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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating Activities:      
Net earnings $ 1,093,956 $ 2,697,126 $ 1,056,828
Adjustments to reconcile net earnings to cash provided by operating activities:      
Loss (earnings) from discontinued operations, net 3,473 (1,297,158) (112,964)
Depreciation and amortization 379,577 337,842 305,046
Stock-based compensation expense 43,981 40,359 30,766
Gain on dispositions (4,644) (597,798) 0
Provision for losses on accounts receivable (net of recoveries) 8,819 5,329 2,644
Deferred income taxes (29,199) (89,657) (99,286)
Employee benefit plan (benefit) expense (7,623) (9,946) 5,679
Other, net (14,974) 27,255 1,802
Cash effect of changes in assets and liabilities (excluding effects of acquisitions, dispositions and foreign exchange):      
Accounts receivable 49,405 (43,894) 100,393
Inventories (37,210) 4,418 141,747
Prepaid expenses and other assets (12,623) (26,938) 10,738
Accounts payable (15,643) 9,076 (114,198)
Accrued compensation and employee benefits (25,233) 39,243 1,488
Accrued expenses and other liabilities (65,806) 28,603 (78,218)
Accrued taxes (11,972) (23,245) (16,821)
Contributions to employee benefit plans (16,279) (12,782) (16,098)
Net cash provided by operating activities 1,338,005 1,087,833 1,219,546
Investing Activities:      
Additions to property, plant and equipment (220,263) (167,533) (183,406)
Acquisitions, net of cash and cash equivalents acquired (663,270) (635,269) (533,623)
Proceeds from dispositions, net of cash transferred 5,998 768,847 0
Other, net (9,059) 6,972 (686)
Net cash used in investing activities (886,594) (26,983) (717,715)
Financing Activities:      
Change in commercial paper and other short-term borrowings, net (639) (467,637) (267,490)
Proceeds from long-term debt 631,186 0 0
Repayment of long-term debt (400,000) 0 0
Dividends paid to stockholders (283,007) (283,117) (284,297)
Repurchase of common stock, including payment under accelerated share repurchase program (540,700) (500,000) 0
Payments to settle employee tax obligations on exercise of share-based awards (14,887) (16,603) (12,137)
Other, net (16,823) (4,316) (4,132)
Net cash used in financing activities (624,870) (1,271,673) (568,056)
Cash Flows from Discontinued Operations:      
Net cash (used in) provided by operating activities of discontinued operations (4,430) (339,454) 116,799
Net cash (used in) provided by investing activities of discontinued operations (9,796) 1,985,641 (8,915)
Net cash (used in) provided by discontinued operations (14,226) 1,646,187 107,884
Effect of exchange rate changes on cash and cash equivalents 19,616 (6,348) (6,666)
Net (decrease) increase in cash and cash equivalents, including cash held for sale (168,069) 1,429,016 34,993
Cash and cash equivalents at beginning of year, including cash held for sale 1,844,877 415,861 380,868
Cash and cash equivalents at end of year, including cash held for sale 1,676,808 1,844,877 415,861
Supplemental information - cash paid during the year for:      
Income taxes 307,068 907,791 332,192
Interest $ 103,892 $ 126,434 $ 126,704