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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities:    
Net income $ 759.5 $ 687.7
Adjustments to arrive at cash provided by operating activities:    
Depreciation 91.0 92.6
Amortization of intangible assets 36.7 19.6
Change in fair value of investments (101.7) 140.1
Share-based compensation expense 34.7 32.5
Retirement benefit expense 94.9 51.6
Pension contributions (24.7) (22.0)
Net (gain) loss on disposition of property (12.5) 1.9
Settlement of interest rate derivatives 22.0 (35.7)
Changes in assets and liabilities, excluding effects of acquisitions and foreign currency adjustments:    
Receivables 10.5 (34.4)
Inventories (41.4) (77.1)
Accounts payable (30.8) (38.1)
Contract liabilities 63.6 26.5
Compensation and benefits (52.1) (73.7)
Income taxes (81.8) (66.3)
Other assets and liabilities 26.8 1.8
Cash provided by operating activities 794.7 707.0
Investing activities:    
Capital expenditures (91.9) (108.7)
Acquisition of businesses, net of cash acquired (545.9) (20.7)
Purchases of investments (10.7) (3.3)
Proceeds from maturities of investments 6.0 258.7
Proceeds from sale of investments 37.9 0.0
Proceeds from sale of property 14.8 3.3
Other investing activities (1.3) 0.0
Cash (used for) provided by investing activities (591.1) 129.3
Financing activities:    
Net issuance (repayment) of short-term debt   (550.4)
Issuance of short-term debt, net of issuance costs 422.7  
Issuance of long-term debt, net of discount and issuance costs 0.0 987.6
Repayment of long-term debt (300.7) 0.0
Cash dividends (354.3) (346.9)
Purchases of treasury stock (264.2) (787.4)
Proceeds from the exercise of stock options 187.4 36.5
Other financing activities 0.8 0.0
Cash used for financing activities (308.3) (660.6)
Effect of exchange rate changes on cash (3.9) (5.7)
(Decrease) increase in cash and cash equivalents (108.6) 170.0
Cash and cash equivalents at beginning of period 1,018.4 618.8
Cash and cash equivalents at end of period $ 909.8 $ 788.8