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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities:    
Net earnings $ 509,885 $ 914,043
Adjustments to reconcile net earnings to cash provided by operating activities:    
Loss (earnings) from discontinued operations, net 9,486 (65,354)
Depreciation and amortization 181,801 164,511
Stock-based compensation expense 30,877 24,110
Gain on dispositions (4,644) (529,280)
Other, net (12,068) 42,095
Cash effect of changes in assets and liabilities:    
Accounts receivable, net (62,914) (134,650)
Inventories (77,568) (36,966)
Prepaid expenses and other assets 1,817 (20,490)
Accounts payable (7,485) 25,548
Accrued compensation and employee benefits (93,931) (53,450)
Accrued expenses and other liabilities (30,430) (8,338)
Accrued and deferred taxes, net (75,012) (26,142)
Net cash provided by operating activities 369,814 295,637
Investing Activities:    
Additions to property, plant and equipment (109,124) (75,872)
Acquisitions, net of cash and cash equivalents acquired (658,480) (144,872)
Proceeds from dispositions, net of cash transferred 5,998 674,727
Other 5,836 11,648
Net cash (used in) provided by investing activities (755,770) 465,631
Financing Activities:    
Repurchase of common stock, including accelerated share repurchase program (40,700) (500,000)
Change in commercial paper and other short-term borrowings, net 85 (257,811)
Dividends paid to stockholders (142,019) (141,644)
Payments to settle employee tax obligations on exercise of share-based awards (10,292) (9,910)
Other (13,543) (2,074)
Net cash used in financing activities (206,469) (911,439)
Cash Flows from Discontinued Operations:    
Net cash (used in) provided by operating activities of discontinued operations (255) 74,619
Net cash used in investing activities of discontinued operations (9,796) (7,615)
Net cash (used in) provided by discontinued operations (10,051) 67,004
Effect of exchange rate changes on cash and cash equivalents 22,492 (3,942)
Net decrease in cash and cash equivalents (579,984) (87,109)
Cash and cash equivalents at beginning of period [1] 1,844,877 415,861
Cash and cash equivalents at end of period $ 1,264,893 $ 328,752
[1] Cash held for sale as of December 31, 2023 totaled $17,300. There was no cash held for sale as of December 31, 2024.