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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net earnings $ 533.6 $ 556.6 $ 235.7
Adjustments to reconcile earnings to cash provided by (used in) operating activities:      
Depreciation and amortization 78.8 78.3 76.9
Stock based compensation expense 14.9 11.5 11.1
Deferred income taxes (4.6) (3.8) 0.0
Non-cash impairments 4.7 15.6 0.0
Pension settlement (income) expense 0.0 (0.9) 417.3
Pension settlement non-cash taxes 0.0 0.2 (167.7)
Net changes in operating assets and liabilities, net of acquisitions:      
Current assets and liabilities (22.6) 20.0 (194.1)
Noncurrent assets and liabilities (23.0) (7.2) 12.2
Cash Provided by Operating Activities 581.8 670.3 391.4
Investing Activities      
Capital expenditures (108.0) (72.6) (70.3)
Acquisitions (145.9) (16.8) (8.0)
Investments in marketable securities (73.7) (63.1) (91.6)
Net proceeds from sales of marketable securities 60.5 128.4 178.0
Cash (Used in) Provided by Investing Activities (267.1) (24.1) 8.1
Financing Activities      
Long-term debt incurred (repaid) 69.7 (218.1) 150.6
Common stock repurchases (305.8) (306.5) (403.5)
Net proceeds (payments) from stock option activity 18.1 23.4 (0.7)
Dividends paid (190.4) (183.5) (177.2)
Cash Used in Financing Activities (408.4) (684.7) (430.8)
Effect of exchange rate changes on cash and cash equivalents (6.6) (12.8) (20.8)
Net decrease in cash and cash equivalents (100.3) (51.3) (52.1)
Cash and cash equivalents-beginning of year 339.9 391.2 443.3
Cash and Cash Equivalents-End of Year $ 239.6 $ 339.9 $ 391.2