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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net income (loss) $ 1,135.5 $ 671.3
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Amortization in interest expense 7.2 7.8
Compensation on equity grants 41.8 44.6
Depreciation and amortization expense 766.2 650.9
(Gain) loss on sale or disposition of assets (8.1) (1.7)
Write-downs of assets 3.7 5.0
Accretion of asset retirement obligations 3.5 3.0
Deferred income tax expense (benefit) 116.4 21.5
Equity (earnings) loss of unconsolidated affiliates (8.7) (38.9)
Distributions of earnings received from unconsolidated affiliates 11.0 64.5
Risk management activities 295.0 55.6
(Gain) loss from financing activities 49.6 16.6
(Gain) loss from sale of equity method investment (435.9)  
Changes in operating assets and liabilities, net of acquisitions:    
Receivables and other assets 79.4 (359.8)
Inventories (320.5) (128.0)
Accounts payable, accrued liabilities and other liabilities 144.8 839.1
Interest payable (37.6) (52.7)
Net cash provided by operating activities 1,843.3 1,798.8
Cash flows from investing activities    
Outlays for property, plant and equipment (815.4) (321.6)
Outlays for business acquisition, net of cash acquired (3,514.8)  
Outlays for asset acquisition, net of cash acquired (203.7)  
Proceeds from sale of assets 18.3 7.9
Investments in unconsolidated affiliates (1.5) (0.6)
Proceeds from sale of equity method investment 857.0  
Return of capital from unconsolidated affiliates 12.5 14.5
Other, net   0.2
Net cash provided by (used in) investing activities (3,647.6) (299.6)
Debt obligations:    
Proceeds from borrowings under credit facilities 5,305.0 620.0
Repayments of credit facilities (4,755.0) (1,455.0)
Proceeds from borrowings of commercial paper notes 8,584.8  
Repayments of commercial paper notes (7,952.8)  
Proceeds from borrowings under term loan facility 1,500.0  
Proceeds from borrowings under accounts receivable securitization facility 1,180.0 570.0
Repayments of accounts receivable securitization facility (580.0) (580.0)
Proceeds from issuance of senior notes 2,741.4 1,000.0
Redemption of senior notes (1,473.2) (1,132.0)
Principal payments of finance leases (10.8) (9.4)
Costs incurred in connection with financing arrangements (44.4) (9.6)
Repurchase of shares (227.9) (13.1)
Contributions from noncontrolling interests 13.9 13.2
Distributions to noncontrolling interests (252.0) (377.3)
Repurchase of noncontrolling interests (926.3)  
Redemption of Series A Preferred Stock (965.2)  
Dividends paid to common and Series A Preferred shareholders (298.8) (140.2)
Net cash provided by (used in) financing activities 1,838.7 (1,513.4)
Net change in cash and cash equivalents 34.4 (14.2)
Cash and cash equivalents, beginning of period 158.5 242.8
Cash and cash equivalents, end of period $ 192.9 $ 228.6