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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities    
Net earnings (loss) $ (570.5) $ 107.7
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 55.9 54.2
Amortization of intangibles and supply agreements 9.6 35.9
Long-lived asset impairment 2.6 0.0
Goodwill impairment 675.3 0.0
Increase (decrease) in provision for losses on accounts and notes receivable 8.3 (2.1)
Write-down of inventories 21.6 5.4
Net gain on disposal of assets (17.0) (3.6)
Deferred income tax benefit (45.0) (7.1)
Stock-based compensation 17.8 16.5
Other, net (8.3) 8.2
Changes in working capital, excluding effects from acquisitions and divestitures:    
Accounts and other receivables (41.0) (27.4)
Inventories 35.1 49.6
Other current assets (2.9) (6.9)
Accounts payable (7.5) (8.9)
Accrued expenses and other current liabilities (46.1) (14.2)
Net Cash Provided by Operating Activities 87.9 207.3
Investing Activities    
Additions to property, plant and equipment (41.4) (68.2)
Proceeds from disposals of assets 23.2 5.3
Other, net (0.4) 0.3
Net Cash Used for Investing Activities (18.6) (62.6)
Financing Activities    
Payments on long-term debt (0.1) (1.1)
Change in commercial paper and short-term debt 12.0 (60.6)
Dividends paid (123.0) (116.9)
Purchases of common stock (4.3) (5.3)
Other, net (1.7) (1.0)
Net Cash Used for Financing Activities (117.1) (184.9)
Effect of Exchange Rate Changes on Cash (10.7) (3.9)
Decrease in Cash and Cash Equivalents (58.5) (44.1)
Cash and Cash Equivalents—January 1, 365.5 316.5
Cash and Cash Equivalents—June 30, $ 307.0 $ 272.4