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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Net income $ 425.2 $ 410.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 127.8 95.2
Deferred income taxes (8.9) (18.4)
Stock-based compensation 21.9 20.7
Loss on disposition of business 0.0 0.4
Loss (gain) on sale of assets 1.5 (1.3)
Changes in assets and liabilities, excluding effects of acquisitions:    
Increase in accounts receivable, net (167.1) (140.4)
Increase in inventories, net (79.2) (15.1)
Increase (decrease) in accounts payable 68.0 (11.9)
Decrease in current liabilities (36.9) (21.9)
Changes in other assets and liabilities, net (18.4) (0.5)
Contribution to qualified defined benefit pension plans (1.4) (21.4)
Other, net 3.9 2.6
Net cash provided by operating activities 336.4 298.0
Cash Flows from Investing Activities    
Capital expenditures (77.6) (65.9)
Acquisitions, net of cash acquired (3,005.7) (73.2)
Proceeds from disposal of business, net of cash 0.0 2.6
Purchases of available-for-sale investments (12.9) (15.5)
Proceeds from available-for-sale investments 8.3 5.4
Other, net 1.3 6.0
Net cash used in investing activities (3,086.6) (140.6)
Cash Flows from Financing Activities    
Issuance of long-term debt 2,787.5 0.0
Borrowing of short-term debt, net 279.6 277.7
Payment of dividends (150.4) (140.9)
Debt issuance costs (19.9) 0.0
Acquisition of common shares (203.5) (225.0)
Other, net (41.6) (29.3)
Net cash provided (used in) by financing activities 2,651.7 (117.5)
Effect of exchange rate changes on cash and cash equivalents (1.2) 13.1
(Decrease) increase in cash and cash equivalents (99.7) 53.0
Cash and cash equivalents, beginning of year 482.5 329.1
Restricted cash, included in other assets, beginning of year 1.8 2.5
Less: Restricted cash, included in Other Assets 6.0 2.0
Cash and cash equivalents, end of period $ 378.6 $ 382.6