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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES FROM CONTINUING OPERATIONS:    
Net income before non-controlling interests $ 448.5 $ 204.8
Loss (income) from discontinued operations, net of tax 0.6 (1.3)
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 82.5 72.5
Amortization of stock-based compensation 46.3 86.6
Amortization of deferred financing costs 1.9 2.6
Bad debt expense 2.4 32.8
Deferred income taxes 2.0 (23.4)
Dividends received from unconsolidated affiliates 18.2 15.8
Equity income in earnings of unconsolidated affiliates (20.5) (9.6)
Loss on extinguishment of debt 3.0 0.9
Foreign currency adjustments and other 1.0 0.4
Changes in operating assets and liabilities, net of effect of business acquisitions 11.6 115.8
Net cash provided by operating activities from continuing operations 597.5 497.9
CASH FLOWS FROM INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:    
Purchases of property, plant and equipment (82.1) (73.6)
Acquisitions, net of cash acquired (426.0) (37.9)
Other 0.1 0.1
Net cash used in investing activities from continuing operations (508.0) (111.4)
CASH FLOWS FROM FINANCING ACTIVITIES FROM CONTINUING OPERATIONS:    
Proceeds from borrowings under long-term debt obligations 3,664.2 1,073.9
Repayments of borrowings under long-term debt obligations (2,675.8) (1,094.9)
Proceeds from exercise of stock options 14.4 2.4
Treasury stock repurchased (565.8) (199.6)
Dividends paid (45.8) 0.0
Payments of deferred financing costs (25.3) (1.4)
Repayments of finance lease obligations and other (9.5) (8.9)
Net cash provided by (used in) financing activities from continuing operations 356.4 (228.5)
Net cash provided by continuing operations 445.9 158.0
Net operating cash flows (used in) provided by discontinued operations (0.8) 1.5
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (6.8) 4.8
Increase in cash and cash equivalents 438.3 164.3
CASH AND CASH EQUIVALENTS, beginning of period 65.0 64.9
CASH AND CASH EQUIVALENTS, end of period 503.3 229.2
Cash paid during the period for:    
Interest 32.8 46.1
Income taxes, net of refunds $ 115.0 $ 47.0