets held for sale 0.0 0.0 63.2
Income from equity method investments (6.0) (7.9) (8.5)
Dividends from affiliates 6.6 3.0 0.5
Restructuring charges, net of cash paid 3.3 0.0 2.6
Provision for credit (gains) losses (1.9) 8.0 9.8
Unrealized losses (gains), net on derivative contracts 4.8 (2.3) 6.0
Stock-based compensation expense 29.1 28.5 30.1
Depreciation and amortization 112.5 95.1 86.0
Deferred income taxes 20.2 (23.2) (25.7)
Pension expense 4.3 4.2 3.2
Pension contributions (8.0) (9.3) (15.0)
Other items, net 0.0 0.0 (0.5)
Changes in assets and liabilities, net of effects of acquisitions and divestitures:      
Accounts and notes receivable 108.9 (80.4) (32.7)
Inventories (228.2) (15.6) 9.7
Other current assets (27.8) (8.3) 7.1
Accounts payable (74.2) 115.0 (29.2)
Accrued expenses (69.5) 30.4 65.0
Income taxes payable and receivable, net 58.6 (21.9) (24.1)
Leases, net 12.1 5.5 3.1
Other, net 7.9 12.3 8.5
Net cash provided by operating activities 757.6 945.7 736.2
Cash flows from investing activities:      
Proceeds from the disposal of property, plant and equipment 1.4 2.5 2.1
Purchases of property, plant and equipment (118.8) (163.6) (250.2)
Acquisitions, net of cash (545.0) 1.8 (94.9)
Net proceeds from previous disposition 0.0 (7.7) 23.2
Proceeds from (purchases of) investments and other 6.8 (7.4) 0.1
Net cash used in investing activities (655.6) (174.4) (319.7)
Cash flows from financing activities:      
Commercial paper borrowings 1,368.8 424.1 150.0
Commercial paper payments (1,142.8) (574.1) 0.0
Borrowings from debt arrangements 300.0 156.7 1,911.0
Payments on debt arrangements (18.9) (194.3) (2,797.4)
Issuance of senior unsecured notes 0.0 0.0 500.0
Payment of senior unsecured notes (300.0) 0.0 0.0
Proceeds from Long-term Lines of Credit 200.0 0.0 0.0
Repayments of Long-Term Lines of Credit (200.0) 0.0 0.0
Payments of deferred financing costs (2.3) 0.0 (5.4)
Proceeds from employee stock purchases 4.0 4.5 3.9
Repurchases of common stock (482.3) (53.6) 0.0
Repurchases of common stock to satisfy employee withholding tax obligations (19.2) (21.6) (14.9)
Cash dividends paid (173.0) (160.3) (153.4)
Net cash used in financing activities (465.7) (418.6) (406.2)
(Decrease) increase in cash, cash equivalents and restricted cash equivalents (363.7) 352.7 10.3
Effect of exchange rates on cash, cash equivalents and restricted cash equivalents 1.3 1.7 (2.2)
Cash, cash equivalents and restricted cash equivalents, beginning of year 415.1 60.7 52.6
Cash, cash equivalents and restricted cash equivalents, end of year 52.7 415.1 60.7
Cash paid during the period for:      
Interest paid 46.5 45.2 50.2
Income taxes paid (net of refunds) $ 103.8 $ 231.9 $ 197.8