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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flow From Operating Activities    
Net Income (Loss) $ 396.1 $ 601.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 59.8 52.8
Amortization expense 117.6 114.1
Deferred income taxes (92.0) (6.0)
Tradename and Other Asset Impairments 357.1 0.0
Equity in net earnings of affiliates (7.2) (8.1)
Distributions from unconsolidated affiliates 7.2 7.2
Non-cash compensation expense 50.6 51.5
Other 7.1 1.9
Change in assets and liabilities:    
Accounts receivable (25.9) (37.4)
Inventories (35.0) (24.5)
Other current assets 4.0 11.2
Accounts payable 88.0 (10.1)
Accrued expenses (42.3) 42.1
Income taxes payable (5.0) 9.3
Other operating assets and liabilities, net (16.2) (10.8)
Net Cash Provided By Operating Activities 863.9 795.1
Cash Flow From Investing Activities    
Additions to property, plant and equipment (125.2) (121.5)
Graphico acquisition (19.9) 0.0
Proceeds from sale of assets 6.6 0.0
Other 0.4 (6.9)
Net Cash Used In Investing Activities (138.1) (128.4)
Cash Flow From Financing Activities    
Long Term debt borrowings 0.4 0.0
Long-term debt (repayments) (200.6) (200.0)
Short-term debt (repayments), net of borrowings 0.0 (70.6)
Proceeds from stock options exercised 90.3 107.6
Payment of cash dividends (207.4) (199.9)
Deferred financing and other (1.0) (0.1)
Net Cash Used In Financing Activities (318.3) (363.0)
Effect of exchange rate changes on cash and cash equivalents 0.1 (0.7)
Net Change In Cash and Cash Equivalents 407.6 303.0
Cash and Cash Equivalents at Beginning of Period 344.5 270.3
Cash and Cash Equivalents at End of Period 752.1 573.3
Cash paid during the period for:    
Interest (net of amounts capitalized) 62.9 77.0
Income taxes 204.3 167.0
Supplemental disclosure of non-cash investing activities:    
Property, plant and equipment expenditures included in Accounts Payable $ 15.9 $ 47.1