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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net earnings $ 913.1 $ 934.9 $ 576.5
Adjustments to reconcile net earnings to net cash provided by operating activities      
Depreciation, depletion, accretion and amortization 632.2 617.0 587.5
Loss on impairments 86.6 28.3 67.9
Noncash operating lease expense 51.4 53.9 60.3
Net gain on sale of property, plant & equipment and businesses (52.3) (76.4) (10.7)
Contributions to pension plans (8.7) (7.4) (7.8)
Share-based compensation expense 53.4 63.2 41.1
Deferred income taxes, net (9.4) (43.3) 57.7
(Increase) decrease in assets excluding the initial effects of business acquisitions and dispositions      
Accounts and notes receivable 63.2 28.2 (53.3)
Inventories (27.4) (54.6) (49.5)
Other assets (93.0) 27.8 (92.3)
Increase (decrease) in liabilities excluding the initial effects of business acquisitions and dispositions      
Accrued interest and income taxes (6.8) 18.8 0.4
Trade payables and other accruals (193.0) (25.1) (17.4)
Other noncurrent liabilities (20.4) (42.4) (36.4)
Other, net 20.7 13.9 24.2
Net cash provided by operating activities 1,409.6 1,536.8 1,148.2
Investing Activities      
Purchases of property, plant & equipment (603.5) (872.6) (612.6)
Proceeds from sale of property, plant & equipment 54.7 94.6 38.7
Proceeds from sale of businesses 0.2 613.6 50.0
Payment for businesses acquired, net of acquired cash and adjustments (2,266.2) 0.9 (529.2)
Other, net (0.1) (0.0) 0.1
Net cash used for investing activities (2,814.9) (163.5) (1,053.0)
Financing Activities      
Proceeds from short-term debt 8.0 166.1 1,361.0
Payment of short-term debt (8.0) (266.1) (1,261.0)
Payment of current maturities and long-term debt (550.5) (550.5) (557.7)
Proceeds from issuance of long-term debt 2,000.0 550.0 550.0
Debt issuance and exchange costs (31.6) (3.4) (2.8)
Payment of finance leases (13.0) (30.8) (33.8)
Purchases of common stock (68.8) (200.0) (0.0)
Dividends paid (244.4) (228.4) (212.6)
Share-based compensation, shares withheld for taxes (33.0) (21.9) (18.5)
Distribution to noncontrolling interest (1.8) (0.8) (0.0)
Other, net 0.0 0.2 0.2
Net cash provided by (used for) financing activities 1,056.9 (585.6) (175.2)
Net increase (decrease) in cash and cash equivalents and restricted cash (348.4) 787.7 (80.0)
Cash and cash equivalents and restricted cash at beginning of year 949.2 161.5 241.5
Cash and cash equivalents and restricted cash at end of year $ 600.8 $ 949.2 $ 161.5