v3.26.3
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income $ 607.4 $ 663.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale from previous dispositions (3.8) 0.0
Income from equity method investments (2.0) (5.8)
Dividends from affiliates 4.9 6.1
Restructuring charges, net of cash paid 7.3 0.0
Provision for credit losses (gains) 3.7 (1.8)
Unrealized losses, net on derivative contracts 4.4 2.3
Stock-based compensation expense 15.4 21.2
Depreciation and amortization 96.4 79.4
Deferred income taxes 9.1 28.5
Pension expense 2.9 3.2
Pension contributions (0.7) (6.1)
Changes in assets and liabilities, net of effects of acquisitions and divestitures:    
Accounts and notes receivable (289.2) (94.7)
Inventories 26.2 (310.2)
Other current assets 4.3 (7.0)
Accounts payable 94.0 (16.7)
Accrued expenses 27.4 (37.3)
Income taxes payable and receivable, net (40.7) 27.7
Leases, net 7.7 5.2
Other, net 8.7 (5.7)
Net cash provided by operating activities 583.4 351.7
Cash flows from investing activities:    
Proceeds from the disposal of property, plant and equipment 2.0 1.1
Purchases of property, plant and equipment (124.4) (89.6)
Acquisitions, net of cash (209.9) 0.0
(Purchases of) proceeds from investments and other (1.8) 0.9
Net cash used in investing activities (334.1) (87.6)
Cash flows from financing activities:    
Commercial paper borrowings 1,311.0 677.1
Commercial paper payments (1,081.9) (520.1)
Payments on debt arrangements (17.6) (14.2)
Payment of senior unsecured notes 0.0 (300.0)
Borrowings from credit facility 280.0 0.0
Payments on credit facility (280.0) 0.0
Payments of deferred financing costs 0.0 (1.7)
Proceeds from employee stock purchases 5.8 4.0
Repurchases of common stock (301.9) (331.8)
Repurchases of common stock to satisfy employee withholding tax obligations (11.5) (13.3)
Cash dividends paid (137.5) (127.4)
Net cash used in financing activities (233.6) (627.4)
Increase (decrease) in cash, cash equivalents and restricted cash 15.7 (363.3)
Effect of exchange rates on cash, cash equivalents and restricted cash equivalents (2.7) 1.1
Cash, cash equivalents and restricted cash, beginning of period 52.7 415.1
Cash, cash equivalents and restricted cash, end of period 65.7 52.9
Supplemental disclosures of cash flow information:    
Interest paid 57.4 39.7
Income taxes paid (net of refunds) $ 198.2 $ 91.5