XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES    
Net income $ 1,633.8 $ 1,560.4
Adjustments to reconcile net income to net operating cash:    
Depreciation 194.8 199.8
Non-cash lease expense 310.5 295.0
Amortization of intangible assets 237.8 233.2
Loss on divestiture of business 0.0 111.9
Amortization of credit facility and debt issuance costs 5.3 4.9
Stock-based compensation expense 80.0 64.9
Provisions for environmental-related matters 11.1 5.5
Defined benefit pension plans net cost 4.1 5.7
Deferred income taxes (108.8) (24.3)
Other 48.2 38.5
Change in working capital accounts - net (818.2) (166.0)
Change in operating lease liabilities (312.8) (297.2)
Costs incurred for environmental-related matters (19.3) (34.0)
Other 12.4 52.4
Net operating cash 1,278.9 2,050.7
INVESTING ACTIVITIES    
Capital expenditures (410.7) (248.1)
Acquisitions of businesses, net of cash acquired (626.8) (25.3)
Proceeds from divestiture of business 0.0 122.5
Proceeds from sale of assets 33.2 14.8
Other (46.2) (90.6)
Net investing cash (1,050.5) (226.7)
FINANCING ACTIVITIES    
Net increase in short-term borrowings 184.5 707.9
Proceeds from long-term debt 999.7 0.0
Payments of long-term debt (260.3) (24.6)
Payments for credit facility and debt issuance costs (7.3) (1.7)
Payments of cash dividends (462.9) (442.9)
Proceeds from stock options exercised 38.9 121.3
Treasury stock purchased (751.1) (2,076.5)
Proceeds from treasury stock issued 22.0 11.7
Other (27.1) (32.9)
Net financing cash (263.6) (1,737.7)
Effect of exchange rate changes on cash 0.0 0.4
Net (decrease) increase in cash and cash equivalents (35.2) 86.7
Cash and cash equivalents at beginning of year 165.7 226.6
Cash and cash equivalents at end of period 130.5 313.3
Income taxes paid 430.2 423.9
Interest paid $ 266.9 $ 238.5