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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities      
Net earnings $ 402,600,000 $ 253,100,000 $ 314,100,000
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 116,500,000 119,400,000 117,500,000
Amortization of intangibles and supply agreements 70,800,000 70,000,000.0 74,400,000
Long-lived asset impairment 0 4,000,000.0 7,800,000
Goodwill impairment 0 25,400,000 0
(Decrease) increase in provision for losses on accounts and notes receivable (3,400,000) 17,100,000 2,800,000
Writedown of inventories 13,700,000 13,600,000 15,100,000
Net gain from sales of assets and businesses (29,400,000) 0 (5,000,000.0)
Deferred income tax (benefit) expense (8,500,000) (20,900,000) 800,000
Stock-based compensation 34,200,000 29,200,000 33,000,000.0
Pension expense, net of contributions 1,100,000 1,900,000 4,300,000
Other, net 11,300,000 9,500,000 2,200,000
Increases/decreases in, excluding effects from acquisitions and divestitures:      
Accounts and other receivables (75,000,000.0) 24,300,000 53,000,000.0
Inventories (305,000,000.0) (31,900,000) 73,800,000
Other current assets (6,700,000) 4,800,000 (2,800,000)
Accounts payable 63,500,000 83,000,000.0 (39,400,000)
Accrued expenses and other current liabilities (14,400,000) 100,000 16,400,000
Net Cash Provided by Operating Activities 271,300,000 602,600,000 668,000,000.0
Investing Activities      
Additions to property, plant and equipment (106,600,000) (66,200,000) (143,100,000)
Purchases of companies, net of cash acquired (152,600,000) 0 (1,265,100,000)
Proceeds from sales of assets and businesses 38,500,000 14,800,000 5,500,000
Other, net (5,500,000) 2,400,000 (15,500,000)
Net Cash Used for Investing Activities (226,200,000) (49,000,000.0) (1,418,200,000)
Financing Activities      
Additions to long-term debt 492,800,000 0 993,300,000
Payments on long-term debt (306,600,000) (157,500,000) (37,600,000)
Change in commercial paper and short-term debt (1,300,000) (70,300,000) (8,700,000)
Dividends paid (218,300,000) (211,500,000) (204,600,000)
Issuances of common stock 3,500,000 1,500,000 9,300,000
Purchases of common stock (9,800,000) (10,600,000) (16,400,000)
Proceeds from interest rate treasury lock 10,200,000 0 0
Additional consideration paid for acquisitions (200,000) (8,400,000) (1,100,000)
Other, net (3,100,000) (4,900,000) (3,100,000)
Net Cash (Used for) Provided by Financing Activities (32,800,000) (461,700,000) 731,100,000
Effect of Exchange Rate Changes on Cash 500,000 9,400,000 (1,400,000)
Increase (Decrease) in Cash and Cash Equivalents 12,800,000 101,300,000 (20,500,000)
Cash and Cash Equivalents—Beginning of Year 348,900,000 247,600,000 268,100,000
Cash and Cash Equivalents—End of Year 361,700,000 348,900,000 247,600,000
Supplemental Information      
Interest paid (net of amounts capitalized) 66,600,000 74,800,000 77,300,000
Income taxes paid 126,800,000 108,600,000 84,200,000
Property, plant and equipment acquired through finance leases 1,900,000 1,800,000 2,100,000
Capital expenditures in accounts payable 4,300,000 7,100,000 6,800,000
Prepaid income taxes and taxes receivable (recovered) applied against the deemed repatriation tax liability $ 4,000,000.0 $ 1,200,000 $ (600,000)