XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.4
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash Flows From Operating Activities    
Net earnings $ 108.0 $ 114.4
Adjustments to reconcile net earnings to net cash flows used in operating activities:    
Depreciation and amortization 42.5 41.1
Amortization of acquired intangibles and purchased intellectual property 109.5 131.2
Amortization of other assets 64.1 66.3
Write-down of long-lived asset and related charges 0.5 8.1
Stock-based compensation expense 36.5 36.2
Deferred income taxes (35.3) 16.4
Other (3.7) (19.3)
Current assets and liabilities:    
Decrease in Accounts receivable, net 110.9 49.2
(Increase) decrease in Other current assets 13.2 (32.5)
Decrease in Payables and accrued expenses (307.4) (236.5)
Increase in Contract liabilities 2.0 28.3
Non-current assets and liabilities:    
Increase in Other non-current assets (291.8) (321.5)
Increase in Other non-current liabilities 69.4 24.0
Net cash flows used in operating activities (81.4) (94.6)
Cash Flows From Investing Activities    
Capital expenditures (15.9) (11.3)
Software purchases and capitalized internal use software (17.2) (17.9)
Acquisitions, net of cash acquired 0.0 (13.3)
Other investing activities (2.0) (11.4)
Net cash flows used in investing activities (35.1) (53.9)
Cash Flows From Financing Activities    
Debt proceeds 580.0 480.0
Debt repayments (270.0) (211.0)
Dividends paid (160.3) (141.2)
Purchases of Treasury stock (2.5) (1.7)
Proceeds from exercise of stock options 32.2 40.5
Other financing activities (2.5) (7.5)
Net cash flows provided by financing activities 176.9 159.2
Effect of exchange rate changes on Cash and cash equivalents (5.0) (4.1)
Net change in Cash and cash equivalents 55.3 6.6
Cash and cash equivalents, beginning of period 224.7 274.5
Cash and cash equivalents, end of period 280.0 281.2
Supplemental disclosure of cash flow information:    
Cash payments made for interest 59.7 41.1
Cash payments made for income taxes, net of refunds 47.6 57.3
Non-cash investing and financing activities:    
Accrual of unpaid property, plant and equipment and software $ 1.5 $ 16.9