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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Operating activities:        
Net earnings $ 267.8 $ 89.5 $ 565.0 $ 276.3
Adjustments to reconcile net earnings to net cash flows from operating activities:        
Depreciation and amortization 40.3 39.3 123.0 111.9
SBC 15.6 12.7 56.8 47.3
Total return swap (TRS) fair value adjustments (113.3) 7.7 (191.6) (39.5)
Restructuring and other charges 2.5 0.4 2.9 5.9
Unrealized losses on hedge derivatives 1.1 2.0 3.7 11.1
Deferred income taxes (1.1) (4.6) (16.1) (22.0)
Other 5.7 (1.8) 24.1 (4.8)
Changes in non-cash working capital items:        
Accounts receivable (151.5) (111.7) (370.3) (209.4)
Inventories (128.6) 23.4 (286.1) 283.8
Other current assets (0.9) 37.7 (7.3) 37.0
Accounts payable, accrued and other current liabilities, provisions and income taxes payable 188.6 28.2 504.8 (167.1)
Net cash provided by operating activities 126.2 122.8 408.9 330.5
Investing activities:        
Cash paid for business acquisition, net of cash acquired 0.0 0.0 0.0 (36.1)
Purchase of property, plant and equipment (37.3) (46.0) (106.5) (123.3)
Proceeds from sale of assets 0.0 0.0 0.0 2.9
Other 0.0 (5.0) (2.5) (5.0)
Net cash used in investing activities (37.3) (51.0) (109.0) (161.5)
Financing activities:        
Borrowings under revolving loans 0.0 20.0 500.0 485.0
Repayments under revolving loans (90.0) (20.0) (500.0) (485.0)
Borrowings under term loans 0.0 0.0 0.0 750.0
Repayments under term loans (4.4) (4.4) (13.1) (613.3)
Principal payments of finance leases (2.4) (2.3) (7.6) (7.1)
Proceeds from issuance of capital stock 0.0 0.0 0.3 3.9
Repurchase of capital stock for cancellation 0.0 (100.0) (117.7) (126.5)
Purchase of treasury stock for SBC plans 0.0 0.0 (221.6) (101.6)
Proceeds from TRS settlement 0.0 0.0 98.6 32.3
SBC cash settlement 0.0 0.0 (156.0) (69.0)
Debt issuance costs paid 0.0 (0.6) (0.2) (9.6)
Net cash used in financing activities (96.8) (107.3) (417.3) (140.9)
Net increase (decrease) in cash and cash equivalents (7.9) (35.5) (117.4) 28.1
Cash and cash equivalents, beginning of period 313.8 434.0 423.3 370.4
Cash and cash equivalents, end of period 305.9 398.5 305.9 398.5
Supplemental disclosure information:        
Interest paid 13.4 12.1 40.7 40.6
Net income taxes paid 45.7 33.2 101.9 71.9
Non-cash investing activity:        
Unpaid purchases of property, plant and equipment at end of period $ 24.4 $ 35.1 $ 24.4 $ 35.1