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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities    
Net earnings $ 419.3 $ 355.8
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:    
Depreciation and amortization 57.5 56.5
Stock based compensation expense 10.1 10.4
Non-cash impairment 15.6 0.0
Pension settlement income (6.0) 0.0
Pension settlement income non-cash taxes 1.5 0.0
Net changes in operating assets and liabilities:    
Current assets and liabilities (44.6) (212.6)
Noncurrent assets and liabilities (14.4) 4.6
Cash Provided by Operating Activities 439.0 214.7
Investing Activities    
Capital expenditures (42.7) (50.9)
Acquisitions of businesses (16.1) (8.0)
Investments in marketable securities (63.1) (35.3)
Net proceeds from sale of marketable securities 91.1 152.5
Cash (Used in) Provided by Investing Activities (30.8) 58.3
Financing Activities    
Long-term debt repaid (214.9)  
Long-term debt incurred   94.6
Common stock repurchases (161.4) (282.0)
Net proceeds (payments) from stock option activity 11.3 (1.6)
Dividends paid (135.7) (131.1)
Cash Used in Financing Activities (500.7) (320.1)
Effect of exchange rate changes on cash and cash equivalents (17.7) (37.4)
Net decrease in cash and cash equivalents (110.2) (84.5)
Cash and cash equivalents - beginning of period 391.2 443.3
Cash and Cash Equivalents - End of Period $ 281.0 $ 358.8