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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:      
Net income $ 1,574.0 $ 1,473.2 $ 1,403.8
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of right-of-use assets 136.1 130.8 139.1
Amortization of intangible assets 105.6 80.3 80.3
Share-based compensation 91.4 84.8 81.7
Real estate and other repositioning costs 57.8 191.5 0.0
Gain on disposition of subsidiary 0.0 (78.8) 0.0
Non-cash charges related to the effects of the war in Ukraine 0.0 0.0 65.8
Other, net (0.2) 3.0 (0.2)
Decrease in operating capital (231.2) (462.9) (844.0)
Net Cash Provided By Operating Activities 1,733.5 1,421.9 926.5
Cash Flows from Investing Activities:      
Capital expenditures (140.6) (78.4) (78.2)
Acquisition of businesses and interests in affiliates, net of cash acquired (902.1) (93.3) (276.8)
Maturity (purchase) of short-term investments 0.0 60.8 (61.4)
Proceeds from disposition of subsidiaries and other (16.0) 190.0 35.5
Net Cash Provided By (Used In) Investing Activities (1,058.7) 79.1 (380.9)
Cash Flows from Financing Activities:      
Proceeds from borrowings 1,235.5 0.0 0.0
Repayment of debt (750.0) 0.0 0.0
Change in short-term debt 12.6 (8.7) 8.9
Dividends paid to common shareholders (552.7) (562.7) (581.1)
Repurchases of common stock (370.7) (570.8) (611.4)
Proceeds from stock plans 102.1 35.6 17.4
Acquisition of additional noncontrolling interests (53.6) (87.6) (20.8)
Dividends paid to noncontrolling interest shareholders (85.4) (70.9) (79.5)
Payment of contingent purchase price obligations (42.4) (67.7) (32.6)
Other, net (77.4) (55.0) (62.9)
Net Cash Used In Financing Activities (582.0) (1,387.8) (1,362.0)
Effect of foreign exchange rate changes on cash and cash equivalents (185.4) 37.0 (218.6)
Net Increase (Decrease) in Cash and Cash Equivalents (92.6) 150.2 (1,035.0)
Cash and Cash Equivalents at the Beginning of Year 4,432.0 4,281.8 5,316.8
Cash and Cash Equivalents at the End of Year $ 4,339.4 $ 4,432.0 $ 4,281.8