XML 17 R6.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING ACTIVITIES    
Net earnings $ 61.1 $ 77.9
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 29.1 25.5
Amortization of intangibles and debt issuance costs 17.2 7.9
Long-lived asset impairments 2.9 0.2
Provision for losses on accounts and notes receivable 0.9 0.2
Writedown of inventories 4.7 1.8
Net gain from sales of assets and businesses (0.2) (0.2)
Deferred income tax expense 3.8 1.7
Stock-based compensation 7.8 8.7
Other, net (3.1) (1.7)
Increases/decreases in, excluding effects from acquisitions and divestitures:    
Accounts and other receivables (17.4) (39.2)
Inventories 13.9 (21.1)
Other current assets (2.9) (0.6)
Accounts payable (67.1) (7.9)
Accrued expenses and other current liabilities (19.3) (9.1)
NET CASH PROVIDED BY OPERATING ACTIVITIES 31.4 44.1
INVESTING ACTIVITIES    
Additions to property, plant and equipment (31.8) (40.3)
Purchases of companies, net of cash acquired (1,244.3) (85.8)
Proceeds from sales of assets and businesses 0.2 1.6
Other, net (1.3) (2.5)
NET CASH USED FOR INVESTING ACTIVITIES (1,277.2) (127.0)
FINANCING ACTIVITIES    
Additions to long-term debt 993.3 0.0
Payments on long-term debt (0.9) (1.0)
Change in commercial paper and short-term debt 296.9 144.8
Dividends paid (49.6) (47.5)
Issuances of common stock 6.5 0.3
Purchases of common stock (8.5) (55.2)
Other, net (1.0) (0.3)
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,236.7 41.1
EFFECT OF EXCHANGE RATE CHANGES ON CASH 4.3 10.3
DECREASE IN CASH AND CASH EQUIVALENTS (4.8) (31.5)
CASH AND CASH EQUIVALENTS—January 1, 268.1 526.1
CASH AND CASH EQUIVALENTS—March 31, $ 263.3 $ 494.6