XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES    
Net earnings $ 90.4 $ 87.5
Adjustments to reconcile net earnings to net cash provided by (used for) operating activities:    
Depreciation 28.2 29.1
Amortization of intangibles and supply agreements 17.5 17.0
Increase (decrease) in provision for losses on accounts and notes receivable 1.4 (3.3)
Writedown of inventories 3.2 2.9
Net gain from sales of assets and businesses (0.7) 0.0
Deferred income tax expense 2.0 0.8
Stock-based compensation 12.9 12.4
Other, net (1.5) (4.5)
Increases/decreases in, excluding effects from acquisitions and divestitures:    
Accounts and other receivables (57.8) (34.8)
Inventories (58.3) (107.2)
Other current assets (1.2) 3.2
Accounts payable 11.4 (12.7)
Accrued expenses and other current liabilities (8.5) (1.0)
NET CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES 39.0 (10.6)
INVESTING ACTIVITIES    
Additions to property, plant and equipment (18.7) (24.0)
Purchases of companies, net of cash acquired 0.0 (27.3)
Proceeds from sales of assets and businesses 2.4 0.0
Other, net 0.0 1.4
NET CASH USED FOR INVESTING ACTIVITIES (16.3) (49.9)
FINANCING ACTIVITIES    
Payments on long-term debt (0.1) (12.6)
Change in commercial paper and short-term debt 21.0 121.8
Dividends paid (56.0) (53.0)
Issuances of common stock 0.0 2.0
Purchases of common stock (21.6) (8.7)
Other, net (0.4) (0.4)
NET CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES (57.1) 49.1
EFFECT OF EXCHANGE RATE CHANGES ON CASH 0.0 (3.7)
DECREASE IN CASH AND CASH EQUIVALENTS (34.4) (15.1)
CASH AND CASH EQUIVALENTS—January 1, 361.7 348.9
CASH AND CASH EQUIVALENTS—March 31, $ 327.3 $ 333.8