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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net Cash Provided by (Used in) Operating Activities [Abstract]      
Net earnings from continuing operations $ 865.8 $ 755.2 $ 614.2
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]      
Amortization 370.4 382.1 320.8
Depreciation 86.4 83.5 74.7
Stock-based compensation expense 113.3 93.8 77.4
Russia exit and wind down costs 0.0 9.2 0.0
Loss on extinguishment of debt 0.0 0.0 104.2
Gain on investment in Vontier Corporation 0.0 0.0 (57.0)
Gain on litigation resolution 0.0 0.0 (29.9)
Change in deferred income taxes (104.1) (62.1) (41.0)
Change in accounts receivable, net 9.8 (52.1) (84.1)
Change in inventories (1.7) (40.3) (53.6)
Change in trade accounts payable (16.8) 81.3 73.4
Change in prepaid expenses and other assets (69.0) 10.7 (34.5)
Change in accrued expenses and other liabilities 99.5 41.9 28.3
Total operating cash provided by continuing operations 1,353.6 1,303.2 992.9
Total operating cash (used in) provided by discontinued operations 0.0 0.0 (31.8)
Net cash provided by operating activities 1,353.6 1,303.2 961.1
Net Cash Provided by (Used in) Investing Activities [Abstract]      
Cash paid for acquisitions, net of cash received (95.8) (12.8) (2,570.1)
Payments for additions to property, plant and equipment (107.8) (95.8) (50.0)
Proceeds from sale of property 7.4 0.0 4.5
Proceeds from sale of business 0.0 9.6 0.0
All other investing activities 0.8 (3.5) 0.0
Net cash used in investing activities (195.4) (102.5) (2,615.6)
Net Cash Provided by (Used in) Financing Activities [Abstract]      
Proceeds from borrowings (maturities greater than 90 days), net of issuance costs 549.3 1,394.1 999.8
Net proceeds from commercial paper borrowings 839.9 38.5 364.9
Payment of 0.875% convertible senior notes due 2022 0.0 (1,156.5) 0.0
Repurchase of common shares (272.9) (442.9) 0.0
Repayment of borrowings (maturities greater than 90 days) (1,000.0) (1,000.0) (611.1)
Payment of common stock cash dividend to shareholders (102.0) (99.5) (97.7)
Payment of mandatory convertible preferred stock cash dividend to shareholders 0.0 0.0 (34.5)
All other financing activities 18.0 (6.7) 30.6
Net cash provided by (used in) financing activities 32.3 (1,273.0) 652.0
Effect of exchange rate changes on cash and equivalents (10.9) (37.8) (3.0)
Net change in cash and equivalents 1,179.6 (110.1) (1,005.5)
Beginning balance of cash and equivalents 709.2 819.3 1,824.8
Ending balance of cash and equivalents $ 1,888.8 $ 709.2 $ 819.3