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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 1,150.6 $ 1,155.0 $ 1,086.9
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of property and equipment 164.7 166.6 165.9
(Gain) loss on sale of property and equipment (3.8) (4.3) 1.1
Bad debt expense (recoveries) 1.3 2.2 (1.8)
Deferred income taxes (4.1) (10.7) (4.9)
Stock-based compensation 8.0 7.3 7.2
Amortization of intangible assets 10.7 10.7 10.7
Changes in operating assets and liabilities:      
Trade accounts receivable (31.9) (72.3) (119.8)
Inventories (133.9) 189.1 (198.0)
Other current assets (11.9) (6.4) 22.7
Accounts payable 27.5 8.4 21.9
Accrued expenses (16.5) (0.6) (57.2)
Income taxes (1.3) (9.4) 0.4
Other 13.9 (2.9) 5.9
Net cash provided by operating activities 1,173.3 1,432.7 941.0
Cash flows from investing activities:      
Purchases of property and equipment (226.5) (172.8) (173.8)
Proceeds from sale of property and equipment 12.4 12.2 11.4
Other (0.4) (0.6) (0.6)
Net cash used in investing activities (214.5) (161.2) (163.0)
Cash flows from financing activities:      
Proceeds from debt obligations 775.0 880.0 1,795.0
Payments against debt obligations (835.0) (1,175.0) (1,630.0)
Proceeds from exercise of stock options 39.6 30.1 9.2
Purchases of common stock 0.0 0.0 (237.8)
Cash dividends paid (893.3) (1,016.8) (711.3)
Net cash used in financing activities (913.7) (1,281.7) (774.9)
Effect of exchange rate changes on cash and cash equivalents (10.6) 1.4 (9.2)
Net increase (decrease) in cash and cash equivalents 34.5 (8.8) (6.1)
Cash and cash equivalents at beginning of year 221.3 230.1 236.2
Cash and cash equivalents at end of year 255.8 221.3 230.1
Supplemental information:      
Cash paid for interest 7.8 12.2 13.3
Net cash paid for income taxes $ 356.5 $ 383.0 $ 354.1