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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities:    
Net income $ 84.1 $ 403.2
Depreciation and amortization 80.2 77.4
Stock-based incentive compensation 22.3 20.6
Deferred income taxes 19.9 88.4
Gain on sale of assets (1.9) (6.3)
Unrealized loss on investments 12.7  
Foreign currency transaction (gains) losses 8.2 (3.6)
Intangible asset impairment charge 2.1  
Other non-cash adjustments 3.0 0.4
Changes in operating assets and liabilities (92.3) 273.4
Net cash provided by operating activities 138.3 853.5
Investing activities:    
Additions to property, plant and equipment (160.3) (82.8)
Additions to equipment held for rental (5.5) (8.5)
Acquisition of business, net of cash acquired (19.5) (110.6)
Proceeds from sale of equipment held for rental 6.6 13.6
Acquisition of equity securities (15.0) (40.6)
Other investing activities 2.8 6.6
Net cash used in investing activities (190.9) (222.3)
Financing activities:    
Proceeds from debt (original maturities greater than three months) 10.4  
Repayments of debt (original maturities greater than three months) (225.0)  
Repurchases of Common Stock (155.0) (107.8)
Dividends paid (73.1) (67.9)
Proceeds from exercise of stock options 2.8 38.2
Acquisition of Common Stock for taxes on stock-based compensation (1.7) (6.3)
Other financing activities (10.2) (4.3)
Net cash used in financing activities (451.8) (148.1)
Effect of exchange rate changes on cash and cash equivalents (16.5) (5.9)
Increase (decrease) in cash and cash equivalents (520.9) 477.2
Cash and cash equivalents at beginning of period 995.7 898.6
Cash and cash equivalents at end of period 474.8 1,375.8
Supplemental disclosures:    
Cash paid for interest 35.2 34.6
Cash paid for income taxes 207.5 125.4
Cash received from income tax refunds 1.3  
Cash paid for operating lease liabilities 37.1 38.0
Operating right-of-use assets obtained $ 6.0 $ 86.4