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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows From Operating Activities:    
Net income $ 188.4 $ 204.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of intangible assets 91.3 91.6
Depreciation 28.7 25.6
Stock-based compensation expense 14.2 14.1
Loss on equity method investments 6.2 10.7
Foreign currency transaction losses (gains), net 6.8 (0.7)
Non-cash adjustments to carrying value of LIFO inventories 3.0 6.7
Other non-cash adjustments 2.4 1.4
Changes in assets and liabilities:    
Receivables 25.3 (11.5)
Inventories (54.1) (58.2)
Accounts payable (70.4) (101.5)
Accrued liabilities 39.7 (1.8)
Other assets and liabilities, net (25.1) (19.3)
Net cash provided by operating activities 256.4 161.6
Cash Flows Used In Investing Activities:    
Capital expenditures (33.7) (62.3)
Net cash paid in acquisitions (163.4) (143.3)
Net cash used in investing activities (197.1) (205.6)
Cash Flows Used In Financing Activities:    
Principal payments on long-term debt 0.0 (7.1)
Purchases of treasury stock (10.0) (72.9)
Cash dividends on common shares (8.1) (8.1)
Proceeds from stock option exercises 5.2 11.2
Payments of deferred and contingent acquisition consideration (1.4) (2.2)
Other financing 4.3 (0.5)
Net cash used in financing activities (10.0) (79.6)
Effect of exchange rate changes on cash and cash equivalents 22.3 (19.6)
Net increase (decrease) in cash and cash equivalents 71.6 (143.2)
Cash and cash equivalents, beginning of period 1,541.2 1,595.5
Cash and cash equivalents, end of period 1,612.8 1,452.3
Supplemental Cash Flow Information    
Cash paid for income taxes, net of refunds 40.5 43.5
Cash paid for interest, net of interest rate derivative settlements $ 33.3 $ 58.2