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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating Activities      
Net income $ 883,259,000 $ 2,221,239,000 $ 1,861,787,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 503,701,000 455,255,000 419,815,000
Stock-based compensation expense 65,460,000 44,414,000 81,021,000
Deferred income taxes 122,293,000 73,235,000 16,233,000
Goodwill impairment charges 6,403,000 0 0
Write-down of equity investments 24,483,000 243,311,000 210,484,000
Unrealized losses (gains) on derivative contracts 530,445,000 (513,800,000) 0
Other 101,227,000 76,604,000 103,287,000
Changes in assets and liabilities, net of business acquisitions and divestitures:      
Accounts receivable—trade, net 98,968,000 4,456,000 (102,080,000)
Inventories (133,320,000) 68,831,000 (157,153,000)
Prepaid expenses and other current assets (153,534,000) (89,809,000) (22,444,000)
Accounts payable and accrued liabilities 163,495,000 28,901,000 50,234,000
Accrued income taxes 82,195,000 (17,093,000) (32,481,000)
Contributions to pension and other benefit plans (15,667,000) (15,599,000) (27,581,000)
Other assets and liabilities (2,041,000) (48,349,000) (77,932,000)
Net cash provided by operating activities 2,277,367,000 2,531,596,000 2,323,190,000
Investing Activities      
Capital additions (including software) (454,622,000) (605,942,000) (771,109,000)
Receipts (payments) related to equity investments in tax credit qualifying partnerships 11,878,000 (285,499,000) (256,815,000)
Business acquisitions, net of cash and cash equivalents acquired (756,135,000) (75,500,000) (165,818,000)
Purchase of intangible assets (73,597,000) 0 0
Other investing activities (6,241,000) 6,627,000 (4,934,000)
Net cash used in investing activities (1,278,717,000) (960,314,000) (1,198,676,000)
Financing Activities      
Net (decrease) increase in short-term debt (1,098,731,000) 607,006,000 26,049,000
Long-term borrowings, net of debt issuance costs 1,984,545,000 0 744,092,000
Repayment of long-term debt and finance leases (606,393,000) (306,359,000) (755,414,000)
Cash dividends paid (1,085,296,000) (1,084,802,000) (889,071,000)
Repurchase of common stock 0 (494,191,000) (264,913,000)
Exercise of stock options 21,297,000 14,663,000 26,015,000
Payment, Tax Withholding, Share-Based Payment Arrangement (18,779,000) (32,818,000) (35,009,000)
Net cash used in financing activities (803,357,000) (1,296,501,000) (1,148,251,000)
Effect of exchange rate changes on cash and cash equivalents (180,000) 54,063,000 (38,250,000)
Net (decrease) increase in cash and cash equivalents 195,113,000 328,844,000 (61,987,000)
Cash and cash equivalents, beginning of period 730,746,000 401,902,000 463,889,000
Cash and cash equivalents, end of period 925,859,000 730,746,000 401,902,000
Supplemental Disclosure      
Interest paid 195,927,000 179,777,000 160,729,000
Income taxes paid $ 140,616,000 $ 201,799,000 $ 303,942,000