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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows From Operating Activities From Continuing Operations:    
Net income (loss) $ 144.5 $ (213.4)
Loss from discontinued operations, net of tax (83.9) (20.2)
Income (loss) from continuing operations 228.4 (193.2)
Adjustments to reconcile net income (loss) from continuing operations to net cash provided by operating activities from continuing operations:    
Amortization of intangible assets 164.5 143.1
Depreciation 43.3 35.7
Stock-based compensation expense 43.1 15.4
Foreign currency transaction losses (gains), net (14.7) 6.9
Deferred income taxes (81.1) 25.1
Non-cash adjustments to carrying value of LIFO inventories 0.0 35.6
Other non-cash adjustments (0.4) 2.0
Changes in assets and liabilities:    
Receivables (73.0) 64.6
Inventories (80.7) (8.5)
Accounts payable 80.8 15.1
Accrued liabilities 2.9 83.8
Other assets and liabilities, net (78.3) (29.3)
Net cash provided by operating activities from continuing operations 234.8 196.3
Cash Flows From (Used In) Investing Activities From Continuing Operations:    
Capital expenditures (25.9) (22.7)
Net cash acquired (paid) in business combinations (215.8)  
Net cash acquired (paid) in business combinations   41.3
Disposals of property, plant and equipment 9.5 1.4
Net cash provided by (used in) investing activities from continuing operations (232.2) 20.0
Cash Flows From (Used In) Financing Activities From Continuing Operations:    
Principal payments on long-term debt (19.7) (1,599.6)
Proceeds from long-term debt 0.0 1,980.1
Purchases of treasury stock (3.2) (1.3)
Proceeds from stock option exercises 12.8 6.8
Payments of contingent consideration 0.0 (0.7)
Payments of debt issuance costs 0.0 (46.6)
Payments of costs incurred to issue shares for Ingersoll Rand Industrial acquisition 0.0 (1.0)
Other financing 0.0 (0.8)
Net cash provided by (used in) financing activities from continuing operations (10.1) 336.9
Cash Flows From Discontinued Operations:    
Net cash provided by operating activities 29.5 119.5
Net cash provided by (used in) investing activities 1,903.8 (2.7)
Net cash provided by discontinued operations 1,933.3 116.8
Effect of exchange rate changes on cash and cash equivalents (6.8) (1.9)
Net increase in cash and cash equivalents 1,919.0 668.1
Cash and cash equivalents, beginning of period 1,750.9 505.5
Cash and cash equivalents, end of period 3,669.9 1,173.6
Supplemental Cash Flow Information    
Cash paid for income taxes 150.5 30.5
Cash paid for interest $ 41.6 $ 54.2