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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating Activities      
Net earnings $ 1,078.1 $ 913.1 $ 934.9
Adjustments to reconcile net earnings to net cash provided by operating activities      
Depreciation, depletion, accretion and amortization 748.5 632.2 617.0
Noncash operating lease expense 54.2 51.4 53.9
Net gain on sale of property, plant & equipment and businesses (52.4) (52.3) (76.4)
Loss on impairments 0.0 86.6 28.3
Contributions to pension plans (14.6) (8.7) (7.4)
Share-based compensation expense 63.1 53.4 63.2
Deferred income taxes, net 26.1 (9.4) (43.3)
(Increase) decrease in assets excluding the initial effects of business acquisitions and dispositions      
Accounts and notes receivable 3.8 63.2 28.2
Inventories (15.5) (27.4) (54.6)
Other assets (51.7) (93.0) 27.8
Increase (decrease) in liabilities excluding the initial effects of business acquisitions and dispositions      
Accrued interest and income taxes (7.3) (6.8) 18.8
Trade payables and other accruals 75.7 (193.0) (25.1)
Other noncurrent liabilities (103.7) (20.4) (42.4)
Other, net 8.7 20.7 13.9
Net cash provided by operating activities 1,813.0 1,409.6 1,536.8
Investing Activities      
Purchases of property, plant & equipment (677.7) (603.5) (872.6)
Proceeds from sale of property, plant & equipment 24.1 54.7 94.6
Proceeds from sale of businesses 127.4 0.2 613.6
Payment for businesses acquired, net of acquired cash and adjustments (13.5) (2,266.2) 0.9
Other, net 10.5 (0.1) (0.0)
Net cash used for investing activities (529.2) (2,814.9) (163.5)
Financing Activities      
Proceeds from short-term debt 0.0 8.0 166.1
Payment of short-term debt (550.0) (8.0) (266.1)
Payment of current maturities and long-term debt (400.5) (550.5) (550.5)
Proceeds from issuance of long-term debt 0.0 2,000.0 550.0
Debt issuance and exchange costs (0.0) (31.6) (3.4)
Payment of finance leases (10.9) (13.0) (30.8)
Purchases of common stock (438.4) (68.8) (200.0)
Dividends paid (259.8) (244.4) (228.4)
Share-based compensation, shares withheld for taxes (34.0) (33.0) (21.9)
Distribution to noncontrolling interest (1.5) (1.8) (0.8)
Other, net (0.1) 0.0 0.2
Net cash provided by (used for) financing activities (1,695.2) 1,056.9 (585.6)
Net increase (decrease) in cash and cash equivalents and restricted cash (411.4) (348.4) 787.7
Cash and cash equivalents and restricted cash at beginning of year 600.8 949.2 161.5
Cash and cash equivalents and restricted cash at end of year $ 189.4 $ 600.8 $ 949.2