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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows From Operating Activities:    
Net income $ 74.6 $ 391.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of intangible assets 182.9 182.8
Depreciation 57.6 51.3
Impairment of goodwill and other intangible assets 265.8 0.0
Stock-based compensation expense 30.9 28.6
Loss on equity method investments 127.1 14.2
Foreign currency transaction losses (gains), net 12.8 (0.7)
Non-cash adjustments to carrying value of LIFO inventories 10.3 7.2
Loss on extinguishment of debt 0.0 3.0
Loss on sale of asbestos-related assets and liabilities 0.0 33.7
Other non-cash adjustments 4.8 3.4
Changes in assets and liabilities:    
Receivables 38.3 (8.1)
Inventories (86.0) (63.6)
Accounts payable (44.2) (72.8)
Accrued liabilities (50.6) (44.3)
Other assets and liabilities, net (122.2) (59.2)
Net cash provided by operating activities 502.1 466.5
Cash Flows Used In Investing Activities:    
Capital expenditures (69.0) (84.1)
Net cash paid in acquisitions (210.4) (2,744.0)
Other investing 0.0 (6.0)
Net cash used in investing activities (279.4) (2,834.1)
Cash Flows From (Used In) Financing Activities:    
Principal payments on long-term debt 0.0 (1,240.7)
Proceeds from long-term debt 0.0 3,296.9
Purchases of treasury stock (510.2) (135.5)
Cash dividends on common shares (16.1) (16.1)
Proceeds from stock option exercises 9.1 22.7
Payments to settle cross-currency swaps 0.0 (19.9)
Payments of deferred and contingent acquisition consideration (2.8) (12.0)
Payments of debt issuance costs 0.0 (32.3)
Other financing (3.1) (1.1)
Net cash provided by (used in) financing activities (523.1) 1,862.0
Effect of exchange rate changes on cash and cash equivalents 69.8 (27.4)
Net decrease in cash and cash equivalents (230.6) (533.0)
Cash and cash equivalents, beginning of period 1,541.2 1,595.5
Cash and cash equivalents, end of period 1,310.6 1,062.5
Supplemental Cash Flow Information    
Cash paid for income taxes, net of refunds 129.2 128.9
Cash paid for interest, net of interest rate derivative settlements $ 123.9 $ 56.9