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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows From Operating Activities      
Net Income $ 588.8 $ 846.3 $ 785.1
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of intangible assets 387.5 373.0 367.5
Depreciation 118.3 109.0 91.6
Impairment of goodwill and other intangible assets 273.4 13.9 0.0
Non-cash restructuring charges 0.0 1.6 2.7
Stock-based compensation expense 53.0 58.8 51.9
Loss on equity method investments 127.1 24.0 6.0
Foreign currency transaction losses, net 18.6 3.2 5.1
Non-cash adjustments to carrying value of LIFO inventories 17.8 6.7 12.0
Loss on extinguishment of debt 0.0 3.0 13.5
Loss on sale of asbestos-related assets and liabilities 0.0 33.7 0.0
Deferred income taxes (79.4) (33.1) (76.9)
Other non-cash adjustments 9.9 7.7 8.3
Changes in assets and liabilities:      
Receivables (59.1) (45.1) (48.6)
Inventories (26.1) 39.8 117.3
Accounts payable 78.7 13.3 (23.9)
Accrued liabilities (35.3) (34.5) 94.8
Other assets and liabilities, net (117.5) (24.6) (29.0)
Net cash provided by operating activities 1,355.7 1,396.7 1,377.4
Cash Flows From Investing Activities      
Capital expenditures (135.6) (149.1) (105.4)
Net cash paid in acquisitions (525.0) (2,958.7) (963.0)
Disposals of property, plant and equipment 0.0 6.1 7.6
Other investing 0.0 (6.0) 0.3
Net cash provided by (used in) investing activities (660.6) (3,107.7) (1,060.5)
Cash Flows From Financing Activities      
Principal payments on long-term debt 0.0 (1,242.7) (1,518.0)
Proceeds from long-term debt 0.0 3,296.9 1,490.4
Purchases of treasury stock (1,018.0) (260.7) (263.0)
Cash dividends on common stock (31.8) (32.3) (32.4)
Proceeds from stock option exercises 15.3 32.2 30.3
Payments to settle cross-currency swaps 0.0 (19.9) 0.0
Payments of deferred and contingent acquisition consideration (8.0) (23.4) (17.5)
Payments of debt issuance costs 0.0 (32.3) (18.5)
Other financing (11.3) (10.3) (8.8)
Net cash provided by (used in) financing activities (1,053.8) 1,707.5 (337.5)
Effect of exchange rate changes on cash and cash equivalents 66.3 (50.8) 3.1
Net decrease in cash and cash equivalents (292.4) (54.3) (17.5)
Cash and cash equivalents, beginning of year 1,541.2 1,595.5 1,613.0
Cash and cash equivalents, end of year 1,248.8 1,541.2 1,595.5
Supplemental Cash Flow Information      
Cash paid for income taxes, net of refunds 269.3 276.7 302.0
Cash paid for interest, net of interest rate derivative settlements $ 249.0 $ 209.0 $ 100.5