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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 income $ 65,945 $ 904,076 $ 1,316,524
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 538,023 407,978 350,529
Pension settlement 741,967 0 0
First Brands credit loss allowance 150,500 0 0
Deferred income taxes (256,951) (18,598) 42,114
Share-based compensation 48,847 40,693 57,226
Gains on sales of real estate (28,317) (43,049) 0
Other operating activities 11,097 47,473 (41,626)
Changes in operating assets and liabilities:      
Trade accounts receivable, net (77,397) (50,939) 31,989
Merchandise inventories, net (208,190) (440,549) (69,148)
Trade accounts payable (132,712) 512,347 2,038
Operating lease right-of-use asset 482,094 634,448 344,580
Other current and noncurrent assets (279,079) (122,864) (168,742)
Operating lease current and noncurrent liabilities (484,577) (662,641) (355,335)
Other current and noncurrent liabilities 319,512 42,876 (74,539)
Net cash provided by operating activities 890,762 1,251,251 1,435,610
Investing activities:      
Purchases of property, plant and equipment (469,838) (567,339) (512,675)
Proceeds from sale of property, plant and equipment 52,293 122,432 25,099
Acquisitions of businesses (318,291) (1,080,238) (306,881)
Proceeds from divestitures of businesses 914 1,631 10,754
Proceeds from sale of investment 0 0 80,482
Proceeds from settlement of net investment hedge 0 15,990 0
Other investing activities 23,335 0 (2,571)
Net cash used in investing activities (711,587) (1,507,524) (705,792)
Financing activities:      
Proceeds from debt 1,053,448 895,299 3,769,132
Payments on debt (1,002,015) (496,156) (3,237,959)
Net proceeds of commercial paper 342,791 0 0
Shares issued from employee incentive plans (16,671) (16,888) (24,145)
Dividends paid (563,842) (554,931) (526,674)
Purchase of stock 0 (149,999) (261,473)
Other financing activities (22,965) (11,261) (11,042)
Net cash used in financing activities (209,254) (333,936) (292,161)
Effect of exchange rate changes on cash and cash equivalents 27,267 (31,807) 10,887
Net (decrease) increase in cash and cash equivalents (2,812) (622,016) 448,544
Cash and cash equivalents at beginning of year 479,991 1,102,007 653,463
Cash and cash equivalents at end of year 477,179 479,991 1,102,007
Supplemental disclosures of cash flow information      
Income taxes 211,215 264,625 366,270
Interest $ 191,334 $ 124,977 $ 90,405