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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net earnings from continuing operations $ 755.2 $ 614.2 $ 1,452.2
Noncash items:      
Amortization 382.1 320.8 309.9
Depreciation 83.5 74.7 74.1
Stock-based compensation expense 93.8 77.4 62.6
Russia exit and wind down costs 9.2 0.0 0.0
Loss on extinguishment of debt 0.0 104.2 0.0
Unrealized gain on investment in Vontier Corporation 0.0 (57.0) (1,119.2)
Gain on litigation resolution 0.0 (29.9) 0.0
Gain on sale of property 0.0 0.0 (5.3)
Change in deferred income taxes (62.1) (41.0) (97.6)
Change in accounts receivable, net (52.1) (84.1) 82.4
Change in inventories (40.3) (53.6) (7.3)
Change in trade accounts payable 81.3 73.4 18.1
Change in prepaid expenses and other assets 10.7 (34.5) 147.9
Change in accrued expenses and other liabilities 41.9 28.3 59.9
Total operating cash provided by continuing operations 1,303.2 992.9 977.7
Total operating cash (used in) provided by discontinued operations 0.0 (31.8) 459.0
Net cash provided by operating activities 1,303.2 961.1 1,436.7
Cash flows from investing activities:      
Cash paid for acquisitions, net of cash received (12.8) (2,570.1) (40.4)
Payments for additions to property, plant and equipment (95.8) (50.0) (75.7)
Proceeds from sale of business and property 9.6 4.5 5.3
All other investing activities (3.5) 0.0 0.0
Total investing cash used in continuing operations (102.5) (2,615.6) (110.8)
Total investing cash used in discontinued operations 0.0 0.0 (37.6)
Net cash used in investing activities (102.5) (2,615.6) (148.4)
Cash flows from financing activities:      
Proceeds from borrowings (maturities greater than 90 days), net of issuance costs 1,394.1 999.8 741.7
Net proceeds from (repayments of) commercial paper borrowings 38.5 364.9 (1,141.9)
Payment of 0.875% convertible senior notes due 2022 (1,156.5) 0.0 0.0
Repurchase of common shares (442.9) 0.0 0.0
Repayment of borrowings (maturities greater than 90 days) (1,000.0) (611.1) (1,730.8)
Payment of common stock cash dividend to shareholders (99.5) (97.7) (94.4)
Payment of mandatory convertible preferred stock cash dividend to shareholders 0.0 (34.5) (69.0)
Net cash consideration received from Vontier Separation 0.0 0.0 1,598.0
All other financing activities (6.7) 30.6 20.7
Total financing cash (used in) provided by continuing operations (1,273.0) 652.0 (675.7)
Total financing cash used in discontinued operations 0.0 0.0 (20.4)
Net cash (used in) provided by financing activities (1,273.0) 652.0 (696.1)
Effect of exchange rate changes on cash and equivalents (37.8) (3.0) 27.4
Net change in cash and equivalents (110.1) (1,005.5) 619.6
Beginning balance of cash and equivalents 819.3 1,824.8 1,205.2
Ending balance of cash and equivalents 709.2 819.3 1,824.8
Supplemental disclosure:      
Transfer of noncash net liabilities to Vontier Corporation $ 0.0 $ 0.0 $ 147.4