XML 219 R6.htm IDEA: XBRL DOCUMENT v3.24.0.1Close
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities      
Net earnings including noncontrolling interest $ 1,209.2 $ 3,614.2 $ 1,634.9
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]      
Depreciation, depletion and amortization 960.6 933.9 812.9
Deferred and other income taxes (261.2) 344.4 98.8
Equity in net (earnings) of nonconsolidated companies, net of dividends (31.8) (191.5) (2.1)
Accretion expense for asset retirement obligations 96.1 81.6 71.9
Accretion expense for leases 23.1 15.9 13.4
Share-based compensation expense 33.0 27.9 29.5
Unrealized (gain) loss on derivatives (29.0) 4.3 7.2
Foreign Currency Transaction Gain (Loss), before Tax (94.0) (67.9) (2.6)
Closure costs 0.0 0.0 158.1
Loss on sale of securities 19.4 46.6 0.0
Inventory Write-down 56.7 38.0 0.0
Other 37.5 39.0 (5.3)
Pension Settlement 42.4 41.9 0.0
Changes in assets and liabilities:      
Receivables, net 526.3 (215.2) (683.6)
Inventories, net 1,061.4 (749.6) (1,067.9)
Other current assets and noncurrent assets (239.2) (247.4) (18.0)
Accounts payable and accrued liabilities (1,055.1) 219.8 995.1
Other noncurrent liabilities 108.3 (0.1) 144.7
Net cash provided by operating activities 2,407.2 3,935.8 2,187.0 Close
Cash Flows from Investing Activities      
Capital expenditures (1,402.4) (1,247.3) (1,288.6)
Purchases of available-for-sale securities - restricted (1,240.8) (762.5) (433.6)
Proceeds from sale of available-for-sale securities - restricted 1,209.1 743.0 410.1
Other (0.5) 7.2 (10.2)
Net cash used in investing activities (1,317.2) (1,259.6) (1,322.3) Close
Cash Flows from Financing Activities      
Repayments of Other Short-term Debt 9,832.0 1,761.2 726.6
Proceeds from Other Short-term Debt 10,007.1 1,980.5 726.6
Repayments of inventory financing arrangement (601.4) (1,651.5) 0.0
Proceeds From Inventory Financing Arrangements 601.4 1,348.8 302.7
Payments of structured accounts payable arrangements (1,432.9) (1,476.6) (1,028.4)
Proceeds from structured accounts payable arrangements 1,048.2 1,460.5 1,122.7
Collections of transferred receivables 1,468.6 2,352.1 445.0
Payments of transferred receivables (1,468.6) (2,433.2) (363.9)
Payments of long-term debt (995.3) (610.3) (608.3)
Proceeds from Issuance of Long-term Debt 900.0 0.0 0.0
Repurchases of stock (756.0) (1,665.2) (410.9)
Cash dividends paid (351.6) (197.7) (103.7)
Payments of Ordinary Dividends, Noncontrolling Interest (41.5) (38.0) (31.3)
Other (26.5) 13.1 (6.0)
Net cash used in financing activities (1,480.5) (2,678.7) (682.1) Close
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations (2.8) (29.7) 9.3 Close
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (393.3) (32.2) 191.9 Close
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents - Beginning of Period 754.1 786.3 594.4
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents - End of Period 360.8 754.1 786.3
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]      
Cash and cash equivalents 348.8 735.4 769.5
Restricted cash in other current assets 8.6 8.2 8.3
Restricted cash in other assets 3.4 10.5 8.5
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents - End of Period 360.8 754.1 786.3
Gain (Loss) on Disposition of Business (56.5) 0.0 0.0
Proceeds from Sales of Business, Affiliate and Productive Assets 158.4 0.0 0.0
Payments to acquire businesses, gross $ (41.0) $ 0.0 $ 0.0