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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities:      
Net income $ 1,029,800,000 $ 841,100,000 $ 461,000,000.0
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion, and amortization of intangibles 456,800,000 417,500,000 409,900,000
Amortization of deferred financing costs 2,100,000 4,400,000 2,600,000
Loss on early extinguishment of debt 0 56,100,000 0
Share-based compensation expense 35,600,000 35,500,000 30,000,000.0
Deferred income tax provision 86,000,000.0 59,400,000 34,700,000
Goodwill impairment 0 0 55,200,000
Net loss on asset disposals 15,200,000 6,100,000 6,800,000
Pension and post-retirement benefits expense, net of contributions (47,400,000) (50,500,000) (63,400,000)
Other, net 2,000,000.0 11,900,000 18,200,000
(Increase) decrease in assets -      
Accounts receivable 39,300,000 (227,200,000) 13,200,000
Inventories (75,200,000) (105,500,000) 6,300,000
Prepaid expenses and other current assets (11,000,000.0) (2,700,000) 400,000
Increase (decrease) in liabilities —      
Accounts payable (18,100,000) 12,200,000 39,700,000
Accrued liabilities 8,300,000 37,900,000 (3,200,000)
Federal and state income tax payable / receivable (28,400,000) (2,100,000) 21,400,000
Net cash provided by operating activities 1,495,000,000.0 1,094,100,000 1,032,800,000
Cash Flows from Investing Activities:      
Additions to property, plant, and equipment (824,200,000) (605,100,000) (421,200,000)
Acquisitions of businesses, net of cash acquired 0 (194,900,000) 0
Additions to other long-term assets (6,200,000) (1,800,000) (6,400,000)
Proceeds from asset disposals 2,200,000 7,900,000 4,600,000
Purchases of marketable debt securities (126,100,000) (127,400,000) (110,100,000)
Proceeds from sales of marketable debt securities 31,100,000 26,700,000 24,200,000
Proceeds from maturities of marketable debt securities 87,600,000 100,200,000 82,800,000
Other, net 1,900,000 0 0
Net cash used for investing activities (833,700,000) (794,400,000) (426,100,000)
Cash Flows from Financing Activities:      
Net proceeds received from issuance of debt 0 690,200,000 0
Repayments of debt and finance lease obligations (1,700,000) (757,700,000) (1,500,000)
Financing costs paid 0 (2,400,000) 0
Common stock dividends paid (420,300,000) (379,800,000) (299,600,000)
Repurchases of common stock (522,600,000) (193,000,000.0) 0
Shares withheld to cover employee restricted stock taxes (15,400,000) (12,900,000) (10,500,000)
Net cash used for financing activities (960,000,000.0) (655,600,000) (311,600,000)
Net increase in cash and cash equivalents (298,700,000) (355,900,000) 295,100,000
Cash and cash equivalents, beginning of year 618,700,000 974,600,000 679,500,000
Cash and cash equivalents, end of year $ 320,000,000.0 $ 618,700,000 $ 974,600,000