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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net earnings $ 790.9 $ 751.9 $ 578.6
Adjustments to reconcile net earnings to net cash provided by operating activities, net of acquisitions:      
Depreciation of property and equipment 144.6 134.1 123.6
Gain on sale of property and equipment (1.2) (0.5) (1.0)
Bad debt expense 5.5 8.1 8.2
Deferred income taxes 15.0 33.8 (30.0)
Stock-based compensation 5.7 5.1 5.2
Amortization of intangible assets 4.1 4.1 3.8
Changes in operating assets and liabilities, net of acquisitions:      
Trade accounts receivable (30.4) (120.3) (103.7)
Inventories (84.4) (193.3) (76.3)
Other current assets (10.4) (28.9) (15.6)
Accounts payable (0.8) 46.1 36.3
Accrued expenses 10.7 46.8 37.6
Income taxes (7.7) (15.5) 19.4
Other 1.1 2.7 (0.9)
Net cash provided by operating activities 842.7 674.2 585.2
Cash flows from investing activities:      
Purchases of property and equipment (246.4) (176.3) (119.9)
Proceeds from sale of property and equipment 6.6 9.5 7.4
Cash paid for acquisitions 0.0 (3.7) (58.7)
Other 0.1 (3.4) (8.1)
Net cash used in investing activities (239.7) (173.9) (179.3)
Cash flows from financing activities:      
Proceeds from debt obligations 910.0 980.0 1,015.0
Payments against debt obligations (1,065.0) (895.0) (980.0)
Proceeds from exercise of stock options 58.5 13.4 9.5
Purchases of common stock 0.0 (103.0) (82.6)
Payments of dividends (498.6) (441.9) (369.1)
Net cash used in financing activities (595.1) (446.5) (407.2)
Effect of exchange rate changes on cash and cash equivalents (0.2) (3.5) 5.5
Net increase in cash and cash equivalents 7.7 50.3 4.2
Cash and cash equivalents at beginning of year 167.2 116.9 112.7
Cash and cash equivalents at end of year 174.9 167.2 116.9
Supplemental disclosure of cash flow information:      
Cash paid for interest 13.9 12.6 8.7
Net cash paid for income taxes $ 242.7 $ 215.3 $ 304.1