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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows From Operating Activities From Continuing Operations:    
Net income $ 163.2 $ 104.5
Loss from discontinued operations, net of tax 0.0 (1.4)
Income from continuing operations 163.2 105.9
Adjustments to reconcile income from continuing operations to net cash provided by operating activities from continuing operations:    
Amortization of intangible assets 92.4 86.2
Depreciation 21.6 22.3
Non-cash restructuring charges 0.9 2.2
Stock-based compensation expense 12.1 19.8
Income (loss) on equity method investments (0.3) 4.3
Foreign currency transaction losses (gains), net 1.0 (3.8)
Non-cash adjustments to carrying value of LIFO inventories 7.8 0.0
Other non-cash adjustments 2.9 2.0
Changes in assets and liabilities:    
Receivables (83.7) (67.7)
Inventories (45.3) (99.4)
Accounts payable (70.6) 41.0
Accrued liabilities 56.5 (37.8)
Other assets and liabilities, net 11.8 (24.9)
Net cash provided by operating activities from continuing operations 170.3 50.1
Cash Flows From Investing Activities From Continuing Operations:    
Capital expenditures (22.4) (17.9)
Net cash paid in acquisitions (566.4) (30.3)
Disposals of property, plant and equipment 7.3 0.0
Net cash used in investing activities from continuing operations (581.5) (48.2)
Cash Flows From Financing Activities From Continuing Operations:    
Principal payments on long-term debt (11.0) (9.6)
Purchases of treasury stock (77.0) (101.1)
Cash dividends on common shares (8.1) (8.2)
Proceeds from stock option exercises 9.2 4.6
Payments of deferred and contingent acquisition consideration (1.9) (1.8)
Other financing (0.5) 0.0
Net cash used in financing activities from continuing operations (89.3) (116.1)
Cash Flows From Discontinued Operations:    
Net cash used in operating activities 0.0 (4.1)
Net cash used in discontinued operations 0.0 (4.1)
Effect of exchange rate changes on cash and cash equivalents 6.8 (1.1)
Net decrease in cash and cash equivalents (493.7) (119.4)
Cash and cash equivalents, beginning of period 1,613.0 2,109.6
Cash and cash equivalents, end of period 1,119.3 1,990.2
Supplemental Cash Flow Information    
Cash paid for income taxes 19.1 29.1
Cash paid for interest $ 36.1 $ 17.1