XML 32 R7.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net earnings (loss) $ (511.4) $ (136.8) $ 309.9
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 112.4 108.9 110.2
Amortization of intangibles and supply agreements 23.6 71.0 69.6
Long-lived asset impairment 6.3 443.7 0.0
Goodwill impairment 676.0 0.0 0.0
Increase (decrease) in provision for losses on accounts and notes receivable 6.3 (6.5) 3.2
Write-down of inventories 35.7 9.0 17.1
Net gain from disposal of assets and businesses (35.6) (20.1) (2.5)
Deferred income tax benefit (58.0) (129.2) (15.7)
Stock-based compensation 26.5 27.6 30.1
Other, net (6.1) 13.6 (2.5)
Changes in working capital, excluding effects from acquisitions and divestitures:      
Accounts and other receivables 42.5 48.6 (26.6)
Inventories 44.7 86.5 96.1
Other current assets 3.6 4.0 (3.7)
Accounts payable (27.9) 13.7 (102.1)
Accrued expenses and other current liabilities (32.9) (36.8) (41.7)
Net Cash Provided by Operating Activities 305.7 497.2 441.4
Investing Activities      
Additions to property, plant and equipment (81.6) (113.8) (100.3)
Purchases of companies, net of cash acquired 0.0 0.0 (83.3)
Proceeds from sales of assets and businesses 47.0 23.4 4.2
Other, net (2.0) (0.9) (1.8)
Net Cash Used for Investing Activities (36.6) (91.3) (181.2)
Financing Activities      
Additions to long-term debt 0.0 0.7 4.7
Payments on long-term debt (300.1) (2.0) (301.5)
Change in commercial paper and short-term debt   (105.8)  
Change in commercial paper and short-term debt 174.2   301.8
Dividends paid (136.3) (239.4) (229.2)
Purchases of common stock (4.9) (6.0) (60.3)
Other, net (2.9) (6.3) (1.7)
Net Cash Used for Financing Activities (270.0) (358.8) (286.2)
Effect of Exchange Rate Changes on Cash (14.4) 1.9 (19.2)
(Decrease) Increase in Cash and Cash Equivalents (15.3) 49.0 (45.2)
Cash and Cash Equivalents—Beginning of Year 365.5 316.5 361.7
Cash and Cash Equivalents—End of Year 350.2 365.5 316.5
Supplemental Information      
Interest paid (net of amounts capitalized) 84.9 85.8 84.0
Income taxes paid 82.4 98.8 125.2
Property, plant and equipment acquired through finance leases 1.1 1.4 1.4
Capital expenditures in accounts payable 4.7 3.2 3.6
Prepaid income taxes and taxes receivable applied against the deemed repatriation tax liability $ 11.9 $ 9.5 $ 6.1