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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities:        
Net earnings $ 2,697,126 $ 1,056,828 $ 1,065,376  
Adjustments to reconcile net earnings to cash provided by operating activities:        
Earnings from discontinued operations, net (1,297,158) (112,964) (75,464)  
Depreciation and amortization 337,842 305,046 295,660  
Stock-based compensation expense 40,359 30,766 30,075  
Gain on dispositions (597,798) 0 0  
Provision for losses on accounts receivable (net of recoveries) 5,329 2,644 5,499  
Deferred income taxes (89,657) (99,286) (28,138)  
Employee benefit plan (benefit) expense (9,946) 5,679 3,096  
Other, net 27,255 1,802 (18,208)  
Cash effect of changes in assets and liabilities (excluding effects of acquisitions, dispositions and foreign exchange):        
Accounts receivable (43,894) 100,393 (184,562)  
Inventories 4,418 141,747 (190,731)  
Prepaid expenses and other assets (26,938) 10,738 (5,348)  
Accounts payable 9,076 (114,198) 17,268  
Accrued compensation and employee benefits 39,243 1,488 (36,306)  
Accrued expenses and other liabilities 28,603 (78,218) (56,140)  
Accrued taxes (23,245) (16,821) (62,433)  
Contributions to employee benefit plans (12,782) (16,098) (12,890)  
Net cash provided by operating activities 1,087,833 1,219,546 746,754  
Investing Activities:        
Additions to property, plant and equipment (167,533) (183,406) (211,082)  
Acquisitions, net of cash and cash equivalents acquired (635,269) (533,623) (312,855)  
Proceeds from dispositions, net of cash transferred 768,847 0 0  
Other, net 6,972 (686) 3,093  
Net cash used in investing activities (26,983) (717,715) (520,844)  
Financing Activities:        
Change in commercial paper and other short-term borrowings, net (467,637) (267,490) 629,891  
Dividends paid to stockholders (283,117) (284,297) (287,551)  
Repurchase of common stock, including payment under accelerated share repurchase program (500,000) 0 (585,000)  
Payments to settle employee tax obligations on exercise of share-based awards (16,603) (12,137) (14,637)  
Other, net (4,316) (4,132) (2,968)  
Net cash used in financing activities (1,271,673) (568,056) (260,265)  
Cash Flows from Discontinued Operations:        
Net cash (used in) provided by operating activities of discontinued operations (339,454) 116,799 58,971  
Net cash provided by (used in) investing activities of discontinued operations 1,985,641 (8,915) (20,079)  
Net cash provided by discontinued operations 1,646,187 107,884 38,892  
Effect of exchange rate changes on cash and cash equivalents (6,348) (6,666) (9,173)  
Net increase (decrease) in cash and cash equivalents, including cash held for sale 1,429,016 34,993 (4,636)  
Cash and cash equivalents at beginning of year, including cash held for sale 415,861 380,868 385,504  
Cash and cash equivalents at end of year, including cash held for sale 1,844,877 415,861 380,868  
Supplemental information - cash paid during the year for:        
Income taxes 907,791 332,192 354,468  
Interest 126,434 126,704 112,469  
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations $ 0 $ 17,300 $ 0 $ 0