Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows from Operating Activities
Net income	$ 364.3	$ 391.6
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	109.5	72.5
Deferred income taxes	9.8	(5.2)
Stock-based compensation	18.9	16.1
Provision for bad debt expense	0.0	0.1
Loss on disposition of business	5.3	0.0
Loss on sale of assets	0.2	0.6
Changes in assets and liabilities, excluding effects of acquisitions:
Increase in accounts receivable, net	(115.2)	(60.4)
Increase in inventories, net	(36.8)	(45.2)
Increase in accounts payable	29.1	26.5
Decrease in current liabilities	(56.9)	(50.2)
Changes in other assets and liabilities, net	17.3	(3.3)
Contribution to qualified defined benefit pension plans	(1.3)	0.0
Other, net	(12.4)	(1.7)
Net cash provided by operating activities	331.8	341.4
Cash Flows from Investing Activities
Capital expenditures	(74.2)	(68.9)
Acquisitions, net of cash acquired	5.9	(60.0)
Proceeds from disposal of business, net of cash	122.9	0.0
Purchases of available-for-sale investments	(9.7)	(9.1)
Proceeds from available-for-sale investments	10.6	10.4
Other, net	0.6	(0.6)
Net cash provided by (used in) investing activities	56.1	(128.2)
Cash Flows from Financing Activities
Payment of long-term debt	(128.8)	0.0
Payment of short-term debt, net	(10.9)	(2.8)
Payment of dividends	(131.0)	(120.1)
Acquisition of common shares	(20.0)	(20.0)
Other, net	(28.6)	(23.0)
Net cash used in financing activities	(319.3)	(165.9)
Effect of exchange rate changes on cash and cash equivalents	(8.0)	5.1
Increase (decrease) in cash and cash equivalents	60.6	52.4
Cash and cash equivalents, beginning of year	336.1	440.5
Cash and cash equivalents within assets held for sale, beginning of year	0.0	0.0
Restricted cash, included in other assets, beginning of year	3.2	2.8
Less: Restricted cash, included in Other Assets	2.7	3.1
Cash and cash equivalents, end of period	$ 397.2	$ 492.6