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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net earnings $ 1,086.9 $ 925.0 $ 859.1
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation of property and equipment 165.9 159.9 153.3
Loss (gain) on sale of property and equipment 1.1 (1.1) (1.4)
Bad debt (recoveries) expense (1.8) 2.5 7.5
Deferred income taxes (4.9) (13.7) 2.9
Stock-based compensation 7.2 5.6 5.7
Amortization of intangible assets 10.7 10.8 9.1
Changes in operating assets and liabilities:      
Trade accounts receivable (119.8) (135.2) (29.7)
Inventories (198.0) (189.5) 36.0
Other current assets 22.7 (47.8) 17.1
Accounts payable 21.9 26.1 14.2
Accrued expenses (57.2) 26.2 20.6
Income taxes 0.4 (1.8) 10.0
Other 5.9 3.1 (2.6)
Net cash provided by operating activities 941.0 770.1 1,101.8
Cash flows from investing activities:      
Purchases of property and equipment (173.8) (156.6) (168.1)
Proceeds from sale of property and equipment 11.4 8.4 10.6
Cash paid for acquisition 0.0 0.0 (125.0)
Other (0.6) (0.3) 0.8
Net cash used in investing activities (163.0) (148.5) (281.7)
Cash flows from financing activities:      
Proceeds from debt obligations 1,795.0 525.0 1,000.0
Payments against debt obligations (1,630.0) (540.0) (940.0)
Proceeds from exercise of stock options 9.2 31.6 41.0
Purchases of common stock (237.8) 0.0 (52.0)
Cash dividends paid (711.3) (643.7) (803.4)
Net cash used in financing activities (774.9) (627.1) (754.4)
Effect of exchange rate changes on cash and cash equivalents (9.2) (4.0) 5.1
Net (decrease) increase in cash and cash equivalents (6.1) (9.5) 70.8
Cash and cash equivalents at beginning of year 236.2 245.7 174.9
Cash and cash equivalents at end of year 230.1 236.2 245.7
Supplemental information:      
Cash paid for interest 13.3 9.9 8.4
Net cash paid for income taxes $ 354.1 $ 294.0 $ 260.1