v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net earnings $ 136.6 $ 147.6
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:    
Depreciation and amortization 20.7 19.6
Stock based compensation expense 6.1 8.3
Deferred income taxes (5.0) 2.9
Net changes in operating assets and liabilities:    
Current assets and liabilities (125.3) (73.7)
Noncurrent assets and liabilities 5.6 1.9
Cash Provided by Operating Activities 38.7 106.6
Investing Activities    
Capital expenditures (21.3) (22.0)
Acquisition of business 0.0 (21.1)
Investments in marketable securities (22.6) (48.1)
Net proceeds from sale of marketable securities 33.1 20.0
Cash Used in Investing Activities (10.8) (71.2)
Financing Activities    
Long-term debt incurred (repaid) 76.5 (6.8)
Common stock repurchases (120.6) (74.5)
Net (payments) proceeds from stock option activity (1.8) 8.0
Dividends paid (49.2) (47.3)
Cash Used in Financing Activities (95.1) (120.6)
Effect of exchange rate changes on cash and cash equivalents 0.6 (3.1)
Net decrease in cash and cash equivalents (66.6) (88.3)
Cash and cash equivalents - beginning of period 239.6 339.9
Cash and Cash Equivalents - End of Period $ 173.0 $ 251.6