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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES    
Net earnings $ 45.7 $ 61.1
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 30.1 29.1
Amortization of intangibles and supply agreements 17.4 17.2
Impairments 3.5 2.9
Provision for losses on accounts and notes receivable 19.8 0.9
Writedown of inventories 3.1 4.7
Deferred income tax (benefit) expense (15.1) 3.8
Stock-based compensation 7.5 7.8
Other, net 7.8 (3.3)
Increases/decreases in, excluding effects from acquisitions and divestitures:    
Accounts and other receivables (7.1) (17.4)
Inventories (34.3) 13.9
Other current assets (3.4) (2.9)
Accounts payable (27.8) (67.1)
Accrued expenses and other current liabilities (36.8) (19.3)
NET CASH PROVIDED BY OPERATING ACTIVITIES 10.4 31.4
INVESTING ACTIVITIES    
Additions to property, plant and equipment (24.2) (31.8)
Purchases of companies, net of cash acquired 0.0 (1,244.3)
Other, net 6.9 (1.1)
NET CASH USED FOR INVESTING ACTIVITIES (17.3) (1,277.2)
FINANCING ACTIVITIES    
Additions to long-term debt 0.0 993.3
Payments on long-term debt (12.5) (0.9)
Change in commercial paper and short-term debt 352.6 296.9
Dividends paid (52.7) (49.6)
Issuances of common stock 0.6 6.5
Purchases of common stock (8.2) (8.5)
Other, net (0.8) (1.0)
NET CASH PROVIDED BY FINANCING ACTIVITIES 279.0 1,236.7
EFFECT OF EXCHANGE RATE CHANGES ON CASH (13.9) 4.3
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 258.2 (4.8)
CASH AND CASH EQUIVALENTS—January 1, 247.6 268.1
CASH AND CASH EQUIVALENTS—March 31, $ 505.8 $ 263.3