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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows From Operating Activities From Continuing Operations:    
Net income (loss) $ 271.3 $ (183.5)
Loss from discontinued operations, net of tax (88.1) (20.3)
Income (loss) from continuing operations 359.4 (163.2)
Adjustments to reconcile net income (loss) from continuing operations to net cash provided by operating activities from continuing operations:    
Amortization of intangible assets 244.8 240.1
Depreciation 65.5 56.0
Impairment of intangible assets 0.0 19.9
Stock-based compensation expense 65.0 27.3
Foreign currency transaction losses (gains), net (13.6) 12.7
Non-cash adjustments to carrying value of LIFO inventories 0.0 35.6
Other non-cash adjustments 11.5 2.0
Changes in assets and liabilities:    
Receivables (43.8) 45.5
Inventories (126.6) 90.3
Accounts payable 83.7 (32.0)
Accrued liabilities (129.2) 39.2
Other assets and liabilities, net (135.8) 16.8
Net cash provided by operating activities from continuing operations 380.9 390.2
Cash Flows From Investing Activities From Continuing Operations:    
Capital expenditures (41.2) (29.1)
Net cash acquired (paid) in business combinations (809.3)  
Net cash acquired (paid) in business combinations   9.4
Disposals of property, plant and equipment 9.5 1.5
Net cash used in investing activities from continuing operations (841.0) (18.2)
Cash Flows From Financing Activities From Continuing Operations:    
Principal payments on long-term debt (425.7) (1,609.2)
Proceeds from long-term debt 0.0 1,980.1
Purchases of treasury stock (736.5) (1.4)
Proceeds from stock option exercises 20.0 12.7
Payments of contingent consideration 0.0 (0.7)
Payments of debt issuance costs 0.0 (47.4)
Payments of costs incurred to issue shares for Ingersoll Rand Industrial acquisition 0.0 (1.0)
Acquisition of noncontrolling interests 0.0 (14.9)
Other financing 0.0 (0.3)
Net cash provided by (used in) financing activities from continuing operations (1,142.2) 317.9
Cash Flows From Discontinued Operations:    
Net cash provided by (used in) operating activities (0.6) 112.3
Net cash provided by (used in) investing activities 1,902.5 (4.3)
Net cash provided by discontinued operations 1,901.9 108.0
Effect of exchange rate changes on cash and cash equivalents (17.5) 9.9
Net increase in cash and cash equivalents 282.1 807.8
Cash and cash equivalents, beginning of period 1,750.9 505.5
Cash and cash equivalents, end of period 2,033.0 1,313.3
Supplemental Cash Flow Information    
Cash paid for income taxes 381.4 73.9
Cash paid for interest $ 62.5 $ 79.9