XML 16 R5.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities:    
Consolidated net earnings $ 683.0 $ 545.9
Adjustments to reconcile consolidated net earnings to net cash provided by operating activities:    
Depreciation, depletion and amortization 380.3 320.0
Stock-based compensation expense 34.3 33.0
Gain on divestitures, sales of assets and extinguishment of debt (190.7) (26.6)
Deferred income taxes, net (1.0) 25.7
Other items, net (1.0) (8.3)
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:    
Accounts receivable, net (237.9) (218.0)
Inventories, net (87.0) 65.1
Accounts payable 18.1 66.9
Other assets and liabilities, net (37.4) (23.4)
Net Cash Provided by Operating Activities 560.7 780.3
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (309.1) (321.3)
Acquisitions, net of cash acquired 11.0 (792.9)
Proceeds from divestitures and sales of assets 679.1 41.4
Purchase of restricted investments to discharge long-term debt (704.6) 0.0
Investments in life insurance contracts, net 2.2 13.9
Other investing activities, net (3.0) 0.0
Net Cash Used for Investing Activities (324.4) (1,058.9)
Cash Flows from Financing Activities:    
Borrowings of debt 0.0 2,896.6
Repayments of debt (54.5) (400.0)
Payments on finance lease obligations (11.1) (7.6)
Debt issuance and extinguishment costs (0.3) (6.1)
Distributions to owners of noncontrolling interest 0.0 (0.5)
Repurchases of common stock (150.0) 0.0
Dividends paid (118.1) (109.7)
Proceeds from exercise of stock options 0.6 1.1
Shares withheld for employees' income tax obligations (26.1) (16.5)
Net Cash (Used for) Provided by Financing Activities (359.5) 2,357.3
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (123.2) 2,078.7
Cash, Cash Equivalents and Restricted Cash, beginning of period 258.9 304.4
Cash, Cash Equivalents and Restricted Cash, end of period $ 135.7 $ 2,383.1