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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash from operating activities:    
Net income $ 875.7 $ 761.1
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 194.5 168.5
Stock-based compensation expense 40.4 37.1
Deferred income tax benefit (41.5) (0.6)
Net change in components of working capital (246.4) (252.8)
Net change in accrued pension and postretirement benefits (77.0) (0.7)
Net change in other long-term assets and liabilities (11.2) 3.8
Net cash provided by operating activities 734.5 716.4
Cash from investing activities:    
Capital expenditures (208.2) (155.8)
Proceeds from disposals of property, plant and equipment 3.8 2.0
Purchases of short-term investments (35.3) (36.1)
Sales and maturities of short-term investments 48.3 140.4
Acquisitions, net of cash acquired (158.9) (243.5)
Net cash used in investing activities (350.3) (293.0)
Cash from financing activities:    
Proceeds from issuance of senior notes, net   749.3
Repayments of long-term debt (8.7) (375.0)
(Repayments) borrowings under commercial paper programs, net (300.1) 173.6
Payment of costs related to debt financing (0.3) (5.2)
Proceeds from exercise of stock options 123.0 134.4
Distributions to and purchases of noncontrolling interests (17.9) (22.1)
Purchase and retirement of treasury stock (680.2) (555.6)
Dividend payments (184.4) (147.1)
Net cash used in financing activities (1,068.6) (47.7)
Effect of exchange rate changes on cash and cash equivalents (36.4) 41.9
Net change in cash and cash equivalents (720.8) 417.6
Cash and cash equivalents balance, beginning of period 1,719.1 1,034.6
Cash and cash equivalents balance, end of period 998.3 1,452.2
Cash paid for:    
Interest 79.5 78.0
Income taxes $ 307.7 $ 244.1