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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES    
Net income $ 815.9 $ 787.8
Adjustments to reconcile net earnings to net cash provided from operating activities:    
Depreciation, amortization and depletion 203.7 196.6
Equity earnings of affiliate, net of dividends received 6.4 (1.3)
Loss on foreign currency transaction effect 6.5 55.7
(Benefit) provision for deferred income taxes (18.4) 43.7
Other, net 7.5 9.6
Change in operating assets and liabilities:    
Decrease (increase) in accounts receivable 131.5 172.9
Decrease (increase) in inventories 29.6 (41.5)
Increase (decrease) in accounts payable and accrued liabilities 12.7 (525.0)
Decrease (increase) in other operating assets and liabilities (10.2) 122.2
Net cash provided by operating activities 1,185.2 820.7
INVESTING ACTIVITIES    
Capital expenditures (238.1) (205.2)
Proceeds from (purchase) sale of short-term investments, net 67.7 80.4
Other   (0.1)
Net cash used in investing activities (170.4) (124.9)
FINANCING ACTIVITIES    
Cash dividends paid to common stockholders (773.1) (773.1)
Other, net (1.6) (1.7)
Net cash used in financing activities (774.7) (774.8)
Effect of exchange rate changes on cash and cash equivalents (10.0) (75.8)
Increase in cash and cash equivalents 230.1 (154.8)
Cash and cash equivalents, at beginning of period 2,069.7 3,002.0
Cash and cash equivalents, at end of period $ 2,299.8 $ 2,847.2