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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES FROM CONTINUING OPERATIONS:    
Net income before non-controlling interests $ 222.1 $ 271.1
Loss from discontinued operations, net of tax 0.0 0.5
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 61.3 53.5
Amortization of stock-based compensation 26.9 30.2
Amortization of deferred financing costs 1.9 1.2
Bad debt expense 3.8 2.9
Deferred income taxes (6.7) 8.0
Dividends received from unconsolidated affiliates 3.9 5.3
Equity income in earnings of unconsolidated affiliates (9.5) (13.7)
Loss on extinguishment of debt 0.0 3.0
Foreign currency adjustments and other 0.2 0.6
Changes in operating assets and liabilities, net of effect of business acquisitions (237.4) (49.6)
Net cash provided by operating activities from continuing operations 66.5 313.0
CASH FLOWS FROM INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:    
Purchases of property, plant and equipment (130.2) (52.6)
Acquisitions, net of cash acquired 0.0 (5.6)
Other 1.1 0.3
Net cash used in investing activities from continuing operations (129.1) (57.9)
CASH FLOWS FROM FINANCING ACTIVITIES FROM CONTINUING OPERATIONS:    
Proceeds from borrowings under long-term debt obligations 1,317.9 1,936.1
Repayments of borrowings under long-term debt obligations (771.7) (1,782.3)
Proceeds from exercise of stock options 0.2 8.5
Treasury stock repurchased (612.0) (374.4)
Dividends paid (36.2) (28.1)
Payments of deferred financing costs 0.0 (14.2)
Repayments of finance lease obligations and other (8.4) (6.1)
Net cash used in financing activities from continuing operations (110.2) (260.5)
Net cash used in continuing operations (172.8) (5.4)
Net operating cash flows used in discontinued operations 0.0 (0.7)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (17.6) (0.8)
Decrease in cash and cash equivalents (190.4) (6.9)
CASH AND CASH EQUIVALENTS, beginning of period 300.7 65.0
CASH AND CASH EQUIVALENTS, end of period 110.3 58.1
Cash paid during the period for:    
Interest 45.6 28.2
Income taxes, net of refunds $ 48.0 $ 71.9