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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating Activities:    
Net earnings $ 811,881 $ 1,261,143
Adjustments to reconcile net earnings to cash provided by operating activities:    
Loss (earnings) from discontinued operations, net 10,782 (99,558)
Depreciation and amortization 280,262 251,179
Stock-based compensation expense 37,605 32,297
Gain on dispositions (4,644) (597,913)
Other, net (19,255) (36,033)
Cash effect of changes in assets and liabilities:    
Accounts receivable, net (33,816) (5,960)
Inventories (95,567) (36,936)
Prepaid expenses and other assets (9,677) (19,780)
Accounts payable (26,309) (60,549)
Accrued compensation and employee benefits (74,687) (30,322)
Accrued expenses and other liabilities (24,485) 31,174
Accrued and deferred taxes, net (58,031) (39,861)
Net cash provided by operating activities 794,059 648,881
Investing Activities:    
Additions to property, plant and equipment (163,274) (113,626)
Acquisitions, net of cash and cash equivalents acquired (663,194) (602,654)
Proceeds from dispositions, net of cash transferred 5,998 767,689
Other 5,843 11,710
Net cash (used in) provided by investing activities (814,627) 63,119
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 (88,987)
Dividends paid to stockholders (213,181) (212,367)
Payments to settle employee tax obligations on exercise of share-based awards (11,627) (13,731)
Other (14,924) (3,360)
Net cash used in financing activities (280,347) (818,445)
Cash Flows from Discontinued Operations:    
Net cash (used in) provided by operating activities of discontinued operations (1,551) 108,284
Net cash used in investing activities of discontinued operations (9,796) (14,359)
Net cash (used in) provided by discontinued operations (11,347) 93,925
Effect of exchange rate changes on cash and cash equivalents 20,189 (6,575)
Net decrease in cash and cash equivalents (292,073) (19,095)
Cash and cash equivalents at beginning of period [1] 1,844,877 415,861
Cash and cash equivalents at end of period $ 1,552,804 $ 396,766
[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.