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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities      
Net income $ 365.5 $ 250.1 $ 319.7
Reconciliation of net income to cash flows provided by operating activities:      
Depreciation 84.9 75.1 73.5
Amortization 84.2 62.7 55.8
Impairment charges 0.0 141.5 0.0
Stock-based compensation, net of tax benefit 13.2 (2.6) 2.7
Deferred taxes (58.5) (25.0) (15.8)
Other operating activities, net 13.9 (6.0) (1.3)
Changes in assets and liabilities, excluding effects of acquisitions:      
Receivables (53.9) 0.3 (11.8)
Inventories (48.5) (12.2) 23.0
Prepaid expenses and other assets (20.1) (9.2) 6.7
Accounts payable 42.7 21.6 (2.9)
Accrued expenses 20.6 23.1 62.9
Deferred revenues 19.3 11.7 15.5
Other long-term liabilities (4.6) 0.1 1.2
Net cash provided by operating activities 458.7 531.2 529.2
Investing activities      
Acquisitions, net of cash acquired (934.3) (185.5) (598.9)
Capital expenditures (159.9) (108.8) (72.1)
Other investing activities, net (0.1) 0.9 0.2
Net cash used in investing activities (1,094.3) (293.4) (670.8)
Financing activities      
Proceeds from revolving credit facility 1,189.0 0.0 0.0
Repayments of revolving credit facility (1,189.0) 0.0 0.0
Proceeds from notes 997.2 0.0 0.0
Repayments of notes 0.0 (150.0) (1.5)
Repurchases of common stock (268.4) (75.0) (137.2)
Dividends paid (92.1) (84.5) (72.3)
Financing costs (8.3) 0.0 0.0
Proceeds from exercise of stock options, net (1.2) 48.4 39.4
Other financing activities, net 0.0 0.0 (1.4)
Net cash provided (used) in financing activities 627.2 (261.1) (173.0)
Effect of foreign currency exchange rate changes on cash and cash equivalents 2.7 (2.1) (5.5)
Change in cash and cash equivalents (5.7) (25.4) (320.1)
Cash and cash equivalents      
Beginning of period 385.3 410.7 730.8
End of period $ 379.6 $ 385.3 $ 410.7