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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Net income $ 399.1 $ 904.7
Reconciliation of net income to net cash provided by operating activities:    
Depreciation 36.1 34.2
Amortization 60.6 47.8
Stock-based compensation 19.5 14.8
Deferred taxes (2.4) (4.1)
Gain on sale of discontinued operations 0.0 (454.4)
Other operating activities 22.1 19.1
Changes in assets and liabilities, excluding effects of acquisitions:    
Receivables (291.3) (263.1)
Inventories (18.5) (69.3)
Other current assets 12.6 12.9
Accounts payable 71.8 104.4
Other current liabilities (3.7) 16.7
Other long-term liabilities (17.0) (16.8)
Net cash provided by operating activities 288.9 346.9
Investing activities:    
Proceeds from sale of discontinued operations, net of cash disposed 0.0 1,995.3
Acquisitions, net of cash acquired (108.1) (412.8)
Capital expenditures (57.8) (57.4)
Other investing activities 0.0 1.5
Net cash (used in) provided by investing activities (165.9) 1,526.6
Financing activities:    
Borrowings from revolving credit facility 0.0 22.0
Repayments of revolving credit facility 0.0 (22.0)
Repurchases of common stock (700.0) (700.0)
Dividends paid (88.3) (81.7)
Proceeds from exercise of stock options 8.8 61.2
Withholding tax paid related to stock-based compensation (13.3) (17.5)
Other financing activities (16.1) (3.9)
Net cash used in financing activities (808.9) (741.9)
Effect of foreign currency exchange rate changes on cash and cash equivalents 0.8 (0.8)
Change in cash and cash equivalents (685.1) 1,130.8
Less: change in cash and cash equivalents of discontinued operations 0.0 (28.8)
Cash and cash equivalents at beginning of period 753.5 576.7
Cash and cash equivalents at end of period $ 68.4 $ 1,736.3