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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net earnings $ 859.1 $ 790.9 $ 751.9
Adjustments to reconcile net earnings to net cash provided by operating activities, net of acquisitions:      
Depreciation of property and equipment 153.3 144.6 134.1
Gain on sale of property and equipment (1.4) (1.2) (0.5)
Bad debt expense 7.5 5.5 8.1
Deferred income taxes 2.9 15.0 33.8
Stock-based compensation 5.7 5.7 5.1
Amortization of intangible assets 9.1 4.1 4.1
Changes in operating assets and liabilities, net of acquisitions:      
Trade accounts receivable (29.7) (30.4) (120.3)
Inventories 36.0 (84.4) (193.3)
Other current assets 17.1 (10.4) (28.9)
Accounts payable 14.2 (0.8) 46.1
Accrued expenses 20.6 10.7 46.8
Income taxes 10.0 (7.7) (15.5)
Other (2.6) 1.1 2.7
Net cash provided by operating activities 1,101.8 842.7 674.2
Cash flows from investing activities:      
Purchases of property and equipment (168.1) (246.4) (176.3)
Proceeds from sale of property and equipment 10.6 6.6 9.5
Cash paid for acquisitions (125.0) 0.0 (3.7)
Other 0.8 0.1 (3.4)
Net cash used in investing activities (281.7) (239.7) (173.9)
Cash flows from financing activities:      
Proceeds from debt obligations 1,000.0 910.0 980.0
Payments against debt obligations (940.0) (1,065.0) (895.0)
Proceeds from exercise of stock options 41.0 58.5 13.4
Purchases of common stock (52.0) 0.0 (103.0)
Payments of dividends (803.4) (498.6) (441.9)
Net cash used in financing activities (754.4) (595.1) (446.5)
Effect of exchange rate changes on cash and cash equivalents 5.1 (0.2) (3.5)
Net increase in cash and cash equivalents 70.8 7.7 50.3
Cash and cash equivalents at beginning of year 174.9 167.2 116.9
Cash and cash equivalents at end of year 245.7 174.9 167.2
Supplemental information:      
Cash paid for interest 8.4 13.9 12.6
Net cash paid for income taxes $ 260.1 $ 242.7 $ 215.3