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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 832.3 $ 552.5
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 168.9 157.1
Amortization of intangibles 43.3 45.4
Stock compensation expense 37.5 25.4
Impairment charges 0.0 36.0
Equity in net earnings of affiliates, net of cash received (53.0) (39.1)
Deferred income tax (benefit) provision (55.2) 5.7
Other 17.1 2.3
Changes in operating assets and liabilities:    
Accounts and notes receivable, net (481.6) (302.2)
Inventories, net (542.9) (951.7)
Other current and noncurrent assets (140.6) (74.9)
Accounts payable (56.1) 199.1
Accrued expenses 251.8 22.5
Other current and noncurrent liabilities 181.2 26.8
Total adjustments (629.6) (847.6)
Net cash provided by (used in) operating activities 202.7 (295.1)
Cash flows from investing activities:    
Purchases of property, plant and equipment (357.7) (270.5)
Proceeds from sale of property, plant and equipment 5.2 2.5
Investments in unconsolidated affiliates (21.3) (1.6)
Purchase of businesses, net of cash acquired (0.9) (111.3)
Other (4.0) 0.0
Net cash used in investing activities (378.7) (380.9)
Cash flows from financing activities:    
Proceeds from indebtedness 725.5 1,046.5
Repayments of indebtedness (148.5) (158.8)
Payment of dividends to stockholders (435.8) (386.4)
Payment of minimum tax withholdings on stock compensation (20.5) (20.0)
Distributions to noncontrolling interest 0.0 (11.5)
Payment of debt issuance costs (9.5) (0.2)
Net cash provided by financing activities 111.2 469.6
Effects of exchange rate changes on cash, cash equivalents and restricted cash (44.0) (75.7)
Decrease in cash, cash equivalents and restricted cash (108.8) (282.1)
Cash, cash equivalents and restricted cash, beginning of period 789.5 889.1
Cash, cash equivalents and restricted cash, end of period $ 680.7 $ 607.0