XML 17 R6.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flow From Operating Activities    
Net Income (Loss) $ 424.4 $ 391.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 34.6 33.4
Amortization expense 76.1 73.9
Deferred income taxes (1.9) 2.4
Equity in net earnings of affiliates (6.4) (6.3)
Distributions from unconsolidated affiliates 4.4 3.2
Non-cash compensation expense 39.5 17.9
Other (0.2) 3.3
Change in assets and liabilities:    
Accounts receivable (32.4) (7.5)
Inventories (24.3) (133.0)
Other current assets 8.8 10.0
Accounts payable, accrued and other liabilities (17.1) (62.1)
Income taxes payable 6.6 2.0
Other operating assets and liabilities, net (3.3) (11.7)
Net Cash Provided By Operating Activities 509.2 310.4
Cash Flow From Investing Activities    
Additions to property, plant and equipment (63.2) (38.8)
Other (6.0) (1.0)
Net Cash Used In Investing Activities (69.2) (39.8)
Cash Flow From Financing Activities    
Long Term debt borrowings 0.0 499.8
Long-term debt (repayments) (200.0) 0.0
Short-term debt (repayments), net of borrowings (70.6) (249.5)
Proceeds from stock options exercised 88.3 16.9
Payment of cash dividends (133.0) (127.4)
Deferred financing and other (0.1) (7.6)
Net Cash Provided By (Used In) Financing Activities (315.4) 132.2
Effect of exchange rate changes on cash and cash equivalents 2.0 (3.7)
Net Change In Cash and Cash Equivalents 126.6 399.1
Cash and Cash Equivalents at Beginning of Period 270.3 240.6
Cash and Cash Equivalents at End of Period 396.9 639.7
Cash paid during the period for:    
Interest (net of amounts capitalized) 57.9 32.4
Income taxes 109.2 117.6
Supplemental disclosure of non-cash investing activities:    
Property, plant and equipment expenditures included in Accounts Payable $ 25.4 $ 17.5