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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
OPERATING ACTIVITIES    
Net earnings $ 247.0 $ 253.0
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 87.9 77.4
Amortization of intangibles and supply agreements 56.8 23.6
Long-lived asset impairments 5.7 0.3
Provision for losses on accounts and notes receivable 2.3 1.9
Writedown of inventories 7.9 4.9
Net gain from sales of assets and businesses (4.8) (1.8)
Deferred income tax expense 5.5 2.0
Stock-based compensation 23.9 26.6
Pension expense (benefit), net of contributions 1.5 (18.7)
Other, net 3.5 3.4
Increases/decreases in, excluding effects from acquisitions and divestitures:    
Accounts and other receivables (45.4) (76.2)
Inventories 47.5 (45.8)
Other current assets (0.4) 0.9
Accounts payable (30.2) (0.6)
Accrued expenses and other current liabilities 7.9 0.2
NET CASH PROVIDED BY OPERATING ACTIVITIES 416.6 251.1
INVESTING ACTIVITIES    
Additions to property, plant and equipment (103.0) (122.6)
Purchases of companies, net of cash acquired (1,244.3) (107.9)
Proceeds from sales of assets and businesses 5.3 3.7
Other, net (7.5) (13.5)
NET CASH USED FOR INVESTING ACTIVITIES (1,349.5) (240.3)
FINANCING ACTIVITIES    
Additions to long-term debt 993.3 0.0
Payments on long-term debt (25.1) (152.3)
Change in commercial paper and short-term debt 106.3 251.8
Dividends paid (152.0) (144.2)
Issuances of common stock 7.4 4.3
Purchases of common stock (11.8) (112.2)
Additional consideration paid on prior year acquisitions (1.1) (8.6)
Other, net (2.6) 9.0
NET CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES 914.4 (152.2)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (7.6) (21.2)
DECREASE IN CASH AND CASH EQUIVALENTS (26.1) (162.6)
CASH AND CASH EQUIVALENTS—January 1, 268.1 526.1
CASH AND CASH EQUIVALENTS—September 30, $ 242.0 $ 363.5