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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating activities:      
Net income $ 740.7 $ 1,311.8 $ 767.4
Reconciliation of net income to cash flows provided by operating activities:      
Depreciation 74.6 70.2 84.3
Amortization 121.9 102.4 120.4
Stock-based compensation 34.8 30.1 41.5
Deferred taxes 11.1 (60.1) (71.7)
(Gain) loss on sale of discontinued operations 0.0 (454.4) 82.5
Other operating activities, net 45.0 56.0 57.5
Changes in assets and liabilities, excluding effects of acquisitions:      
Receivables (3.4) 69.6 1.5
Inventories 33.2 (103.7) 158.0
Prepaid expenses and other assets (16.2) (6.5) (11.0)
Accounts payable (33.0) (4.1) (27.0)
Other current liabilities 106.1 15.7 (13.9)
Other long-term liabilities (13.0) 3.3 11.8
Net cash provided by operating activities 1,101.8 1,030.3 1,201.3
Investing activities:      
Proceeds from sale of discontinued operations, net of cash disposed 0.0 1,998.0 510.6
Capital expenditures (131.2) (113.3) (142.2)
Acquisitions, net of cash acquired (109.6) (676.9) (36.1)
Other investing activities, net 0.4 21.8 20.1
Net cash provided by (used in) investing activities (240.4) 1,229.6 352.4
Financing activities:      
Proceeds from notes 987.8 0.0 0.0
Repayments of notes 0.0 (400.0) (300.0)
Borrowings from revolving credit facility 0.0 22.0 84.0
Repayments of revolving credit facility 0.0 (22.0) (84.0)
Repurchases of common stock (1,300.0) (1,585.9) (900.0)
Dividends paid (181.1) (172.4) (160.3)
Proceeds from exercise of stock options 23.5 80.2 25.7
Withholding tax paid related to stock-based compensation (13.5) (18.1) (11.7)
Other financing activities, net (20.4) (14.0) (3.4)
Net cash provided by (used in) financing activities (503.7) (2,110.2) (1,349.7)
Effect of foreign currency exchange rate changes on cash and cash equivalents 0.9 (1.7) 1.5
Change in cash and cash equivalents 358.6 148.0 205.5
Less: change in cash and cash equivalents of discontinued operations 0.0 (28.8) (6.4)
Cash and cash equivalents at beginning of period 753.5 576.7 364.8
Cash and cash equivalents at end of period $ 1,112.1 $ 753.5 $ 576.7