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Consolidated Statements of Cash Flow - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash from operating activities:      
Net income $ 660.7 $ 832.6 $ 772.3
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 226.8 217.0 171.6
Stock-based compensation expense 49.7 47.6 44.2
Deferred income tax provision (benefit) 186.3 (29.9) 12.9
Excess tax benefits from stock-based compensation payment arrangements   (44.4) (16.2)
Net change in operating assets and liabilities:      
Accounts receivable, net (146.5) (165.9) (22.3)
Inventories (100.4) (14.2) (5.2)
Other current assets (75.9) 29.9 47.7
Accounts payable 140.5 47.8 (17.5)
Accrued income taxes 11.2 91.7 16.5
Other accrued liabilities 13.0 61.9 27.7
Accrued pension and postretirement benefits 5.0 2.5 8.7
Other long-term assets and liabilities (173.8) (1.0) 9.9
Net cash provided by operating activities 1,144.2 1,077.6 1,030.5
Cash from investing activities:      
Capital expenditures (226.6) (190.8) (172.1)
Proceeds from disposals of property, plant and equipment 4.1 7.1 8.7
Purchases of short-term investments (40.2) (232.4) (134.7)
Sales and maturities of short-term investments 148.0 108.5 470.6
Acquisitions, net of cash acquired (265.5) (1,305.1) (199.8)
Net cash used in investing activities (380.2) (1,612.7) (27.3)
Cash from financing activities:      
Proceeds from issuance of senior notes, net 749.3    
Long-term borrowings under credit facilities     132.6
Repayments of long-term debt (375.0)   (217.7)
Borrowings under commercial paper program, net 154.1 183.2 238.7
Payment of costs related to debt financing (5.2) (3.0)  
Purchase and retirement of treasury stock (618.0) (325.8) (248.9)
Proceeds from exercise of stock options 184.1 147.2 64.4
Excess tax benefits from stock-based compensation payment arrangements   44.4 16.2
Distributions to and purchases of noncontrolling interests (24.4) (6.8) (6.1)
Dividend payments (205.0) (172.7) (159.3)
Net cash used in financing activities (140.1) (133.5) (180.1)
Effect of exchange rate changes on cash and cash equivalents 60.6 (34.0) (54.8)
Net change in cash and cash equivalents 684.5 (702.6) 768.3
Cash and cash equivalents balance, beginning of year 1,034.6 1,737.2 968.9
Cash and cash equivalents balance, end of year 1,719.1 1,034.6 1,737.2
Cash paid during the year for:      
Interest 84.3 68.5 64.1
Income taxes $ 325.2 $ 246.8 $ 250.7