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STATEMENTS OF CONDENSED CONSOLIDATED CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities    
Net income $ 534.7 $ 503.9
Adjustments to reconcile Net income to Net operating cash:    
Depreciation 98.3 79.9
Non-cash lease expense 124.0 123.5
Amortization of intangible assets 88.5 81.0
Provisions for environmental-related matters - net 0.1 3.1
Deferred income taxes (3.2) (18.7)
Stock-based compensation expense 29.5 26.6
Amortization of non-traded investments 31.4 28.7
Loss (gain) on sale or disposition of assets 1.5 (2.1)
Other 5.5 2.6
Change in working capital accounts - net (673.6) (780.4)
Change in operating lease liabilities (118.7) (124.1)
Costs incurred for environmental-related matters (7.3) (10.2)
Other 28.4 25.1
Net operating cash 139.1 (61.1)
Investing Activities    
Capital expenditures (138.3) (189.3)
Acquisition of business, net of cash acquired 0.0 (82.4)
Other (32.2) (44.5)
Net investing cash (170.5) (316.2)
Financing Activities    
Net increase in short-term borrowings 1,180.9 1,135.8
Payments of long-term debt (350.0) (250.0)
Payments of cash dividends (197.1) (200.4)
Proceeds from stock options exercised 47.6 26.2
Treasury stock purchased (575.6) (351.7)
Proceeds from real estate financing transactions 0.0 40.7
Other (58.2) (33.4)
Net financing cash 47.6 367.2
Effect of exchange rate changes on cash and cash equivalents (6.5) (0.5)
Net increase (decrease) in cash and cash equivalents 9.7 (10.6)
Cash and cash equivalents at beginning of year 207.2 210.4
Cash and cash equivalents at end of period 216.9 199.8
Supplemental information:    
Income taxes paid 44.2 89.9
Interest paid $ 159.7 $ 119.8