XML 19 R6.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net income (loss) including noncontrolling interests $ 850.9 $ 403.3
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Depreciation and amortization 508.6 515.6
Amortization of debt issuance costs and discounts 4.4 6.2
Share-based compensation 34.1 25.7
(Gain) loss on sale or impairment of properties and other assets, net 8.2 16.8
Unrealized (gain) loss on foreign currency fluctuations and derivative instruments, net 84.6 217.7
Equity (income) loss (12.8) (3.7)
Income tax (benefit) expense 236.1 98.3
Income tax (paid) received (170.1) (71.2)
Interest expense, excluding amortization of debt issuance costs and discounts 174.0 185.0
Interest paid (201.5) (211.5)
Change in current assets and liabilities and other 88.0 (64.7)
Net cash provided by (used in) operating activities 1,604.5 1,117.5
Cash flows from investing activities    
Additions to properties (494.1) (530.7)
Proceeds from sales of properties and other assets 7.3 22.1
Acquisition of business, net of cash acquired (63.9) 0.0
Other (117.8) 3.7
Net cash provided by (used in) investing activities (668.5) (504.9)
Cash flows from financing activities    
Exercise of stock options under equity compensation plans 7.7 2.5
Dividends paid (266.7) (247.1)
Payments for purchases of treasury stock (60.9) (38.8)
Payments on debt and borrowings (402.9) (507.3)
Proceeds on debt and borrowings 7.0 7.0
Net proceeds from (payments on) revolving credit facilities and commercial paper 0.0 121.1
Other (12.8) (10.2)
Net cash provided by (used in) financing activities (728.6) (672.8)
Effect of foreign exchange rate changes on cash and cash equivalents (5.7) (52.0)
Net increase (decrease) in cash and cash equivalents 201.7 (112.2)
Balance at beginning of year 600.0 637.4
Balance at end of period $ 801.7 $ 525.2