XML 19 R9.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Net income $ 449,272 $ 544,438
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 238,453 189,812
Share-based compensation 24,180 26,570
Excess tax deficiency (benefits) from share-based compensation 7,073 (8,233)
Other operating activities, including changes in operating assets and liabilities (549,863) (140,672)
Net cash provided by operating activities 169,115 611,915
Investing activities:    
Purchases of property, plant and equipment (248,822) (259,245)
Proceeds from sale of property, plant and equipment 19,451 73,645
Acquisitions of businesses (111,973) (581,141)
Other investing activities 23,394 4,715
Net cash used in investing activities (317,950) (762,026)
Financing activities:    
Proceeds from debt 21,405 16
Payments on debt (522,637) (104,355)
Net proceeds of commercial paper 916,587 99,706
Shares issued from employee incentive plans (15,254) (18,780)
Dividends paid (277,306) (272,021)
Purchases of stock 0 (74,999)
Other financing activities (20,268) (11,893)
Net cash provided by (used in) financing activities 102,527 (382,326)
Effect of exchange rate changes on cash and cash equivalents 24,310 (14,293)
Net decrease in cash and cash equivalents (21,998) (546,730)
Cash and cash equivalents at beginning of period 479,991 1,102,007
Cash and cash equivalents at end of period $ 457,993 $ 555,277