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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 386.2 $ 403.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Income from equity method investments (0.6) (3.3)
Provision for credit losses 2.5 0.8
Unrealized losses (gains), net on derivative contracts 3.7 (0.3)
Stock-based compensation expense 12.1 14.5
Depreciation and amortization 61.8 52.4
Deferred income taxes 7.3 (8.8)
Pension expense 2.0 2.1
Pension contributions (0.5) (0.6)
Changes in assets and liabilities, net of effects of acquisitions and divestitures:    
Accounts and notes receivable (345.2) (205.9)
Inventories (7.0) (300.7)
Other current assets (7.8) 4.4
Accounts payable 93.5 88.2
Accrued expenses (5.0) (52.7)
Income taxes payable and receivable, net (20.4) 55.2
Leases, net 4.8 4.4
Other, net 0.7 (2.2)
Net cash provided by operating activities 188.1 51.0
Cash flows from investing activities:    
Proceeds from the disposal of property, plant and equipment 1.4 0.9
Purchases of property, plant and equipment (91.2) (54.0)
Acquisitions, net of cash (0.2) 0.0
(Purchases of) proceeds from investments and other (0.1) 1.5
Net cash used in investing activities (90.1) (51.6)
Cash flows from financing activities:    
Commercial paper borrowings 910.0 141.1
Commercial paper payments (724.0) (112.1)
Payments on debt arrangements (11.5) (9.2)
Payments of deferred financing costs 0.0 (1.7)
Proceeds from employee stock purchases 2.6 2.6
Repurchases of common stock (151.3) (294.8)
Repurchases of common stock to satisfy employee withholding tax obligations (11.4) (12.4)
Cash dividends paid (90.5) (81.7)
Net cash used in financing activities (76.1) (368.2)
Increase (decrease) in cash, cash equivalents and restricted cash 21.9 (368.8)
Effect of exchange rates on cash, cash equivalents and restricted cash equivalents (4.3) 2.9
Cash, cash equivalents and restricted cash, beginning of period 52.7 415.1
Cash, cash equivalents and restricted cash, end of period 70.3 49.2
Supplemental disclosures of cash flow information:    
Interest paid 32.0 19.6
Income taxes paid (net of refunds) $ 113.5 $ 44.0