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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows from Operating Activities    
Net income $ 666.7 $ 585.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 144.6 158.8
Deferred income taxes (8.2) 4.1
Stock-based compensation 27.0 24.2
Loss on disposition of business 0.4 5.3
Loss on sale of assets 0.9 0.7
Changes in assets and liabilities, excluding effects of acquisitions:    
Increase in accounts receivable, net (147.7) (116.6)
Increase in inventories, net (37.9) (30.7)
Decrease in accounts payable (10.9) (14.0)
Decrease in current liabilities (38.8) (66.2)
Changes in other assets and liabilities, net 11.2 17.2
Contribution to qualified defined benefit pension plans (21.4) (1.3)
Other, net (3.6) (8.0)
Net cash provided by operating activities 582.3 558.8
Cash Flows from Investing Activities    
Capital expenditures (96.4) (112.4)
Acquisitions, net of cash acquired (129.1) 5.9
Proceeds from disposal of business, net of cash 2.6 122.9
Purchases of available-for-sale investments (17.6) (11.7)
Proceeds from available-for-sale investments 12.7 14.5
Other, net 12.4 0.8
Net cash (used in) provided by investing activities (215.4) 20.0
Cash Flows from Financing Activities    
Payment of long-term debt 0.0 (386.3)
Borrowing of short-term debt, net 426.3 173.6
Payment of dividends (211.1) (196.5)
Acquisition of common shares (225.0) (30.0)
Other, net (32.8) (37.2)
Net cash used in financing activities (42.6) (476.4)
Effect of exchange rate changes on cash and cash equivalents 13.0 (3.2)
Increase in cash and cash equivalents 337.3 99.2
Cash and cash equivalents, beginning of year 329.1 336.1
Restricted cash, included in other assets, beginning of year 2.5 3.2
Less: Restricted cash, included in Other Assets 2.1 2.8
Cash and cash equivalents, end of period $ 666.8 $ 435.7