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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
OPERATING ACTIVITIES        
Net income $ 936.4 $ 260.9 $ 1,703.6 $ 477.1
Adjustments to reconcile net earnings to net cash provided from operating activities:        
Depreciation, amortization and depletion 195.4 193.8 396.0 386.8
Equity earnings of affiliate, net of dividends received (5.1) 0.2 (9.1) (0.8)
Loss (gain) on foreign currency transaction effect 6.3 (0.8) (13.4) (28.9)
Provision (benefit) for deferred income taxes 42.1 (18.8) 3.2 (11.3)
Other, net 5.2 4.1 11.9 11.0
Change in operating assets and liabilities:        
Increase in accounts receivable (203.4) (144.3) (366.7) (21.0)
Decrease (increase) in inventories (37.1) 86.0 1.1 156.4
Increase (decrease) in accounts payable and accrued liabilities 78.5 (66.6) 77.2 (169.0)
(Increase) decrease in other operating assets and liabilities 43.2 104.8 40.4 94.2
Net cash provided by operating activities 1,061.5 419.3 1,844.2 894.5
INVESTING ACTIVITIES        
Capital expenditures (219.8) (113.3) (452.4) (214.3)
Proceeds from (purchase) sale of short-term investments, net (129.9) 10.1 (135.0) 50.0
Other (10.4)   (10.5) 0.4
Net cash used in investing activities (360.1) (103.2) (597.9) (163.9)
FINANCING ACTIVITIES        
Repayments of debt   (400.0)   (400.0)
Capitalization of debt issuance cost       0.1
Cash dividends paid to common stockholders (541.1) (154.6) (1,005.0) (463.8)
Other, net (1.4) (0.2) (2.7) (2.5)
Net cash used in financing activities (542.5) (554.8) (1,007.7) (866.2)
Effect of exchange rate changes on cash and cash equivalents (31.9) (4.1) (27.9) 19.3
(Decrease) increase in cash and cash equivalents 127.0 (242.8) 210.7 (116.3)
Cash and cash equivalents, at beginning of period 2,267.3 2,051.6 2,183.6 1,925.1
Cash and cash equivalents, at end of period $ 2,394.3 $ 1,808.8 $ 2,394.3 $ 1,808.8