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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 552.5 $ 618.2
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation 157.1 164.2
Amortization of intangibles 45.4 45.8
Stock compensation expense 25.4 21.1
Impairment charges 36.0 0.0
Equity in net earnings of affiliates, net of cash received (39.1) (48.6)
Deferred income tax provision (benefit) 5.7 (67.3)
Other 2.3 12.2
Changes in operating assets and liabilities:    
Accounts and notes receivable, net (302.2) (247.4)
Inventories, net (951.7) (868.5)
Other current and noncurrent assets (74.9) (131.3)
Accounts payable 199.1 300.4
Accrued expenses 22.5 102.0
Other current and noncurrent liabilities 26.8 140.7
Total adjustments (847.6) (576.7)
Net cash (used in) provided by operating activities (295.1) 41.5
Cash flows from investing activities:    
Purchases of property, plant and equipment (270.5) (198.7)
Proceeds from sale of property, plant and equipment 2.5 3.9
Investments in unconsolidated affiliates (1.6) (1.2)
(Purchase) sale of businesses, net, and net of cash acquired (111.3) (16.8)
Other 0.0 (2.4)
Net cash used in investing activities (380.9) (215.2)
Cash flows from financing activities:    
Proceeds from indebtedness 1,046.5 1,463.5
Repayments of indebtedness (158.8) (1,384.9)
Purchases and retirement of common stock 0.0 (75.0)
Payment of dividends to stockholders (386.4) (343.6)
Payment of minimum tax withholdings on stock compensation (20.0) (34.1)
Payment of debt issuance costs (0.2) 0.0
Distributions to noncontrolling interest (11.5) (3.5)
Net cash provided by (used in) financing activities 469.6 (377.6)
Effects of exchange rate changes on cash, cash equivalents and restricted cash (75.7) (30.8)
Decrease in cash, cash equivalents and restricted cash (282.1) (582.1)
Cash, cash equivalents and restricted cash, beginning of period 889.1 1,119.1
Cash, cash equivalents and restricted cash, end of period $ 607.0 $ 537.0