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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES      
Net income $ 1,577.8 $ 1,491.9 $ 1,548.2
Adjustments to reconcile net earnings to net cash provided from operating activities:      
Depreciation, amortization and depletion 775.6 764.4 674.3
Equity earnings of affiliate, net of dividends received (10.4) (6.3) (3.9)
Loss on foreign currency transaction effect 0.9 17.9 17.3
Benefit for deferred income taxes (63.5) (21.0) (51.5)
Other, net 19.5 12.0 27.0
Change in operating assets and liabilities:      
(Increase) decrease in accounts receivable (236.0) (10.5) 68.3
Decrease (increase) in inventories 223.6 (88.7) (190.8)
Increase (decrease) in accounts payable and accrued liabilities 313.8 (184.9) 117.8
Decrease (increase) in other operating assets and liabilities 182.3 (62.9) 28.4
Net cash provided by operating activities 2,783.6 1,911.9 2,235.1
INVESTING ACTIVITIES      
Capital expenditures (592.2) (707.5) (1,121.4)
Purchase of short-term investments (450.3) (284.4) (310.6)
Proceeds on sale of short-term investment 120.2 417.5 147.3
Other, net 6.5 0.4 (11.5)
Net cash used in investing activities (915.8) (574.0) (1,296.2)
FINANCING ACTIVITIES      
Repayments of debt (400.0)    
Proceeds from issuance of debt   987.3  
Capitalization of debt issuance cost   (9.8)  
Cash dividends paid to common stockholders (1,159.6) (1,236.9) (1,082.3)
SCC shareholder derivative lawsuit - received from AMC   (36.5)  
SCC shareholder derivative lawsuit - dividend paid   36.5  
Distributions to non-controlling interest (4.1) (3.2) (1.5)
Other, net 0.4 0.4 0.4
Net cash used in financing activities (1,563.3) (262.2) (1,083.4)
Effect of exchange rate changes on cash and cash equivalents (46.0) 4.8 (15.7)
Increase (decrease) in cash and cash equivalents 258.5 1,080.5 (160.2)
Cash and cash equivalents, at beginning of year 1,925.1 844.6 1,004.8
Cash and cash equivalents, at end of year 2,183.6 1,925.1 844.6
Cash paid during the year for:      
Interest 383.5 356.7 356.7
Income taxes 1,037.1 1,138.7 1,155.3
Workers' participation 153.9 224.5 194.0
Supplemental schedule of non-cash operating, investing and financing activities:      
Decrease (increase) in pension and other post-retirement benefits 1.7 (7.7) (2.9)
Capital expenditures incurred but not yet paid $ 32.2 $ 2.1 $ 37.7