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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flow From Operating Activities    
Net Income $ 203.2 $ 204.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 16.9 16.6
Amortization expense 38.0 37.1
Deferred income taxes (1.6) (1.0)
Equity in net earnings of affiliates (4.4) (2.4)
Distributions from unconsolidated affiliates 3.3 0.8
Non-cash compensation expense 25.8 2.9
Other 1.0 (1.5)
Change in assets and liabilities:    
Accounts receivable (2.4) (1.8)
Inventories (4.8) (63.7)
Other current assets 0.7 3.1
Accounts payable and accrued expenses (62.0) (95.2)
Income taxes payable 57.7 57.6
Other operating assets and liabilities, net 1.7 (4.1)
Net Cash Provided By Operating Activities 273.1 152.8
Cash Flow From Investing Activities    
Additions to property, plant and equipment (25.0) (15.6)
Other (4.6) (0.1)
Net Cash Used In Investing Activities (29.6) (15.7)
Cash Flow From Financing Activities    
Long-term debt (repayments) (200.0) (0.0)
Short-term debt (repayments), net of borrowings (55.6) (149.9)
Proceeds from stock options exercised 10.2 11.0
Payment of cash dividends (66.3) (63.7)
Net Cash Used In Financing Activities (311.7) (202.6)
Effect of exchange rate changes on cash and cash equivalents 0.7 (0.7)
Net Change In Cash and Cash Equivalents (67.5) (66.2)
Cash and Cash Equivalents at Beginning of Period 270.3 240.6
Cash and Cash Equivalents at End of Period 202.8 174.4
Cash paid during the period for:    
Interest (net of amounts capitalized) 21.3 19.7
Income taxes 9.4 5.2
Supplemental disclosure of non-cash investing activities:    
Property, plant and equipment expenditures included in Accounts Payable $ 16.5 $ 13.1