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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net income $ 237.9 $ 198.4
Reconciliation of net income to cash flows provided by operating activities:    
Depreciation 54.6 47.4
Amortization 40.8 28.4
Non-cash compensation, net of tax benefit 1.0 10.3
(Gain) loss on sale of property and equipment, net 0.4 (1.9)
Deferred taxes 2.3 (0.7)
Foreign exchange (gain) loss 0.2 (0.3)
Changes in assets and liabilities, excluding effects of acquisitions and divestitures:    
Receivables (108.3) (152.5)
Inventories (6.5) (38.1)
Prepaid expenses and other assets 0.6 (2.4)
Accounts payable 49.4 57.8
Accrued expenses and deferred revenues 77.4 16.0
Long-term liabilities 1.9 3.1
Other operating activities 1.2 (0.8)
Net cash provided by operating activities 352.9 164.7
Investing activities    
Capital expenditures (48.7) (93.1)
Acquisitions, net of cash (598.9)  
Proceeds from sale of property and equipment 0.1 2.7
Proceeds from sale of business   9.7
Net cash used in investing activities (647.5) (80.7)
Financing activities    
Net change in short-term borrowings and revolving credit lines (1.4)  
Repayments of long-term debt (1.5)  
Dividends (52.7) (45.0)
Proceeds from issuance of treasury shares and stock options 35.2 12.7
Repurchases of common stock (57.9)  
Net cash used in financing activities (78.3) (32.3)
Effect of foreign currency exchange rate changes on cash and cash equivalents (3.5) (1.1)
Change in cash and cash equivalents (376.4) 50.6
Cash and cash equivalents    
Beginning of period 730.8 754.5
End of period $ 354.4 $ 805.1