v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Statement of Cash Flows [Abstract]    
Net earnings $ 206.6 $ 180.3
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 118.7 120.2
Share-based incentive compensation 21.9 15.3
Profit sharing expense 10.9 13.4
Loss on debt redemption and refinancing activities 5.1 6.8
Provision for allowance for credit losses on trade receivables 0.4 2.2
Provisions for inventory obsolescence 10.6 11.3
Deferred taxes, net (8.0) (15.5)
Net loss on disposal/sale of businesses 4.6 0.9
Other non-cash items 4.8 (0.3)
Changes in operating assets and liabilities:    
Trade receivables, net (19.3) (43.2)
Inventories, net (71.3) (60.2)
Accounts payable 9.1 77.0
Income tax receivable/payable (40.4) 26.6
Other assets and liabilities (85.2) (21.5)
Net cash provided by operating activities 168.5 313.3
Cash flows from investing activities:    
Capital expenditures (87.3) (105.8)
Proceeds related to sale of business and property and equipment, net 0.2 0.3
Businesses acquired in purchase transactions, net of cash acquired 0.0 4.2
Payments associated with debt, equity and equity method investments 0.0 (1.1)
Investment in marketable securities 0.0 (2.2)
Settlement of foreign currency forward contracts 5.4 5.1
Proceeds from cross-currency swaps 1.6 1.6
Net cash used in investing activities (80.1) (97.9)
Cash flows from financing activities:    
Net proceeds (payments) of short-term borrowings 166.5 (2.8)
Proceeds from long-term debt 15.4 404.0
Payments of long-term debt (266.5) (478.6)
Payments of debt modification/extinguishment costs and other 0.0 (6.8)
Dividends paid on common stock (59.7) (59.6)
Impact of tax withholding on share-based compensation (9.3) (8.0)
Principal payments related to financing leases (4.8) (3.9)
Net cash used in financing activities (158.4) (155.7)
Effect of foreign currency exchange rate changes on cash and cash equivalents 52.6 (17.2)
Cash and cash equivalents 371.8 346.1
Restricted cash and cash equivalents 0.0 0.0
Balance, beginning of period 371.8 346.1
Cash and cash equivalents 354.4 388.6
Net change during the period (17.4) 42.5
Restricted cash and cash equivalents 0.0 0.0
Balance, end of period 354.4 388.6
Supplemental Cash Flow Information:    
Interest payments 136.8 154.1
Income tax payments, net of cash refunds 116.0 57.0
Restructuring payments including associated costs 35.3 31.9
Non-cash items:    
Transfers of shares of common stock from treasury for profit sharing contributions $ 26.3 $ 25.4