XML 19 R7.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities:    
Net income $ 1,081,541 $ 988,867
Adjustments to reconcile net income to total operating activities:    
Depreciation and amortization 317,146 287,049
Deferred income taxes (66,548) (28,970)
Share-based compensation expense 35,229 34,907
Gain on sale of facilities (91) (995)
Net change in assets and liabilities, net of acquisitions (138,519) 20,675
Pension contributions (4,529) (4,433)
Other, net (6,730) (18,268)
Total operating activities 1,217,499 1,278,832
Investing activities:    
Additions to property, plant and equipment (73,251) (75,350)
Purchases of businesses, net of cash acquired (933,242) 0
Proceeds from sale of facilities 200 4,246
Other, net 521 1,580
Total investing activities (1,005,772) (69,524)
Financing activities:    
Net change in short-term borrowings 427,684 (698,099)
Repayments of long-term borrowings (239,942) (300,000)
Repurchases of common stock (163,623) (67,995)
Cash dividends paid (214,370) (194,068)
Proceeds from stock option exercises 21,600 39,728
Other, net (8,015) (7,976)
Total financing activities (176,666) (1,228,410)
Effect of exchange rate changes on cash and cash equivalents 30,177 5,564
Increase (decrease) in cash and cash equivalents 65,238 (13,538)
Cash and cash equivalents:    
Beginning of period 373,999 409,804
End of period $ 439,237 $ 396,266