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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 earnings $ 406.1 $ 422.2 $ 376.9
Non-cash items:      
Depreciation expense 51.1 47.4 43.8
Amortization of acquisition-related intangible assets 74.1 79.7 81.2
Stock-based compensation expense 30.1 31.6 31.5
Gain on sale of businesses (3.5) (37.2) (34.4)
Change in deferred income taxes 2.8 (32.8) (47.3)
Other non-cash items 6.8 3.3 3.4
Change in accounts receivable, net (132.0) (203.9) (148.1)
Change in inventories 10.9 (48.5) 48.9
Change in long-term financing receivables, net 142.4 147.9 141.2
Change in trade accounts payable (24.3) 14.9 (66.8)
Change in other operating assets and liabilities (53.5) 2.9 24.7
Net cash provided by operating activities 511.0 427.5 455.0
Cash flows from investing activities:      
Proceeds from sale of businesses, net of cash provided 50.4 68.4 107.5
Cash paid for acquisitions (10.9) 0.0 0.0
Payments for additions to property, plant and equipment (69.9) (82.7) (60.1)
Proceeds from sale of property, plant and equipment 0.4 5.6 4.5
Cash paid for equity investments (1.8) (2.9) (3.0)
Proceeds from sale of equity investments 11.1 0.2 20.4
Net cash (used in) provided by investing activities (20.7) (11.4) 69.3
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 83.3 0.0 0.0
Repayment of long-term debt (133.3) (150.0) (300.0)
Net proceeds from (repayments of) short-term borrowings 0.2 (4.5) 1.9
Payments for debt issuance costs (2.3) 0.0 0.0
Payments of common stock cash dividend (14.7) (15.2) (15.5)
Purchases of treasury stock (300.2) (224.7) (74.7)
Proceeds from stock option exercises 10.0 17.0 10.4
Other financing activities (14.3) (14.9) (9.9)
Net cash used in financing activities (371.3) (392.3) (387.8)
Effect of exchange rate changes on cash and cash equivalents 16.8 (8.3) (0.1)
Net change in cash and cash equivalents 135.8 15.5 136.4
Beginning balance of cash and cash equivalents 356.4 340.9 204.5
Ending balance of cash and cash equivalents $ 492.2 $ 356.4 $ 340.9