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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities:    
Consolidated net earnings $ 470.2 $ 387.7
Adjustments to reconcile consolidated net earnings to net cash provided by operating activities:    
Depreciation, depletion and amortization 253.1 256.6
Stock-based compensation expense 27.7 24.5
Gain on sales of assets, divestitures and extinguishment of debt (16.3) (173.9)
Deferred income taxes, net 0.7 (32.7)
Other items, net (4.5) (3.4)
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:    
Accounts receivable, net (196.2) (252.6)
Inventories, net (92.2) (79.5)
Accounts payable 44.5 68.5
Other assets and liabilities, net 31.5 91.0
Net Cash Provided by Operating Activities 518.5 286.2
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (293.4) (220.7)
Acquisitions, net of cash acquired 0.0 11.0
Proceeds from sales of assets and divestitures 95.5 644.4
Investments in life insurance contracts, net 4.8 1.8
Other investing activities, net (4.2) (3.0)
Net Cash (Used for) Provided by Investing Activities (197.3) 433.5
Cash Flows from Financing Activities:    
Repayments of debt 0.0 (47.7)
Payments on finance lease obligations (8.4) (7.3)
Dividends paid (82.5) (77.0)
Repurchases of common stock (150.0) (50.0)
Distributions to owners of noncontrolling interest (0.5) 0.0
Proceeds from exercise of stock options 0.8 0.6
Shares withheld for employees' income tax obligations (17.9) (25.1)
Net Cash Used for Financing Activities (258.5) (206.5)
Net Increase in Cash, Cash Equivalents and Restricted Cash 62.7 513.2
Cash, Cash Equivalents and Restricted Cash, beginning of period 358.8 258.9
Cash, Cash Equivalents and Restricted Cash, end of period $ 421.5 $ 772.1