v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flow From Operating Activities    
Net income $ 419.1 $ 411.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 43.6 45.1
Amortization expense 83.6 72.4
Deferred income taxes 4.4 (12.8)
Business exit related impairments 0.0 51.0
Equity in net earnings of affiliates (5.0) (4.4)
Distributions from unconsolidated affiliates 3.2 4.3
Non-cash compensation expense 42.6 30.2
Other 5.1 5.7
Subtotal 596.6 602.6
Change in assets and liabilities:    
Accounts receivable (5.9) 4.3
Inventories (65.4) (2.9)
Other current assets (12.1) (0.9)
Accounts payable 52.5 (13.5)
Accrued expenses (105.2) (149.6)
Income taxes payable 11.2 (12.9)
Other operating assets and liabilities, net (10.1) (10.6)
Change in Working Capital (135.0) (186.1)
Net Cash Provided By Operating Activities 461.6 416.5
Cash Flow From Investing Activities    
Additions to property, plant and equipment (61.8) (39.0)
Acquisition, net of cash acquired (300.0) 0.0
Other (0.1) (0.6)
Net Cash Used In Investing Activities (361.9) (39.6)
Cash Flow From Financing Activities    
Payment of cash dividends (145.8) (145.0)
Purchase of treasury stock 0.0 (300.0)
Payment of business acquisition liability (180.5) (5.9)
Short-term debt borrowings (repayments) 49.9 0.0
Proceeds from stock options exercised 30.8 26.6
Other stock award activity (5.7) (2.5)
Other (0.4) 0.0
Net Cash Used In Financing Activities (251.7) (426.8)
Effect of exchange rate changes on cash and cash equivalents (2.2) 9.0
Net Change In Cash and Cash Equivalents (154.2) (40.9)
Cash and Cash Equivalents at Beginning of Period 409.0 964.1
Cash and Cash Equivalents at End of Period 254.8 923.2
Cash paid during the period for:    
Interest (net of amounts capitalized) 47.7 46.6
Income taxes 92.6 146.7
Supplemental disclosure of non-cash investing activities:    
Property, plant and equipment expenditures included in Accounts Payable $ 10.2 $ 15.0