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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities:    
Net income $ 293.6 $ 239.5
Reconciliation of net income to net cash provided by operating activities:    
Depreciation 67.9 73.3
Amortization 96.8 95.7
Lease expense 20.3 20.9
Stock-based compensation 14.0 21.0
Loss on extinguishment of debt 0.0 8.8
Deferred taxes (2.0) (2.4)
Other operating activities, net 16.9 17.9
Changes in assets and liabilities, excluding effects of acquisitions:    
Receivables (268.7) (34.0)
Inventories (72.4) (5.7)
Contract assets 11.7 4.7
Prepaid expenses and other assets (9.3) 15.8
Accounts payable 134.9 (1.9)
Accrued and other current liabilities (4.4) (5.4)
Contract liabilities 11.3 15.9
Other long-term liabilities (26.7) (23.9)
Net cash provided by operating activities 283.9 440.2
Investing activities:    
Acquisitions, net of cash acquired (1,573.9) (35.4)
Proceeds from sale of discontinued operation, net of cash disposed 247.7 0.0
Capital expenditures (88.9) (72.7)
Investment in securities (10.2) 0.0
Other investing activities, net 2.1 1.4
Net cash used in investing activities (1,423.2) (106.7)
Financing activities:    
Proceeds from notes 842.6 740.7
Repayment of notes 0.0 (258.5)
Borrowings from revolving credit facility 650.0 500.0
Repayments of revolving credit facility (650.0) (500.0)
Financing costs (1.7) (24.2)
Repurchases of common stock (290.6) (341.7)
Dividends paid (84.2) (84.5)
Proceeds from exercise of stock options 77.4 12.9
Withholding tax paid related to stock-based compensation (8.4) (7.4)
Other financing activities, net (1.2) (0.6)
Net cash provided by financing activities 533.9 36.7
Effect of foreign currency exchange rate changes on cash and cash equivalents (1.2) (2.4)
Change in cash and cash equivalents (606.6) 367.8
Less: change in cash and cash equivalents of discontinued operations (5.1) (1.1)
Cash and cash equivalents at beginning of period 897.1 342.5
Cash and cash equivalents at end of period $ 295.6 $ 711.4