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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flow From Operating Activities    
Net income $ 411.1 $ 471.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 45.1 38.8
Amortization expense 72.4 78.4
Deferred income taxes (12.8) (7.4)
Business exit related impairments 51.0 0.0
Equity in net earnings of affiliates (4.4) (4.2)
Distributions from unconsolidated affiliates 4.3 3.3
Non-cash compensation expense 30.2 40.2
Other 5.7 5.1
Subtotal 602.6 625.4
Change in assets and liabilities:    
Accounts receivable 4.3 (62.2)
Inventories (2.9) (8.2)
Other current assets (0.9) 1.7
Accounts payable (13.5) 61.0
Accrued expenses (149.6) (108.8)
Income taxes payable (12.9) 0.9
Other operating assets and liabilities, net (10.6) (9.9)
Change in Working Capital (186.1) (125.5)
Net Cash Provided By Operating Activities 416.5 499.9
Cash Flow From Investing Activities    
Additions to property, plant and equipment (39.0) (76.6)
Graphico acquisition 0.0 (19.9)
Proceeds from sale of assets 0.0 6.6
Other (0.6) (1.6)
Net Cash Used In Investing Activities (39.6) (91.5)
Cash Flow From Financing Activities    
Long-term debt (repayments) 0.0 (200.2)
Short-term debt (repayments), net of borrowings 0.0 2.5
Proceeds from stock options exercised 26.6 79.5
Payment of cash dividends (145.0) (138.2)
Purchase of treasury stock (300.0) 0.0
Payment of business acquisition liability (5.9) 0.0
Other (2.5) (1.0)
Net Cash Used In Financing Activities (426.8) (257.4)
Effect of exchange rate changes on cash and cash equivalents 9.0 (3.8)
Net Change In Cash and Cash Equivalents (40.9) 147.2
Cash and Cash Equivalents at Beginning of Period 964.1 344.5
Cash and Cash Equivalents at End of Period 923.2 491.7
Cash paid during the period for:    
Interest (net of amounts capitalized) 46.6 48.2
Income taxes 146.7 140.0
Supplemental disclosure of non-cash investing activities:    
Property, plant and equipment expenditures included in Accounts Payable $ 15.0 $ 12.3