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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities:    
Net income $ 137.2 $ 232.3
Reconciliation of net income to net cash provided by operating activities:    
Depreciation 49.1 43.8
Amortization 63.7 56.2
Lease expense 14.1 13.2
Stock-based compensation 14.9 11.3
Loss on extinguishment of debt 8.8 0.0
Deferred taxes (1.1) (1.9)
Other operating activities, net 11.5 7.9
Changes in assets and liabilities, excluding effects of acquisitions:    
Receivables (11.8) (184.6)
Inventories (48.4) (6.4)
Contract assets (1.4) (13.4)
Prepaid expenses and other assets 29.4 26.9
Accounts payable (5.0) 71.0
Accrued and other current liabilities (31.8) (47.3)
Contract liabilities 11.5 7.2
Other long-term liabilities (14.4) (19.1)
Net cash provided by operating activities 226.3 197.1
Investing activities:    
Capital expenditures (48.5) (41.0)
Acquisitions, net of cash acquired (2.4) (272.0)
Other investing activities, net 0.9 1.1
Net cash used in investing activities (50.0) (311.9)
Financing activities:    
Proceeds from notes 740.7 0.0
Repayment of notes (258.5) 0.0
Borrowings from revolving credit facility 500.0 0.0
Repayments of revolving credit facility (500.0) 0.0
Financing costs (24.2) 0.0
Repurchases of common stock (191.8) (232.1)
Dividends paid (56.0) (46.2)
Proceeds from exercise of stock options 11.4 20.5
Withholding tax paid related to stock-based compensation (6.4) (9.3)
Other financing activities, net (0.5) (0.1)
Net cash used in financing activities 214.7 (267.2)
Effect of foreign currency exchange rate changes on cash and cash equivalents (4.5) 0.4
Change in cash and cash equivalents 386.5 (381.6)
Cash and cash equivalents at beginning of period 351.2 803.6
Cash and cash equivalents at end of period $ 737.7 $ 422.0