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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities    
Net earnings $ 31.6 $ 53.5
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 27.9 27.4
Amortization of intangibles and supply agreements 5.0 18.0
Long-lived asset impairment 2.3 0.0
Increase (decrease) in provision for losses on accounts and notes receivable 4.9 (2.3)
Writedown of inventories 6.4 4.7
Gain on disposal of assets and businesses (10.2) (0.3)
Deferred income tax benefit (expense) 1.0 (1.2)
Stock-based compensation 10.0 9.7
Other, net (2.9) 6.0
Changes in working capital, excluding effects from acquisitions and divestitures:    
Accounts and other receivables (28.8) (38.4)
Inventories 0.8 13.7
Other current assets 1.2 (0.3)
Accounts payable (35.5) 30.8
Accrued expenses and other current liabilities (19.8) (24.6)
Net Cash (Used for) Provided by Operating Activities (6.1) 96.7
Investing Activities    
Additions to property, plant and equipment (25.9) (37.7)
Proceeds from disposals of assets 15.2 0.5
Other, net 0.3 0.8
Net Cash Used for Investing Activities (10.4) (36.4)
Financing Activities    
Payments on long-term debt (4.3) (0.8)
Change in commercial paper and short-term debt 89.2 29.3
Dividends paid (61.3) (58.3)
Purchases of common stock (4.1) (5.2)
Other, net (1.4) (0.6)
Net Cash Provided by (Used for) Financing Activities 18.1 (35.6)
Effect of Exchange Rate Changes on Cash (5.8) 3.3
(Decrease) Increase in Cash and Cash Equivalents (4.2) 28.0
Cash and Cash Equivalents—January 1, 365.5 316.5
Cash and Cash Equivalents—March 31, $ 361.3 $ 344.5