| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 | Dec'13 | Sep'13 | Jun'13 | Mar'13 | Dec'12 | Sep'12 | Jun'12 | Mar'12 | Dec'11 | Sep'11 | Jun'11 | Mar'11 | Dec'10 | Sep'10 | Jun'10 | Mar'10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||||||||||||||||||||||
Net earnings | ||||||||||||||||||||||||||||||||||||||||
318,500 | 333,900 | 300,100 | 290,500 | 289,300 | 306,100 | 289,400 | 282,000 | 284,500 | 292,700 | 338,000 | 349,000 | 381,200 | 386,200 | 386,300 | 388,800 | 347,500 | 329,200 | 269,000 | 221,900 | 120,300 | 101,200 | 85,900 | 108,900 | 203,900 | 199,700 | 267,400 | 262,000 | 255,500 | 250,500 | 185,800 | 164,500 | 154,600 | 156,400 | 179,600 | 183,600 | 182,200 | 182,800 | 0 | 0 | 0 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ||||||||||||||||||||||||||||||||||||||||
Depreciation | ||||||||||||||||||||||||||||||||||||||||
118,500 | 117,500 | 114,800 | 111,200 | 107,900 | 104,300 | 101,500 | 99,100 | 98,000 | 95,300 | 92,900 | 91,500 | 88,500 | 86,800 | 85,900 | 84,800 | 82,100 | 83,500 | 85,600 | 86,900 | 90,300 | 89,900 | 90,100 | 89,800 | 89,900 | 90,100 | 88,800 | 90,300 | 89,900 | 90,400 | 92,900 | 92,600 | 95,600 | 98,100 | 100,400 | 102,300 | 101,400 | 103,000 | 0 | 0 | 0 |
Amortization of intangibles and supply agreements | ||||||||||||||||||||||||||||||||||||||||
74,600 | 74,400 | 65,000 | 54,000 | 41,100 | 31,800 | 31,000 | 31,800 | 31,000 | 30,600 | 30,500 | 28,900 | 28,900 | 28,600 | 28,700 | 29,100 | 29,800 | 29,700 | 29,700 | 29,100 | 28,300 | 28,000 | 31,800 | 32,100 | 32,300 | 32,500 | 29,300 | 30,100 | 29,400 | 28,600 | 25,000 | 21,700 | 20,200 | 18,800 | 19,400 | 19,600 | 19,600 | 19,800 | 0 | 0 | 0 |
Impairments | ||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | - | 0 | 0 | 0 | - | 0 | 0 | 0 |
Impairments | ||||||||||||||||||||||||||||||||||||||||
0 | - | 0 | 0 | 0 | - | 0 | 0 | 0 | - | 0 | 0 | 0 | - | - | - | - | 2,400 | 2,600 | 2,700 | 2,600 | 1,300 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Goodwill impairment | ||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,100 | 4,100 | 4,100 | 112,100 | 108,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Provision for losses on accounts and notes receivable | ||||||||||||||||||||||||||||||||||||||||
21,700 | 2,800 | 17,100 | 17,500 | 17,400 | 16,700 | 2,400 | 1,400 | -600 | 800 | -200 | 800 | 2,000 | 1,600 | 1,800 | 1,300 | 2,300 | 2,600 | 3,700 | 6,000 | 5,300 | 4,900 | 5,900 | 4,700 | 5,600 | 6,100 | 4,900 | 4,600 | 3,700 | 4,900 | 5,700 | 6,700 | 8,300 | 8,600 | 7,900 | 7,000 | 8,600 | 6,900 | 0 | 0 | 0 |
Writedown of inventories | ||||||||||||||||||||||||||||||||||||||||
7,400 | 9,000 | 13,300 | 13,800 | 13,200 | 10,300 | 6,900 | 4,000 | 5,400 | 4,900 | 7,600 | 10,500 | 8,600 | 8,900 | 7,500 | 7,100 | 8,900 | 9,800 | 9,300 | 10,600 | 10,100 | 10,000 | 8,700 | 4,900 | 12,200 | 11,800 | 12,100 | 15,900 | 9,100 | 10,200 | 10,900 | 10,800 | 10,400 | 10,400 | 11,700 | 12,900 | 12,700 | 12,600 | 0 | 0 | 0 |
Net gain from sales of assets and businesses | ||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | 2,100 | 26,400 | 25,600 | 24,400 | 24,400 | 16,800 | 17,700 | 36,200 | 38,500 | 20,100 | 19,700 | 4,700 | 3,700 | -3,900 | -3,600 | -6,800 | -4,200 | 4,800 | 5,600 | 9,500 | 8,600 | 8,900 | 8,400 | 4,500 | 3,300 | 4,100 | 4,700 | 4,400 | 10,900 | 10,100 | 8,300 | 8,600 | 11,600 | 0 | 0 | 0 |
Deferred income tax (benefit) expense | ||||||||||||||||||||||||||||||||||||||||
11,300 | -7,600 | -300 | -3,400 | 1,100 | 3,200 | -12,600 | -12,800 | -11,900 | -16,600 | -5,300 | -13,700 | -18,000 | -17,600 | -36,000 | -15,200 | -20,200 | -24,100 | 11,300 | 15,800 | 40,600 | 39,800 | 62,800 | 49,500 | 29,300 | 32,900 | 10,600 | 6,200 | 17,500 | 21,900 | 11,800 | 13,700 | 5,600 | 1,100 | -61,000 | -42,900 | -42,400 | -30,200 | 0 | 0 | 0 |
Stock-based compensation | ||||||||||||||||||||||||||||||||||||||||
32,700 | 33,000 | 32,800 | 32,800 | 34,600 | 35,500 | 35,100 | 35,600 | 35,000 | 36,600 | 36,600 | 35,500 | 35,000 | 37,100 | 40,300 | 43,600 | 45,400 | 45,200 | 45,400 | 44,800 | 43,300 | 41,600 | 37,500 | 36,300 | 35,300 | 36,300 | 36,300 | 35,700 | 34,800 | 33,800 | 32,000 | 32,500 | 32,500 | 35,300 | 37,100 | 37,000 | 37,600 | 37,600 | 0 | 0 | 0 |
Tax benefits from stock-based compensation payments | ||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15,700 | 20,200 | 22,200 | 20,700 | 10,600 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other, net | ||||||||||||||||||||||||||||||||||||||||
-13,300 | -2,200 | -2,100 | 2,200 | -400 | -2,000 | -600 | 4,300 | 11,600 | 8,500 | -3,500 | -5,100 | -8,800 | -7,300 | -2,000 | -6,700 | 1,900 | -3,100 | -200 | 8,700 | 6,100 | 9,400 | 12,700 | 700 | -4,700 | -1,000 | -10,200 | 900 | -800 | -4,100 | 2,000 | 200 | 10,900 | 7,800 | 14,100 | 8,100 | 700 | 3,700 | 0 | 0 | 0 |
Increases/decreases in, excluding effects from acquisitions and divestitures: | ||||||||||||||||||||||||||||||||||||||||
Accounts and other receivables | ||||||||||||||||||||||||||||||||||||||||
-63,300 | -53,000 | -5,000 | -2,300 | 4,000 | 25,800 | 37,500 | 54,500 | 20,100 | 40,600 | 34,900 | 42,600 | 52,300 | -3,400 | 32,000 | 1,900 | -8,100 | 16,400 | -32,100 | 1,700 | 29,700 | 97,700 | 49,700 | 37,900 | 30,100 | 13,300 | -29,000 | 6,600 | -37,400 | -60,600 | 16,000 | -7,800 | -2,200 | 29,500 | 32,500 | 34,400 | 64,000 | 34,700 | 0 | 0 | 0 |
Inventories | ||||||||||||||||||||||||||||||||||||||||
-5,100 | -53,300 | -39,000 | -32,400 | 19,300 | 54,300 | 54,400 | 49,700 | 39,100 | 48,100 | 52,500 | 60,800 | 49,500 | 33,300 | 27,400 | 30,400 | 26,200 | 49,100 | 57,700 | 39,700 | 31,100 | 21,900 | 14,400 | -5,300 | 14,700 | 4,100 | 14,800 | 7,700 | 41,500 | 39,100 | 7,400 | 11,300 | 3,600 | 16,300 | 6,300 | 46,400 | 22,000 | 31,200 | 0 | 0 | 0 |
Other current assets | ||||||||||||||||||||||||||||||||||||||||
3,300 | 2,800 | 3,200 | -1,300 | 4,200 | 1,900 | 24,400 | 37,300 | 41,900 | 36,800 | 14,400 | 7,600 | -600 | 2,100 | 1,700 | -1,400 | -1,500 | 400 | -3,200 | -2,400 | -3,000 | -1,400 | -800 | 4,100 | 5,100 | 1,000 | 1,200 | 400 | 800 | 2,900 | 3,700 | 3,800 | 3,700 | 1,700 | -8,200 | -21,400 | -21,500 | -21,600 | 0 | 0 | 0 |
Accounts payable | ||||||||||||||||||||||||||||||||||||||||
-100 | -39,400 | 6,600 | -29,800 | -23,000 | 36,200 | 43,800 | 54,500 | 22,100 | 58,800 | 37,300 | 41,000 | 57,400 | 50,800 | -4,400 | -11,000 | -27,100 | -54,300 | -9,600 | -3,600 | 24,500 | 47,500 | 43,400 | 23,300 | 19,500 | 35,000 | 19,400 | 15,800 | 21,000 | 27,400 | 17,100 | 42,500 | 5,800 | 29,400 | 36,100 | 14,800 | 49,200 | 24,900 | 0 | 0 | 0 |
Accrued expenses and other current liabilities | ||||||||||||||||||||||||||||||||||||||||
-1,100 | 16,400 | 7,500 | 5,400 | -10,400 | -200 | -11,500 | -17,000 | 400 | -13,500 | -2,300 | 1,000 | 6,100 | -3,700 | -30,400 | -37,900 | -59,500 | -50,600 | 34,000 | 106,000 | 116,300 | 124,300 | 62,800 | 10,400 | 5,000 | 9,800 | 4,500 | 6,100 | -3,800 | 11,400 | 11,000 | -3,700 | 5,200 | 4,300 | -2,000 | 5,400 | -8,800 | 1,900 | 0 | 0 | 0 |
NET CASH PROVIDED BY OPERATING ACTIVITIES | ||||||||||||||||||||||||||||||||||||||||
647,000 | 668,000 | 605,800 | 519,400 | 427,600 | 440,300 | 433,300 | 412,200 | 430,100 | 443,700 | 428,400 | 446,600 | 499,000 | 552,600 | 488,000 | 494,300 | 438,300 | 359,100 | 423,000 | 425,400 | 433,700 | 381,900 | 393,800 | 377,100 | 373,200 | 416,900 | 447,500 | 426,600 | 408,600 | 449,700 | 367,900 | 374,200 | 347,200 | 328,900 | 356,100 | 345,600 | 358,200 | 362,500 | 0 | 0 | 0 |
INVESTING ACTIVITIES | ||||||||||||||||||||||||||||||||||||||||
Additions to property, plant and equipment | ||||||||||||||||||||||||||||||||||||||||
135,500 | 143,100 | 140,000 | 148,900 | 151,100 | 159,600 | 163,000 | 161,500 | 165,400 | 159,400 | 159,900 | 145,200 | 130,600 | 124,000 | 107,800 | 109,800 | 109,200 | 103,200 | 109,600 | 107,000 | 100,700 | 94,100 | 83,600 | 77,100 | 75,900 | 80,600 | 77,500 | 75,600 | 73,200 | 71,000 | 71,800 | 74,500 | 75,900 | 75,000 | 75,800 | 75,500 | 70,900 | 67,700 | 0 | 0 | 0 |
Purchases of companies, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||
20,800 | 1,265,100 | 1,245,600 | 1,263,300 | 1,267,700 | 109,200 | 108,000 | 90,500 | 87,000 | 39,100 | 40,500 | 51,400 | 51,000 | 29,500 | 28,000 | 16,900 | 15,300 | 11,100 | 11,300 | 30,300 | 80,600 | 70,400 | 71,600 | 69,000 | 29,800 | 27,900 | 47,800 | 31,900 | 22,900 | 211,600 | 190,300 | 191,700 | 194,800 | 6,600 | 11,100 | 9,200 | 5,100 | 4,900 | 0 | 0 | 0 |
Proceeds from sales of assets and businesses | ||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | 4,900 | 36,300 | 45,500 | 45,500 | 45,200 | 44,500 | 33,700 | 85,100 | 86,100 | 87,800 | 89,900 | 47,400 | 51,400 | 82,300 | 82,200 | 74,300 | 76,500 | 14,100 | 14,300 | 25,500 | 18,900 | 23,300 | 22,800 | 13,500 | 15,800 | 15,800 | 15,600 | 13,900 | 26,800 | 22,000 | 36,700 | 36,000 | 28,900 | 0 | 0 | 0 |
Other, net | ||||||||||||||||||||||||||||||||||||||||
7,500 | 15,500 | 7,900 | 18,700 | 12,500 | 13,900 | 15,100 | 6,800 | 7,600 | 11,700 | 11,400 | 10,400 | 11,300 | 10,000 | 10,500 | 7,800 | 7,200 | 6,700 | 3,800 | 6,400 | 13,800 | 14,700 | 17,300 | 17,100 | 9,400 | 6,900 | 3,800 | 3,400 | 3,400 | 4,800 | 8,500 | 8,500 | 8,500 | 4,600 | 3,800 | 1,000 | 200 | -100 | 0 | 0 | 0 |
NET CASH USED FOR INVESTING ACTIVITIES | ||||||||||||||||||||||||||||||||||||||||
-158,300 | -1,418,200 | -1,387,000 | -1,425,900 | -1,428,000 | -277,800 | -249,800 | -213,300 | -214,500 | -165,000 | -191,900 | -197,900 | -132,400 | -102,000 | -58,500 | -44,600 | -84,300 | -69,600 | -42,400 | -61,500 | -120,800 | -102,700 | -158,400 | -127,700 | -68,400 | -75,300 | -84,600 | -110,500 | -108,400 | -294,000 | -277,200 | -259,100 | -242,500 | -36,600 | -68,700 | -49,000 | -61,700 | -65,100 | 0 | 0 | 0 |
FINANCING ACTIVITIES | ||||||||||||||||||||||||||||||||||||||||
Additions to long-term debt | ||||||||||||||||||||||||||||||||||||||||
0 | 993,300 | 993,300 | 993,300 | 993,300 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | 400 | 299,600 | 299,700 | 299,700 | 299,300 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | 200 | -76,300 | 30,400 | 24,100 | 0 | 0 | 0 | 0 |
Payments on long-term debt | ||||||||||||||||||||||||||||||||||||||||
49,200 | 37,600 | 28,200 | 166,200 | 155,300 | 155,400 | 155,100 | 5,200 | 5,300 | 9,200 | 7,000 | 9,500 | 9,700 | 5,400 | 5,300 | 203,000 | 203,100 | 205,000 | 385,200 | 185,000 | 184,600 | 188,100 | 7,900 | 8,300 | 208,900 | 203,700 | 204,500 | 204,000 | 11,600 | 11,800 | 11,700 | -800 | -8,800 | 3,600 | -31,100 | 2,300 | 7,400 | 13,500 | 0 | 0 | 0 |
Change in commercial paper and short-term debt | ||||||||||||||||||||||||||||||||||||||||
47,000 | -8,700 | -75,900 | 138,000 | 221,700 | 69,600 | -185,100 | -231,700 | -217,000 | -202,700 | 144,300 | 142,000 | 89,200 | 11,500 | 73,400 | 225,300 | 249,900 | 201,300 | 65,000 | -202,400 | -117,800 | -24,200 | 52,200 | 138,900 | 50,700 | 23,300 | 102,600 | -146,600 | -192,000 | -85,800 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Dividends paid | ||||||||||||||||||||||||||||||||||||||||
207,700 | 204,600 | 201,500 | 198,300 | 195,800 | 193,700 | 191,800 | 190,000 | 187,700 | 185,600 | 183,400 | 181,300 | 179,300 | 177,400 | 175,600 | 172,600 | 172,400 | 171,600 | 170,600 | 169,300 | 168,200 | 167,500 | 167,200 | 167,200 | 166,900 | 124,900 | 164,600 | 162,700 | 160,500 | 199,500 | 156,400 | 155,300 | 155,200 | 155,900 | 156,500 | 156,500 | 155,900 | 154,900 | 0 | 0 | 0 |
Issuances of common stock | ||||||||||||||||||||||||||||||||||||||||
3,400 | 9,300 | 7,900 | 11,200 | 11,000 | 4,800 | 4,900 | 1,200 | 1,600 | 2,600 | 2,900 | 4,100 | 5,000 | 4,900 | 5,200 | 5,800 | 6,000 | 8,300 | 12,400 | 18,200 | 21,000 | 21,800 | 17,800 | 13,200 | 12,800 | 36,900 | 56,800 | 63,700 | 60,500 | 35,600 | 17,400 | 9,200 | 20,000 | 20,500 | 21,900 | 22,200 | 25,800 | 23,800 | 0 | 0 | 0 |
Purchases of common stock | ||||||||||||||||||||||||||||||||||||||||
16,100 | 16,400 | 12,000 | 13,800 | 65,700 | 112,400 | 113,000 | 150,200 | 108,600 | 157,600 | 173,400 | 149,700 | 195,600 | 198,000 | 210,400 | 235,200 | 234,200 | 191,500 | 183,200 | 151,400 | 163,600 | 149,700 | 184,700 | 205,300 | 177,800 | 169,400 | 128,000 | 105,000 | 65,600 | 30,000 | 15,900 | 59,700 | 117,600 | 225,300 | 255,100 | 213,800 | 209,800 | 130,100 | 0 | 0 | 0 |
Purchase of remaining interest in noncontrolling interest | ||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 2,600 | 2,600 | 2,600 | 37,800 | 35,200 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Tax benefits from stock-based compensation payments | ||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15,700 | 20,200 | 22,200 | 20,700 | 10,600 | 5,300 | 2,700 | 2,900 | 6,600 | 10,500 | 11,300 | 10,700 | 6,700 | 3,000 | 2,700 | 2,700 | 7,200 | 0 | 0 | 0 | - | - | - | - |
Other, net | ||||||||||||||||||||||||||||||||||||||||
-2,900 | -3,100 | -12,100 | -500 | -1,200 | -500 | 8,400 | -800 | -100 | -600 | 400 | 300 | -1,600 | -2,500 | -2,900 | -7,600 | -6,700 | -6,800 | -11,700 | -7,400 | -7,200 | -5,800 | -2,500 | -3,500 | -3,500 | -3,100 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | -2,900 | 0 | 0 | 0 |
NET CASH PROVIDED BY FINANCING ACTIVITIES | ||||||||||||||||||||||||||||||||||||||||
-226,600 | 731,100 | 669,700 | 759,800 | 798,700 | -396,900 | -147,700 | -91,700 | -25,900 | -64,500 | -220,500 | -198,600 | -329,900 | -402,200 | -349,700 | -420,400 | -356,200 | -349,200 | -353,500 | -375,400 | -300,000 | -203,600 | -286,900 | -229,500 | -490,700 | -434,300 | -333,800 | -295,100 | -110,300 | -36,600 | -46,900 | -57,600 | -41,700 | -303,600 | -354,200 | -354,300 | -356,900 | -313,600 | 0 | 0 | 0 |
EFFECT OF EXCHANGE RATE CHANGES ON CASH | ||||||||||||||||||||||||||||||||||||||||
-19,600 | -1,400 | -10,000 | -10,000 | -29,600 | -23,600 | -15,200 | 4,100 | 36,300 | 30,000 | 9,600 | 200 | -18,300 | -19,700 | -13,700 | -19,600 | -9,800 | -19,900 | -18,800 | -17,600 | -19,300 | -15,500 | -4,500 | 4,000 | 5,100 | 6,300 | 4,900 | 4,800 | -1,700 | 3,700 | 2,300 | -6,300 | 2,800 | 3,100 | 8,900 | 17,500 | 8,600 | 200 | 0 | 0 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ||||||||||||||||||||||||||||||||||||||||
242,500 | -20,500 | -121,500 | -156,700 | -231,300 | -258,000 | 20,600 | 111,300 | 226,000 | 244,200 | 25,600 | 50,300 | 18,400 | 28,700 | 66,100 | 9,700 | -12,000 | -79,600 | 8,300 | -29,100 | -6,400 | 60,100 | -56,000 | 23,900 | -180,800 | -86,400 | 34,000 | 25,800 | 188,200 | 122,800 | 46,100 | 51,200 | 65,800 | -8,200 | -57,900 | -40,200 | -51,800 | -16,000 | 0 | 0 | 0 |