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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flow From Operating Activities    
Net Income (Loss) $ 227.7 $ 203.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 18.4 16.9
Amortization expense 39.2 38.0
Deferred income taxes (1.2) (1.6)
Equity in net earnings of affiliates (1.1) (4.4)
Distributions from unconsolidated affiliates 0.8 3.3
Non-cash compensation expense 28.9 25.8
Other 2.7 1.0
Change in assets and liabilities:    
Accounts receivable (20.0) (2.4)
Inventories 16.1 (4.8)
Other current assets (5.2) 0.7
Accounts payable 31.4 (19.7)
Accrued expenses (118.7) (42.3)
Income taxes payable 46.6 57.7
Other operating assets and liabilities, net (2.6) 1.7
Net Cash Provided By Operating Activities 263.0 273.1
Cash Flow From Investing Activities    
Additions to property, plant and equipment (46.3) (25.0)
Other (0.5) (4.6)
Net Cash Used In Investing Activities (46.8) (29.6)
Cash Flow From Financing Activities    
Long-term debt (repayments) (200.0) (200.0)
Short-term debt (repayments), net of borrowings 0.0 (55.6)
Proceeds from stock options exercised 59.9 10.2
Payment of cash dividends (69.0) (66.3)
Net Cash Used In Financing Activities (209.1) (311.7)
Effect of exchange rate changes on cash and cash equivalents (1.9) 0.7
Net Change In Cash and Cash Equivalents 5.2 (67.5)
Cash and Cash Equivalents at Beginning of Period 344.5 270.3
Cash and Cash Equivalents at End of Period 349.7 202.8
Cash paid during the period for:    
Interest (net of amounts capitalized) 17.0 21.3
Income taxes 11.2 9.4
Supplemental disclosure of non-cash investing activities:    
Property, plant and equipment expenditures included in Accounts Payable $ 17.3 $ 16.5