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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows From Operating Activities      
Net Income (Loss) $ (32.4) $ 159.1 $ 269.4
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Amortization of intangible assets 395.8 124.3 125.8
Depreciation 105.1 53.8 54.6
Impairment of other intangible assets 19.9 0.0 0.0
Non-cash restructuring charges 9.2 3.3 0.0
Stock-based compensation expense 51.3 19.2 2.8
Foreign currency transaction losses (gains), net 20.9 8.1 (1.9)
Non-cash adjustments to carrying value of LIFO inventories 50.1 0.2 0.2
Deferred income taxes 104.4 21.3 (4.0)
Other non-cash adjustments 14.7 1.0 0.0
Changes in assets and liabilities      
Receivables 100.3 54.7 13.2
Inventories 170.8 18.7 (13.0)
Accounts payable (13.3) (9.2) 69.6
Accrued liabilities 137.2 (26.1) (38.9)
Other assets and liabilities, net (10.9) (42.5) (41.3)
Net cash provided by operating activities 914.3 343.3 444.5
Cash Flows From Investing Activities      
Capital expenditures (48.7) (43.2) (52.2)
Net cash acquired (paid) in business combinations 9.0 (12.0) (186.3)
Disposals of property, plant and equipment 1.8 0.9 3.5
Net cash used in investing activities (37.9) (54.3) (235.0)
Cash Flows From Financing Activities      
Principal payments on long-term debt (1,619.1) (32.8) (337.6)
Proceeds from long-term debt 1,980.1 0.0 0.0
Purchases of treasury stock (2.1) (18.6) (40.7)
Proceeds from stock option exercises 22.7 42.7 6.8
Payments of contingent consideration (1.1) (2.3) (1.4)
Payments of debt issuance costs (47.8) (0.5) 0.0
Payments of costs incurred to issue shares for Ingersoll Rand Industrial acquisition (1.0) 0.0 0.0
Purchase of shares from noncontrolling interests (14.9) 0.0 0.0
Proceeds from sale of noncontrolling interests 11.9 0.0 0.0
Other financing 0.0 0.0 (0.1)
Net cash from (used in) financing activities 328.7 (11.5) (373.0)
Effect of exchange rate changes on cash and cash equivalents 40.3 6.8 (8.6)
Net increase (decrease) in cash and cash equivalents 1,245.4 284.3 (172.1)
Cash and cash equivalents, beginning of year 505.5 221.2 393.3
Cash and cash equivalents, end of year 1,750.9 505.5 221.2
Supplemental Cash Flow Information      
Cash paid for income taxes 106.3 61.6 103.1
Cash paid for interest 98.7 85.6 98.5
Debt issuance costs in accounts payable 0.0 0.3 0.0
Debt issuance costs in accrued liabilities 0.0 5.6 0.0
Capital expenditures in accounts payable $ 4.0 $ 4.8 $ 10.0