v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities    
Net earnings $ 166.0 $ 129.4
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation, depletion, accretion and amortization 170.3 186.4
Noncash operating lease expense 13.5 13.5
Net (gain) loss on sale of property, plant & equipment and businesses 0.3 (7.4)
Contributions to pension plans (0.8) (1.2)
Share-based compensation expense 15.5 13.9
Deferred income taxes, net 3.3 (1.8)
Changes in assets and liabilities before initial effects of business acquisitions and dispositions (130.5) (85.2)
Other, net 3.5 3.9
Net cash provided by operating activities 241.1 251.5
Investing Activities    
Purchases of property, plant & equipment (176.5) (168.0)
Proceeds from sale of property, plant & equipment 1.6 17.7
Proceeds from sale of businesses 0.0 19.0
Payment for businesses acquired, net of acquired cash and adjustments (0.0) 4.7
Other, net (0.0) 0.1
Net cash used for investing activities (174.9) (126.5)
Financing Activities    
Proceeds from short-term debt 197.0 0.0
Payment of short-term debt and other financing obligations (50.0) (0.0)
Payment of current maturities and long-term debt (0.4) (400.4)
Payment of finance leases (3.3) (2.9)
Purchases of common stock (149.5) (38.1)
Dividends paid (67.9) (66.0)
Share-based compensation, shares withheld for taxes (37.8) (25.4)
Other, net 0.0 (0.1)
Net cash used for financing activities (111.9) (532.9)
Net decrease in cash and cash equivalents and restricted cash (45.7) (407.9)
Cash and cash equivalents and restricted cash at beginning of year 189.4 600.8
Cash and cash equivalents and restricted cash at end of period $ 143.7 $ 192.9