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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES    
Net income $ 787.8 $ 767.1
Adjustments to reconcile net earnings to net cash provided from operating activities:    
Depreciation, amortization and depletion 196.6 200.6
Equity earnings of affiliate, net of dividends received (1.3) (4.0)
Loss on foreign currency transaction effect 55.7 (19.7)
(Benefit) provision for deferred income taxes 43.7 (38.9)
Other, net 9.6 6.7
Change in operating assets and liabilities:    
Decrease (increase) in accounts receivable 172.9 (163.3)
(Increase) decrease in inventories (41.5) 38.2
Decrease in accounts payable and accrued liabilities (525.0) (1.3)
Decrease (increase) in other operating assets and liabilities 122.2 (2.8)
Net cash provided by operating activities 820.7 782.6
INVESTING ACTIVITIES    
Capital expenditures (205.2) (232.6)
Proceeds from (purchase) sale of short-term investments, net 80.4 (5.2)
Other (0.1)  
Net cash used in investing activities (124.9) (237.8)
FINANCING ACTIVITIES    
Cash dividends paid to common stockholders (773.1) (463.8)
Other, net (1.7) (1.3)
Net cash used in financing activities (774.8) (465.1)
Effect of exchange rate changes on cash and cash equivalents (75.8) 4.0
Increase in cash and cash equivalents (154.8) 83.7
Cash and cash equivalents, at beginning of period 3,002.0 2,183.6
Cash and cash equivalents, at end of period $ 2,847.2 $ 2,267.3