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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows From Operating Activities From Continuing Operations:    
Net income $ 389.8 $ 271.3
Income (loss) from discontinued operations, net of tax 0.6 (88.1)
Income from continuing operations 389.2 359.4
Adjustments to reconcile income from continuing operations to net cash provided by operating activities from continuing operations:    
Amortization of intangible assets 263.6 244.8
Depreciation 64.4 65.5
Non-cash restructuring charges 6.0 0.0
Stock-based compensation expense 62.3 65.0
Income (loss) on equity method investments 2.5 2.9
Foreign currency transaction gains, net (12.3) (13.6)
Non-cash adjustments to carrying value of LIFO inventories 33.0 0.0
Other non-cash adjustments 3.1 8.6
Changes in assets and liabilities:    
Receivables (160.1) (43.8)
Inventories (260.2) (126.6)
Accounts payable 76.4 83.7
Accrued liabilities 90.2 (129.2)
Other assets and liabilities, net (47.5) (135.8)
Net cash provided by operating activities from continuing operations 510.6 380.9
Cash Flows From Investing Activities From Continuing Operations:    
Capital expenditures (61.1) (41.2)
Net cash paid in business combinations (62.5) (809.3)
Disposals of property, plant and equipment 0.0 9.5
Other investing 4.1 0.0
Net cash used in investing activities from continuing operations (119.5) (841.0)
Cash Flows From Financing Activities From Continuing Operations:    
Principal payments on long-term debt (647.1) (425.7)
Purchases of treasury stock (257.8) (736.5)
Cash dividends on common shares (24.3) 0.0
Proceeds from stock option exercises 14.7 20.0
Payments of interest rate cap premiums (13.4) 0.0
Payments of deferred and contingent acquisition consideration (4.1) 0.0
Other financing (2.8) 0.0
Net cash used in financing activities from continuing operations (934.8) (1,142.2)
Cash Flows From Discontinued Operations:    
Net cash used in operating activities (5.0) (0.6)
Net cash provided by investing activities 4.4 1,902.5
Net cash provided by (used in) discontinued operations (0.6) 1,901.9
Effect of exchange rate changes on cash and cash equivalents (105.8) (17.5)
Net increase (decrease) in cash and cash equivalents (650.1) 282.1
Cash and cash equivalents, beginning of period 2,109.6 1,750.9
Cash and cash equivalents, end of period 1,459.5 2,033.0
Supplemental Cash Flow Information    
Cash paid for income taxes 117.1 381.4
Cash paid for interest $ 64.2 $ 62.5