v3.26.1
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net income $ 589.2 $ 434.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 138.7 138.4
Stock-based compensation 36.7 28.1
Other (0.8) (5.2)
Changes in operating assets and liabilities:    
Accounts receivable (673.3) (326.8)
Inventories (139.1) (219.8)
Prepaid expenses and other assets 86.0 117.6
Accounts payable and other liabilities 276.2 126.5
Net cash provided by operating activities 313.6 293.5
Investing activities:    
Acquisitions   (2.8)
Purchases of property, plant and equipment (157.6) (174.5)
Proceeds from sales of property, plant and equipment 15.4 12.9
Other (4.6) 5.6
Net cash used in investing activities (146.8) (158.8)
Financing activities:    
Proceeds from long-term debt borrowings 1,577.0 1,063.0
Principal payments on long-term debt (1,334.7) (781.0)
Cash dividends and dividend equivalents (130.4) (128.3)
Share repurchases (234.2) (333.1)
Taxes paid on net-settled restricted stock units (14.8) (11.6)
Excise tax on repurchase of common shares (5.4) (10.0)
Other (3.7) (21.0)
Net cash used in financing activities (146.2) (222.0)
Effect of exchange rate changes on cash and cash equivalents (1.8) 8.7
Increase (decrease) in cash and cash equivalents 18.8 (78.6)
Cash and cash equivalents, beginning balance 216.6 318.1
Cash and cash equivalents, ending balance 235.4 239.5
Supplemental cash flow information:    
Interest paid 32.7 24.0
Income taxes paid, net $ 142.7 $ 71.0

Source

10-Q XBRL Zip