XML 23 R8.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating Activities      
Net earnings $ 546.2 $ 533.6 $ 556.6
Adjustments to reconcile earnings to cash provided by (used in) operating activities:      
Depreciation and amortization 85.1 78.8 78.3
Stock based compensation expense 13.8 14.9 11.5
Deferred income taxes 8.9 (4.6) (3.8)
Non-cash impairments 0.0 4.7 15.6
Pension settlement income 0.0 0.0 (0.9)
Pension settlement non-cash taxes 0.0 0.0 0.2
Net changes in operating assets and liabilities, net of acquisitions:      
Current assets and liabilities (55.7) (22.6) 20.0
Noncurrent assets and liabilities 18.5 (23.0) (7.2)
Cash Provided by Operating Activities 616.8 581.8 670.3
Investing Activities      
Capital expenditures (70.8) (108.0) (72.6)
Acquisitions 0.0 (145.9) (16.8)
Investments in marketable securities (42.7) (73.7) (63.1)
Net proceeds from sales of marketable securities 60.5 60.5 128.4
Cash Used in Investing Activities (53.0) (267.1) (24.1)
Financing Activities      
Proceeds from debt 1,087.3 1,100.1 688.0
Repayments of debt (1,124.9) (1,030.4) (906.1)
Common stock repurchases (400.8) (305.8) (306.5)
Net proceeds from stock option activity 1.0 18.1 23.4
Dividends paid (195.7) (190.4) (183.5)
Cash Used in Financing Activities (633.1) (408.4) (684.7)
Effect of exchange rate changes on cash and cash equivalents 4.2 (6.6) (12.8)
Net decrease in cash and cash equivalents (65.1) (100.3) (51.3)
Cash and cash equivalents-beginning of year 239.6 339.9 391.2
Cash and Cash Equivalents-End of Year $ 174.5 $ 239.6 $ 339.9