Cash flow Statement (Annual, GAAP
in millions $) |
(Dec 31 2023) 12 Months |
(Dec 31 2022) 12 Months |
(Dec 31 2021) 12 Months |
(Dec 31 2020) 12 Months |
(Dec 31 2019) 12 Months |
Income |
1,056.83 |
1,065.38 |
1,123.82 |
683.45 |
677.92 |
Depreciation & amortization |
317.46 |
307.54 |
290.12 |
279.05 |
272.29 |
Amortization of Other Assets |
- |
- |
- |
- |
- |
Write-down of investments
|
- |
- |
- |
- |
- |
Business Combination, Bargain Purchase, Gain Recognized, Amount |
- |
- |
- |
- |
- |
Provision for Doubtful Accounts |
2.88 |
5.55 |
5.05 |
11.17 |
5.93 |
Increase (Decrease) in Inventories |
145.45 |
-199.03 |
-297.62 |
10.52 |
-56.87 |
Asset impairment |
- |
- |
- |
- |
- |
Gain (Loss) on Disposition of Assets, Total |
- |
- |
-206.34 |
-5.21 |
46.95 |
Defined Benefit Plan, Net Periodic Benefit Cost |
5.68 |
3.10 |
11.90 |
7.21 |
5.84 |
Sale of property & equipment |
- |
- |
- |
- |
- |
Foreign Currency Transaction Loss, before Tax |
- |
- |
- |
- |
23.54 |
Defined Benefit Plan Contributions By Employer |
- |
- |
- |
- |
- |
Income taxes |
-99.29 |
-28.14 |
-48.32 |
-25.64 |
-11.97 |
Losses/ -gains on investments net |
- |
- |
- |
- |
- |
Increase (Decrease) in Accounts Receivable |
86.50 |
-209.02 |
-201.54 |
122.41 |
7.68 |
Increase (Decrease) in Accounts Payable |
-104.58 |
15.42 |
229.33 |
-95.64 |
18.27 |
Accrued Expense |
-87.04 |
-101.76 |
111.83 |
122.39 |
-34.09 |
Pension plan |
- |
- |
- |
- |
- |
Increase (Decrease) in Prepaid Expense and Other Assets |
10.16 |
-3.49 |
-14.30 |
-17.92 |
-25.80 |
Other Working Capital |
-12.39 |
-18.22 |
-7.37 |
-6.59 |
-3.65 |
Prepaid expenses |
- |
- |
- |
- |
- |
Other net |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Operating Activities |
14.67 |
-31.60 |
119.30 |
19.61 |
19.27 |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Operating Activities |
1,336.35 |
805.72 |
1,115.87 |
1,104.81 |
945.31 |
Capital Expenditures |
-192.59 |
-220.96 |
-171.47 |
-165.69 |
-186.80 |
Sale of Capital Items |
4.23 |
6.06 |
7.07 |
7.21 |
4.17 |
Short-term investments - liq. |
- |
- |
- |
- |
- |
Short-term investments - acq. |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Hedge, Investing Activities |
- |
- |
- |
- |
- |
Purchases of other investments |
- |
- |
- |
- |
- |
Minority interest |
- |
- |
- |
- |
- |
Proceeds from sale of investments |
- |
- |
- |
- |
- |
Purchases of Investments |
- |
- |
- |
- |
- |
Purchases of non-current assets |
- |
- |
- |
- |
- |
Payments to Acquire Businesses, Net of Cash Acquired |
-533.62 |
-312.86 |
-1,112.08 |
335.79 |
432.09 |
Investment in affiliate |
- |
- |
- |
- |
- |
Proceeds from Divestiture of Businesses and Interests in Affiliates |
- |
- |
274.98 |
15.40 |
24.22 |
Proceeds from sale of assets |
- |
- |
- |
- |
- |
Note receivable |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Investing Activities |
-4.65 |
-13.17 |
8.74 |
-2.51 |
-10.15 |
Other Net |
- |
0.00 |
- |
-671.57 |
-647.77 |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Investing Activities |
-726.63 |
-540.92 |
-992.75 |
-481.38 |
-384.26 |
Short-term debt Net |
-267.49 |
629.89 |
105.00 |
-84.70 |
-135.65 |
Other borrowing transactions |
- |
- |
- |
- |
- |
Long-term debt - borrowings |
- |
- |
- |
- |
847.47 |
Long-term debt - repayments |
- |
- |
- |
- |
-805.11 |
Noncontrolling interest |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Comm. Stock |
- |
-585.00 |
-21.64 |
-106.28 |
-143.28 |
Exercise of stock options |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Pref. Stock |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Other financing activities net |
- |
- |
- |
- |
- |
Other net |
-16.27 |
-17.61 |
-46.35 |
-31.00 |
-39.27 |
Proceeds From Exercise Stock Options Including Tax Benefits |
- |
- |
- |
- |
- |
Transfer Of Cash And Cash Equivalents At Spin Off Net |
- |
- |
- |
- |
- |
Dividends paid to minority interests |
- |
- |
- |
- |
- |
Dividends paid |
-284.30 |
-287.55 |
-286.90 |
-284.31 |
-282.20 |
Net Cash flow from
Financing Activities |
-568.06 |
-260.27 |
-249.88 |
-506.29 |
-558.04 |
Effect of exchange rate on cash flow |
-6.67 |
-9.17 |
-0.80 |
-1.32 |
-1.98 |
Discontinued operations |
- |
- |
- |
- |
- |
Free
Cash Flow |
1,147.99 |
590.82 |
951.47 |
946.33 |
762.67 |
Total Cash Flow |
34.99 |
-4.64 |
-127.57 |
115.82 |
1.03 |
Cash & cash equiv. at beg.
of the Year |
- |
- |
- |
513.08 |
397.25 |
Cash & cash equivalents at
end of period |
- |
- |
- |
- |
- |
Cash Interests paid |
- |
- |
- |
- |
- |
Cash Income taxes paid |
- |
- |
- |
- |
- |