v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
May 31, 2025
May 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 523.8 $ 892.8
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Deferred tax provision (benefit) 34.0 25.0
Depreciation 105.2 111.6
Stock-based compensation 10.4 17.3
Noncash lease expense 31.0 29.1
Assets held for sale impairment and related expenses 52.1 0.0
Net gain in connection with Exchangeable Shares 0.0 (83.3)
Change in operating assets and liabilities, net of effects from purchase and sale of business:    
Accounts receivable (73.9) (63.4)
Inventories (20.8) (47.3)
Prepaid expenses and other current assets (25.8) (61.4)
Accounts payable 36.7 62.7
Contract liabilities 6.3 15.6
Other accrued expenses and liabilities (92.3) (97.7)
Other 50.5 (110.5)
Total adjustments 113.4 (202.3)
Net cash provided by (used in) operating activities 637.2 690.5
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant, and equipment (192.8) (375.3)
Investments in equity method investees and securities (7.0) (13.0)
Proceeds from sale of assets 0.0 12.9
Proceeds from sale of business 3.7 0.0
Other investing activities 0.0 (2.0)
Net cash provided by (used in) investing activities (196.1) (377.4)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt 499.1 0.0
Principal payments of long-term debt (1.0) (552.2)
Net proceeds from (repayments of) short-term borrowings (429.2) 551.8
Dividends paid (182.2) (185.3)
Purchases of treasury stock (306.1) (200.0)
Proceeds from shares issued under equity compensation plans 5.3 24.7
Payments of minimum tax withholdings on stock-based payment awards (9.4) (13.8)
Payments of debt issuance, debt extinguishment, and other financing costs (5.2) 0.0
Distributions to noncontrolling interests (7.5) (17.5)
Payment of contingent consideration (1.4) (0.7)
Net cash provided by (used in) financing activities (437.6) (393.0)
Effect of exchange rate changes on cash and cash equivalents 2.3 1.3
Net increase (decrease) in cash and cash equivalents 5.8 (78.6)
Cash and cash equivalents, beginning of period 68.1 152.4
Cash and cash equivalents, end of period 73.9 73.8
Supplemental disclosures of noncash investing and financing activities    
Additions to property, plant, and equipment $ 120.3 $ 195.2

Source