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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows provided by (used in) operating activities:      
Net earnings $ 705.1 $ 905.2 $ 1,025.1
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 1,093.8 996.3 951.7
Share-based compensation 90.2 101.0 99.8
Deferred income tax benefit (87.2) (47.7) (96.3)
Changes in operating assets and liabilities, net of acquired assets and liabilities      
Income taxes (166.6) (158.6) (73.8)
Receivables (127.3) (89.7) (51.9)
Inventories 98.2 49.9 (240.4)
Accounts payable and accrued liabilities 101.8 (322.0) (55.3)
Other assets and liabilities (11.0) 65.0 22.7
Net cash provided by operating activities 1,697.1 1,499.4 1,581.6
Cash flows provided by (used in) investing activities:      
Additions to instruments (300.5) (240.3) (311.7)
Additions to other property, plant and equipment (224.5) (203.8) (291.1)
Net investment hedge settlements (0.4) 22.1 33.4
Acquisition of intangible assets (52.4) (153.0) (103.4)
Business combination investments, net of acquired cash (1,393.2) (276.3) (134.9)
Other investing activities (4.6) (36.9) 28.8
Net cash used in investing activities (1,975.7) (888.1) (778.9)
Cash flows provided by (used in) financing activities:      
Net payments on revolving facilities   (50.0) (325.0)
Proceeds from senior notes 2,492.1 1,436.3 499.8
Redemption of senior notes (1,463.0) (850.0) (86.3)
Payments on term loans     (33.9)
Dividends paid to stockholders (190.3) (196.0) (200.9)
Proceeds from employee stock compensation plans 39.7 82.1 101.1
Business combination contingent consideration payments (25.0) (3.5) (10.3)
Debt issuance costs (22.7) (13.0) (5.8)
Repurchase of common stock (487.0) (868.0) (692.2)
Other financing activities (17.7) (22.4) (10.1)
Net cash provided by (used in) financing activities 326.0 (484.5) (763.5)
Effect of exchange rates on cash and cash equivalents 19.0 (17.1) 0.9
Increase in cash and cash equivalents 66.4 109.7 40.1
Cash and cash equivalents, beginning of year 525.5 415.8 375.7
Cash and cash equivalents, end of year $ 591.9 $ 525.5 $ 415.8